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Office Unit Above Toast
For Lease
$1,000/Mo

23150 Woodward Unit 2, Ferndale, MI 48220

Downtown office space with landlord-paid utilities and access to Woodward Avenue and major highways.

Space SizeContact for details
Days on Market40

Property Features for 23150 Woodward Unit 2

General Information

Standard status Active

Space & Availability

Space Use Office
Condition Turnkey

Site & Location

Highway Access Yes
Utilities to Site Yes

Building Details

Year Built 1950
Listing Agency: KW Domain
Listed By: Logan Smith
Source: Premiermichiganhomesearch
Added: Jul 22 Changed: Aug 29 Last Checked: Aug 29 at 2:58PM

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

Investment Insights

Based on property information with market context.

Office Unit 2 at 23150 Woodward offers a downtown Ferndale location above Toast. The space is positioned for professional users including attorneys, CPAs, and real estate agencies. Utilities are paid by the landlord, simplifying occupancy planning for the incoming user. The unit is not handicap accessible.

Built in 1950, the property provides access to Woodward Avenue and major highways. Its address places the office in downtown Ferndale, with a setting suited to businesses seeking a central professional location.

Key Highlights

  • Office Unit 2 at 23150 Woodward in downtown Ferndale, MI 48220
  • Located above Toast
  • Landlord pays all utilities

Property 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

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

Market

Lease Benchmarks for Ferndale, MI

$20.98 /SF/Yr
Avg Asking Price
$12–$39 /SF/Yr
Price Range
5,840 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Downtown office space with landlord-paid utilities and access to Woodward Avenue and major highways.
Where is this office units located?
The property is located at 23150 Woodward Unit 2 Ferndale, MI.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: Office Unit 2 at 23150 Woodward in downtown Ferndale, MI 48220; Located above Toast; Landlord pays all utilities
More about this property
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