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Office Unit Above Toast
For Lease
$800/Mo

23150 Woodward Ave #1, Ferndale, MI 48220

Commercial-zoned office space with utilities paid by the landlord.

Space SizeContact for details
Property Size450 SF
Days on Market162

Property Features for 23150 Woodward Ave #1

General Information

Standard status Active
Size 450 SF
Zoning Commercial

Space & Availability

Space Use Office
Condition Turnkey

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Utilities Included in Rent all utilities

Building Details

Building Size 450 SF
Listing Agency: KW Domain
Listed By: Logan Smith
Source: Carterassociatesrealty
Added: May 27 Changed: Nov 3 Last Checked: Nov 3 at 2:38PM

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 KW Domain

Rey
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Investment Insights

Based on property information with market context.

This 450-square-foot office unit is located above Toast at 23150 Woodward Ave in Ferndale. The space is zoned Commercial, and the landlord pays all utilities. The unit is not handicap accessible.

The property is in downtown Ferndale on Woodward Avenue, with access to major highways.

Key Highlights

  • 450‑square‑foot office unit
  • Commercial zoning
  • Landlord pays all utilities

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

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

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,602
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ferndale, MI

$21.54 /SF/Yr
Avg Asking Price
$12–$39 /SF/Yr
Price Range
8,079 SF
Avg Space Size

This space is priced 1% below the average of $21.54 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Commercial-zoned office space with utilities paid by the landlord.
Where is this office unit located?
The property is located at 23150 Woodward Ave #1 Ferndale, MI.
What is the lease rate?
The lease rate is $800/Mo.
What are key features of this property?
This property features: 450‑square‑foot office unit; Commercial zoning; Landlord pays all utilities
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Includes: Price & PSF · Cap rate · Location · Zoning

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