Restaurant Venue with Event
For Lease
$25 SF/Yr
240 W Nine Mile Rd, Ferndale, MI 48220
CBD-zoned restaurant premises with municipal parking nearby and flexible adjacent expansion for events or additional seating.
Space Size4,000 SF - 5,200 SF
Days on Market161
Property Features for 240 W Nine Mile Rd
General Information
Standard status
Active
Size
4,000 SF - 5,200 SF
Net Rentable
4,000 SF
Property subtype
Retail
Zoning
CBD
Space & Availability
Available Space
4,000-5,200 SF
Contiguous Space
4,000 SF
Space Use
Restaurant
Listing Agency:
CMP Real Estate Group
(248) 538-2000
Listed By:
Erik Elwell
(248) 538-2000
Source:
Cpix.resimplifi
Added: Mar 23
Changed: Aug 29
Last Checked: Aug 29 at 6:54PM
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 CMP Real Estate Group
Investment Insights
Based on property information with market context.
The offering comprises a 4,000-square-foot restaurant premises in downtown Ferndale, with the option to add an adjoining 1,200-square-foot suite. That expansion creates up to 5,200 square feet for banquet functions, events, or related restaurant operations. A liquor license is also available in connection with the opportunity.
The property is at 240 W Nine Mile Rd and sits next to municipal parking. The location is surrounded by established downtown dining destinations, including Pop’s For Italian, Imperial, Voyager, One-Eyed Betty’s, and The Oakland. A 1,000-square-foot apartment above the restaurant is available separately or as part of a combined lease arrangement.
The property is at 240 W Nine Mile Rd and sits next to municipal parking. The location is surrounded by established downtown dining destinations, including Pop’s For Italian, Imperial, Voyager, One-Eyed Betty’s, and The Oakland. A 1,000-square-foot apartment above the restaurant is available separately or as part of a combined lease arrangement.
Key Highlights
- 4,000 SF restaurant premises in downtown Ferndale
- Adjacent 1,200 SF suite can expand the space to 5,200 SF
- Expansion suite supports banquet or event use
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
144k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 20%
Beauty & Spa 2%
Electronics 2%
McDonald's
Dining
22,302 visits/mo
0.1 miles
Wendy's
Dining
20,467 visits/mo
0.2 miles
Pizza Hut
Dining
13,458 visits/mo
0.5 miles
Taco Bell
Dining
10,104 visits/mo
0.4 miles
Mobil
Shops & Services
9,934 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - CBD-zoned restaurant premises with municipal parking nearby and flexible adjacent expansion for events or additional seating.
Where is this conventional restaurant located?
The property is located at 240 W Nine Mile Rd Ferndale, MI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 4,000 SF restaurant premises in downtown Ferndale; Adjacent 1,200 SF suite can expand the space to 5,200 SF; Expansion suite supports banquet or event use
