Ferndale Retail/Office Space For
For Lease
$3,700/Mo NNN (Triple Net)
23059 Woodward Ave, Ferndale, MI 48220
Prime downtown Ferndale location with flexible lease terms.
Space SizeContact for details
Property Size4,368 SF
Lot Size0.09 Acres
Days on Market153
Property Features for 23059 Woodward Ave
General Information
Standard status
Active
Size
4,368 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Building Size
4,368 SF
Year Built
1926
Listing Agency:
Brookstone, Realtors LLC
(248) 422-6962
Listed By:
Nahed Yousif
(248) 422-6962
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
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 Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
Located in the heart of downtown Ferndale, this second-level space at 23059 Woodward Ave offers an exceptional leasing opportunity. Situated one block north of 9 Mile Road on the corner of Camborne, the property benefits from a prime location. The space encompasses nearly 2200 square feet and is suitable for retail or office use. The layout includes a full bathroom with a bathtub, a sunroom, a full kitchen, and a second-level patio in the back. The initial lease is offered at $3700 for the first year, increasing to $4300 in the second year, with market value applicable from the third year onwards. The current market value for the 2184 square foot space, including triple net, is $5460.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime downtown Ferndale location with flexible lease terms.
Where is this retail space located?
The property is located at 23059 Woodward Ave Ferndale, MI.
What is the lease rate?
The lease rate is $3,700/Mo.
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.
