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Former Drug Store Retail Building
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22304-22346 Woodward Avenue, Ferndale, MI 48220

Former Rite Aid building offers a 10,945 SF space and an additional 4,300 SF second-floor suite for lease.

Space SizeContact for details
Days on Market106

Property Features for 22304-22346 Woodward Avenue

General Information

Standard status Active
Property subtype Retail
Zoning C-2
Listing Agency: Keystone Commercial Real Estate
Listed By: Ryan Kattoo · License #6501385432
Source: Cpix.resimplifi
Added: Apr 29 Changed: Aug 8 Last Checked: Aug 12 at 3:17AM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

This listing includes a former Rite Aid retail building with 10,945 SF of available space. A second-floor space of 4,300 SF is also available for lease.

The property is located at 22304–22346 Woodward Avenue in Ferndale, Michigan.

Interested tenants can evaluate the building’s main level opportunity alongside the separate second-floor suite, depending on their operating needs.

Key Highlights

  • Former Rite Aid building with 10,945 SF available for lease
  • Additional 4,300 SF second‑floor suite available for lease

Property Analytics

Current Use

Drug stores

Suggested Use

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,623
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 70% Shops & Services 24% Beauty & Spa 3% Electronics 3%
McDonald's Dining
22,302 visits/mo 0.2 miles
Wendy's Dining
20,467 visits/mo 0.2 miles
Taco Bell Dining
10,104 visits/mo 0.3 miles
Mobil Shops & Services
9,934 visits/mo 0.1 miles
Tropical Smoothie Cafe Dining
5,824 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Meijer Pharmacy 1301 Eight Mile Rd, Detroit, MI 48203
  • Rite Aid Pharmacy 22346 Woodward Ave, Ferndale, MI 48220
  • Heliocare 780 Eight Mile Rd A, Ferndale, MI 48220
  • Haksoo Kim 22346 Woodward Ave, Ferndale, MI 482201817
  • Samwiri Kawesa 22346 Woodward Ave, Ferndale, MI 482201817

Frequently Asked Questions

What type of property is this?
Drug store - Former Rite Aid building offers a 10,945 SF space and an additional 4,300 SF second-floor suite for lease.
Where is this drug store located?
The property is located at 22304-22346 Woodward Avenue Ferndale, MI.
What are key features of this property?
This property features: Former Rite Aid building with 10,945 SF available for lease; Additional 4,300 SF second‑floor suite available for lease
More about this property
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