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    23123-23141 Woodward Ave Ferndale, MI 48220

    For Lease
    $28 SF/Yr ($3,159 /Mo)

    Bakery space for sublease with equipment included and ample parking.

    Property size:
    1,354 SF
    Lot size:
    0.86 Acres

    Property Features for 23123-23141 Woodward Ave

    General Information

    Size
    1,354 SF
    Lot size
    0.86 Acres

    Source: Landmark Commercial Real Estate Services Agent Anthony Vitale

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

    Overview

    Turnkey Bakery Space on Woodward

    This is a turnkey bakery space available for sublease. The property is located on heavily trafficked Woodward Avenue, offering excellent visibility. All equipment is included, and a full list is available upon request. The location provides rare ample parking. The property is located in close proximity to Downtown Ferndale. Current co-tenants include Chipotle, The UPS Store, Pizza Hut, Jimmy John’s, ATI Physical Therapy, Detroit Wing Co, Beyond Juicery + Eatery, Hand & Stone, and Verizon. The property size is 1354 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1374539
    Latitude
    42.4639389

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    FAQs

    What type of property is this?
    Retail space - Bakery space for sublease with equipment included and ample parking.
    Where is this retail space located?
    The property is located at 23123-23141 Woodward Ave Ferndale, MI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey bakery space for sublease; - All equipment included; - Excellent visibility from Woodward Avenue
    (248) 488-2620
    Request Owner's contact information
    23123-23141 Woodward Ave 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
    23123-23141 Woodward Ave Ferndale, MI 48220
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