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Retail/Restaurant Space For Lease
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23131 Woodward Ave, Ferndale, MI 48220

Retail or restaurant space available for lease.

Space Size1,354 SF
Days on Market389

Property Features for 23131 Woodward Ave

General Information

Standard status Active
Size 1,354 SF
Property subtype Retail, Restaurant
Lease Type NNN

Building Details

Building Size 1,354 SF
Tenancy Multiple

Spaces For Lease

at 23131 Woodward Ave
Available Space Active
Size 1,354 SF
Contact us
Listing Agency: Landmark Commercial Real Estate Services
Listed By: Anthony J. Vitale · License #6501381001
Source: Crexi
Added: Sep 12, 2025 Changed: Sep 30 Last Checked: Oct 5 at 5:27PM

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 Landmark Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This property is available for lease and suitable for retail or restaurant use.

Key Highlights

  • For Lease

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store 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

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,382
Businesses Nearby
147k
Monthly Visits Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail property - Retail or restaurant space available for lease.
Where is this retail property located?
The property is located at 23131 Woodward Ave Ferndale, MI.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: For Lease
(248) 488-2620 Call to check price and availability
More about this property
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