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    22061 Woodward Ave Ferndale, MI 48220

    For Sale
    $1,150,000

    Retail property available for sale in Ferndale, Michigan.

    Property size:
    7,206 SF
    Lot size:
    0.12 Acres

    Property Features for 22061 Woodward Ave

    General Information

    Size
    7,206 SF
    Lot size
    0.12 Acres

    Source: Thomas Hospitality Group Agent Michael E. Scheid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Ferndale, MI

    This retail property, located at 22061 Woodward Ave in Ferndale, MI, offers 7,206 square feet of space. The property is suitable for retail and other retail purposes.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.131491
    Latitude
    42.455071

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    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Ferndale, Michigan.
    Where is this retail property located?
    The property is located at 22061 Woodward Ave Ferndale, MI.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Retail property for sale; - Located in Ferndale, Michigan
    (248) 866-4855
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    22061 Woodward Ave Ferndale, MI 48220
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    Ferndale, MI 48220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22061 Woodward Ave Ferndale, MI 48220
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