Freestanding Retail Building with
1805 E 9 Mile Road Ferndale, MI 48220
1805 E 9 Mile Road, Ferndale, MI, 48220
$450,000
Pending
For Sale
$450,000
Pending
COMMERCIAL - Ferndale, MI
Property Size2,644 SF
Lot Size0.19 Acres
Days on Market252
Property Features for 1805 E 9 Mile Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 25-26-456-037
- Size
- 2,644 SF
- Lot size
- 0.19 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1956
Listing agency
KW Platinum
(586) 949-0200
Listed by
Evan Lyszczyk · License #6501428411
(586) 980-1171
Added: Nov 12, 2025 Updated: Jul 2 at 12:46PM Checked: Jul 22 at 3:06PM
MLS# 50194130
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Investment Insights
Based on property information with market context.
Freestanding retail building totaling 2,644 square feet situated on a 0.19-acre lot. The property was built in 1956 and is configured as a dedicated commercial facility, offering a straightforward platform for retail use. Ample on-site parking is included with the site.
Located at 1805 E 9 Mile Road in Ferndale, the property is described as just west of I-75 and minutes from downtown Ferndale. The site sits within a surrounding mix of commercial and residential development, supporting a neighborhood-serving retail environment.
Zoned MXD-2, the building may be a practical fit for an owner-occupant looking for a freestanding storefront with parking, as well as for an investor considering a long-term retail holding in a mixed-use zoning district. With its dedicated retail footprint and on-site parking, it can accommodate businesses seeking visibility and convenient customer access in the Ferndale-Royal Oak area.
Located at 1805 E 9 Mile Road in Ferndale, the property is described as just west of I-75 and minutes from downtown Ferndale. The site sits within a surrounding mix of commercial and residential development, supporting a neighborhood-serving retail environment.
Zoned MXD-2, the building may be a practical fit for an owner-occupant looking for a freestanding storefront with parking, as well as for an investor considering a long-term retail holding in a mixed-use zoning district. With its dedicated retail footprint and on-site parking, it can accommodate businesses seeking visibility and convenient customer access in the Ferndale-Royal Oak area.
Key Highlights
- Freestanding retail building with 2,644 SF of commercial space
- 0.19‑acre lot with ample parking
- Built in 1956
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $16.80 |
| − Vacancy | −$3.8k | −$1.43 |
| EGI | $40.6k | $15.37 |
| − OpEx | −$12.2k | −$4.61 |
| NOI | $28.5k | $10.76 |
2,644 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$406.4K
$355.6K – $474.2K
NOI $28,450 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$570.3K
$499.0K – $665.3K
NOI $39,920 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail building with parking on a 0.19-acre lot, zoned MXD-2 in Ferndale near I-75.
Where is this retail space located?
The property is located at 1805 E 9 Mile Road Ferndale, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding retail building with 2,644 SF of commercial space; 0.19‑acre lot with ample parking; Built in 1956
