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Free-Standing Retail Office Building
For Sale
Contact for pricing
Pending

21950 Woodward Avenue, Ferndale, MI 48220

Free-standing commercial building over 1,200 SF on a hard corner along busy Woodward Avenue.

Property SizeContact for details
Days on Market133

Property Features for 21950 Woodward Avenue

General Information

Standard status Pending
Property subtype Retail, Office
Listing Agency: Real Estate One
Listed By: Tom Wilhelm · License #MI 6501196948
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 21 at 6:37AM

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 Real Estate One

Investment Insights

Based on property information with market context.

This free-standing commercial building offers more than 1,200 SF of space and is positioned on a hard corner for prominent street presence. The property is suited for a variety of retail or office uses based on its standalone configuration.

Located on Woodward Avenue in Ferndale, the building benefits from placement on a busy commercial corridor with visibility from surrounding traffic.

Available for sale, the asset provides a straightforward, single-building footprint with straightforward access from the street frontage.

Key Highlights

  • Free‑standing commercial building offering 1,200+ SF
  • Located on a hard corner along busy Woodward Avenue

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Home Appliance Store Locksmith (Bike/Boat/Book/etc) Store Travel Agency Daycare Center

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

Location Intelligence

Trade Area within ½ mile

1,341
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Free-standing commercial building over 1,200 SF on a hard corner along busy Woodward Avenue.
Where is this retail space located?
The property is located at 21950 Woodward Avenue Ferndale, MI.
What are key features of this property?
This property features: Free‑standing commercial building offering 1,200+ SF; Located on a hard corner along busy Woodward Avenue
(248) 891-1000 Call to check price and availability
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