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Turnkey Office Suite Above Restaurant
For Lease
$800/Mo

23150 woodward ave 1, Ferndale, MI 48220

Turnkey office above Toast with landlord-paid utilities and strong walk/bike access to major routes.

Space SizeContact for details
Days on Market68

Property Features for 23150 woodward ave 1

General Information

Standard status Active
Property subtype Commercial

Additional Details

Business Included Yes
Listing Agency: KW Domain Birmingham
Listed By: Logan Smith
Source: Elliman
Added: Jun 3 Changed: Jul 10 Last Checked: Aug 9 at 10:47AM

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 KW Domain Birmingham

Investment Insights

Based on property information with market context.

This turnkey office suite is located right above Toast and is ready for immediate occupancy. The space is configured as an office unit, suitable for professional services such as an attorney, CPA, or real estate agency. Please note that the unit is not handicap accessible.

Positioned in downtown Ferndale, the suite offers easy access to Woodward and major highways, supporting convenient commutes for employees and clients. The area also scores well for alternative transportation, with a walk score of 76 and a bike score of 80.

This property can be a practical fit for a tenant seeking a professionally oriented office location with landlord-paid utilities. As a second-floor suite above an existing restaurant, it may appeal to service-oriented uses that want a clean, turnkey setup and straightforward access to primary regional corridors. Given the stated accessibility limitation, tenants should confirm their operational needs prior to touring.

Key Highlights

  • Office space located right above Toast in downtown Ferndale
  • Landlord‑paid utilities included
  • Not handicap accessible

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

Demographics for 48220, MI

21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value

Market

Lease Benchmarks for Ferndale, MI

$12.95 /SF/Yr
Avg Asking Price
$1.82–$28.6 /SF/Yr
Price Range
4,057 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Turnkey office above Toast with landlord-paid utilities and strong walk/bike access to major routes.
Where is this office units located?
The property is located at 23150 woodward ave 1 Ferndale, MI.
What is the lease rate?
The lease rate is $800/Mo.
What are key features of this property?
This property features: Office space located right above Toast in downtown Ferndale; Landlord‑paid utilities included; Not handicap accessible
More about this property
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