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Corner Storefront Space
For Lease
$5,000/Mo

23059 Woodward Ave Unit 1, Ferndale, MI 48220

Blank-canvas interior with adjacent parking and prominent street exposure.

Space SizeContact for details
Days on Market31

Property Features for 23059 Woodward Ave Unit 1

General Information

Standard status Active

Additional Details

Corner Location Yes

Building Details

Year Built 1926
Listing Agency: Brookstone, Realtors LLC
Listed By: Nahed Yousif
Source: Premiermichiganhomesearch
Added: Aug 1 Changed: Aug 29 Last Checked: Aug 30 at 7:03PM

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.

This storefront space offers a blank-canvas interior within a building constructed in 1926. Its corner positioning provides exposure to both vehicle and pedestrian activity, while adjacent parking supports customer and staff access.

The property is surrounded by restaurants, retail businesses, nightlife, and community attractions in Ferndale. The space may accommodate retail, boutique, creative studio, service business, or office use with city approval, allowing an occupant to configure the interior around its operating needs.

Key Highlights

  • Storefront space in a 1926 building
  • Corner positioning with vehicle and pedestrian exposure
  • Adjacent parking for customers and staff

Property Analytics

Current Use

Storefront properties

Suggested Use

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

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

1,382
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 66% Shops & Services 24% Electronics 5% Beauty & Spa 4%
McDonald's Dining
22,302 visits/mo 0.5 miles
Wendy's Dining
20,467 visits/mo 0.4 miles
Pizza Hut Dining
13,458 visits/mo 0.1 miles
Mobil Shops & Services
9,934 visits/mo 0.5 miles
Jimmy John's Dining
9,851 visits/mo 0.1 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
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Storefront property - Blank-canvas interior with adjacent parking and prominent street exposure.
Where is this storefront property located?
The property is located at 23059 Woodward Ave Unit 1 Ferndale, MI.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Storefront space in a 1926 building; Corner positioning with vehicle and pedestrian exposure; Adjacent parking for customers and staff
More about this property
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