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    22824 Woodward Ave Ferndale, MI 48220

    For Lease
    $28 SF/Yr ($3,264 /Mo)

    Bar/restaurant space with a liquor license in downtown Ferndale.

    Property size:
    1,399 SF
    Lot size:
    0.06 Acres

    Property Features for 22824 Woodward Ave

    General Information

    Size
    1,399 SF
    Lot size
    0.06 Acres

    Source: NAI Farbman - Corporate Agent Rick Ax

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

    Overview

    Downtown Ferndale Bar/Restaurant Space

    This 1,399-square-foot property is located in the heart of downtown Ferndale on Woodward Avenue. The property is suitable for use as a bar or restaurant. It features a kitchen and a full bar. A business with a liquor license is available for purchase.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    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.

    Similar Places Nearby

    BARREL HOUSE, Karaoke, J's Penalty Box, Soho, Orchid Theatre

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1341729
    Latitude
    42.4610128

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    FAQs

    What type of property is this?
    Bar - Bar/restaurant space with a liquor license in downtown Ferndale.
    Where is this bar located?
    The property is located at 22824 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: - Established Irish Bar Business; - Includes a **Full Kitchen and Bar**; - Liquor License Available
    (248) 852-0314
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    22824 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
    22824 Woodward Ave Ferndale, MI 48220
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