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    23059 Woodward Ave Ferndale, MI 48220

    For Lease
    $3,700 /Mo

    Prime location in downtown Ferndale, ideal for retail or office.

    Lot size:
    0.09 Acres

    Property Features for 23059 Woodward Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1926

    Source: Brookstone, Realtors LLC Agent Nahed Yousif

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

    Overview

    Downtown Ferndale Retail/Office Space

    Located in the heart of downtown Ferndale, this second-level space at 23059 Woodward Ave offers approximately 2200 square feet of retail or office space. Situated one block north of 9 Mile Road on the corner of Camborne, the property benefits from a prime location. The space includes a full bathroom with a bathtub, a sunroom, a full kitchen, and a second-level patio in the back. The property is very spacious with plenty of rooms, making it suitable for various retail or office uses.
    Insight Report 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
    -83.1370474
    Latitude
    42.4633488

    Nearby Similar for Lease

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      Downtown Ferndale Office Space Above Toast

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    FAQs

    What type of property is this?
    Retail space - Prime location in downtown Ferndale, ideal for retail or office.
    Where is this retail space located?
    The property is located at 23059 Woodward Ave Ferndale, MI.
    What are key features of this property?
    This property features: - Prime location in the heart of downtown Ferndale on Woodward Ave, one block north of 9 Mile Road.; - Below-market lease rate of $3700 for the first year.; - Spacious second-level space with nearly 2200 sq ft (2184 sq ft).
    (248) 963-0505
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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
    23059 Woodward Ave Ferndale, MI 48220
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