Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Property with Vacant Lot Title is generated by Realmo AI

    1640 E 9 Mile Rd, Ferndale, MI

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Industrial building with vacant lot near I-75 and Woodward.

    Type:INDUSTRIAL
    Property size:
    57,031 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $78/SF
    Added:
    Apr 1, 2025
    Days on Market:
    440
    Last Refresh:
    May 20 at 8:43 pm

    Property Features for 1640 E 9 Mile Rd

    General Information

    Standard status
    Active
    Size
    57,031 SF
    Lot size
    0.69 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Zach Resnick

    Listing agent Zach Resnick License #6501371174

    Listing office JLL | Detroit

    Listing date Apr 1, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | Detroit

    HighLights

    • 0.20 acre vacant lot included
    • Proximity to I‑75 and Woodward Avenue
    • Two exterior docks
    • Featuring three 12’ x 14’ grade level doors
    • Gated parking and outdoor storage
    • Benefit from 14’-18’ clear height

    Overview

    This industrial property features 14-18 foot clear heights, two exterior docks, and three 12 x 14 foot grade-level doors. It is equipped with a dry fire suppression system. The sale includes a 0.20-acre vacant lot located across 9 Mile Road. The property benefits from gated parking and outdoor storage, as well as exposure on Nine Mile Road. It is located in proximity to I-75 and Woodward Avenue. The building has a size of 57,031 square feet.

    Local Financial Insights For Warehouse

    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 $419.2k $7.35
    − Vacancy −$15.5k −$0.27
    EGI $403.7k $7.08
    − OpEx −$60.6k −$1.06
    NOI $343.1k $6.02
    57,031 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $4.90M
    $4.29M – $5.72M (±1% cap)
    NOI $343,118 @ 7.0% cap · market cap 7.62%
    Second Best
    Industrial
    $4.04M
    $3.53M – $4.71M (±1% cap)
    NOI $282,568 @ 7.0% cap · market cap 6.28%
    Theoretical Best
    Specialty Retail
    $12.30M
    $10.76M – $14.35M (±1% cap)
    NOI $861,077 @ 7.0% cap · market cap 19.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    • Expedite Connect Services — 22007 Woodward Ave SUITE#9, Ferndale, MI 48220
    • iStorage — 181 W Marshall St, Ferndale, MI 48220
    • Self Storage — 22647 woodward ave, ferndale, mi 48220
    • Near-By Storage Units — 345 E 9 Mile Rd, Ferndale, MI 48220
    • Movin N Groovin Moving Company — 22750 Woodward Ave #206, Ferndale, MI 48220

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1408
    Latitude
    42.4609

    Nearby Similar for Sale

    • $749,900
      3,186 SF

      Tri-Unit Live-Work Property

      Tri-unit building zoned for commercial and multifamily use, offering a blended residential and income-oriented layout.
      695 Livernois Street, Ferndale, MI 48220
      View Details
    • $775,000
      9,101 SF

      Industrial Flex Building with Office

      M1-zoned industrial building with office space, 15-foot clear height, and a drive-in door for owner-users and contractors.
      836 Woodward Hts, Ferndale, MI 48220
      View Details
    • $775,000
      3,986 SF

      Mixed-Use Property in Ferndale, MI

      Multi-unit property with residential and commercial opportunity in Ferndale.
      695 Livernois, Ferndale, MI 48220
      View Details
    • $279,000
      1,600 SF

      Bungalow Duplex For Sale

      Duplex bungalow income property in Ferndale, offering two units within a compact lot setting.
      690 E Marshall Street, Ferndale, MI 48220
      View Details
    • $450,000
      2,644 SF

      Freestanding Retail Building with Parking

      Freestanding retail building on a 0.19-acre lot with ample parking and MXD-2 zoning.
      1805 E 9 Mile Road, Ferndale, MI 48220
      View Details
    • $1,100,000
      11,200 SF

      Ferndale Industrial Building with Cranes

      11,200 SF industrial building with cranes and outside storage.
      930 East Drayton Street, Ferndale, MI 48220
      View Details
    • $950,000
      4,501 SF

      Ferndale Restaurant Investment Opportunity

      Restaurant property with income, parking, and signage in Ferndale.
      545 W Nine Mile Rd, Ferndale, MI 48220
      View Details
    • $1,099,000

      Retail Space Ready For Occupancy

      Retail space in nice condition, ready for immediate occupancy.
      836 Livernois St, Ferndale, MI 48220
      View Details
    • $950,000

      Ferndale Retail Space For Sale

      Retail space in Ferndale with high visibility.
      545 W 9 Mile Rd, Ferndale, MI 48220
      View Details
    • $1,100,000
      11,200 SF

      Ferndale Industrial Property for Sale

      Industrial property available for purchase in Ferndale, Michigan.
      930 E Drayton St, Ferndale, MI
      View Details
    • $1,389,000
      7,120 SF

      Updated Multi-Unit Building with Garage

      Well-maintained building featuring six units, parking, and garage.
      624 Livernois St, Ferndale, MI 48220
      View Details
    • $1,500,000
      3,100 SF

      Single-Tenant Net Leased Retail Property

      Net-leased retail building with direct Woodward Avenue frontage for a hands-off ownership profile under NNN terms.
      22740 Woodward Avenue, Ferndale, MI 48220
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial building with vacant lot near I-75 and Woodward.
    Where is this warehouse located?
    The property is located at 1640 E 9 Mile Rd Ferndale, MI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 0.20 acre vacant lot included; Proximity to I‑75 and Woodward Avenue; Two exterior docks
    (248) 581-3300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zach Resnick
    Real Estate License ID: 6501371174
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1640 E 9 Mile Rd, Ferndale, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!