Listing Agency: Realty Executives Home Towne (Shelby) m***@showcaseonerealestate.com Show Phone

Listed By: Maurice Khalifa · License #MI 6502376505

Source: Crexi

Added: Apr 6, 2023 Changed: Aug 26 Last Checked: May 12 at 11:31PM

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Investment Insights

Based on property information with market context.

This vacant land site has approved plans for the construction of a 19-unit apartment building with first-floor retail space. The property is located less than 1 mile from downtown Ferndale, offering a convenient location. The seller will consider Land Contract Terms.

Key Highlights

• Site plan approved for a 19‑unit apartment building with first‑floor retail.
• Vacant land ready for development.
• Less than 1 mile from downtown Ferndale.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Daycare Center Food Market (Bike/Boat/Book/etc) Store Computer & Electronic Repair Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,475

Businesses Nearby

Explore this area Business Placement

Demographics for 48220, MI

21,564

Population

12,003

Households

1.8

Avg Household Size

37

Median Age

53%

College-Educated

96%

High-School Grad

4.4 sq mi

ZIP Area

4,901

Density / Sq Mi

$86,095

Median Household Income

$54,557

Median Earnings

$1,191

Median Rent

$229,700

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Vacant land with approved plans for mixed-use development.

Where is this commercial land located?

The property is located at 1120 E 9 Mile Rd Ferndale, MI.

What is the asking price?

The asking price for this property is $729,000.

What are key features of this property?

This property features: Site plan approved for a 19‑unit apartment building with first‑floor retail.; Vacant land ready for development.; Less than 1 mile from downtown Ferndale.