Back to Search

Ferndale Restaurant Investment Opportunity

545 W Nine Mile Rd, Ferndale, MI 48220

View on Map

For Sale

Contact for pricing

Restaurant property with income, parking, and signage in Ferndale.

Type:Retail

Property size:

4,501 SF

Price / SF:

$211/SF

HighLights

Prime location in the heart of Ferndale
Rare on‑site parking with a dedicated 21 car parking lot
Investment opportunity with immediate income
Existing restaurant tenant in place, willing to remain through June 2027
Excellent building signage with strong main road visibility
Roof and HVAC replaced in the last 4 years

We can help!

Contact an agent

Aaron Smith

Learn more

For Sale

Contact for pricing

Restaurant property with income, parking, and signage in Ferndale.

Type:Retail

Property size:

4,501 SF

Price / SF:

$211/SF

Added:: Feb 13, 2026
Days on Market:: 134
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 545 W Nine Mile Rd

General Information

Standard status: Active
Size: 4,501 SF
Property subtype: Retail

Building Details

Year Built: 2005

We can help!

Contact an agent

Aaron Smith

Listing office L. Mason Capitani

Listing date Feb 13, 2026

Source Crexi

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 L. Mason Capitani

HighLights

Prime location in the heart of Ferndale
Rare on‑site parking with a dedicated 21 car parking lot
Investment opportunity with immediate income
Existing restaurant tenant in place, willing to remain through June 2027
Excellent building signage with strong main road visibility
Roof and HVAC replaced in the last 4 years

Overview

This commercial property is located in Ferndale and offers an investment opportunity with immediate income and future flexibility. The property features excellent building signage with strong main road visibility. A dedicated 21-car parking lot provides rare on-site parking. The roof and HVAC system were replaced in the last 4 years. There is an existing restaurant tenant in place, willing to remain through June 2027. The property size is 4,501 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$97.2k	$21.60
− Vacancy	−$6.6k	−$1.47
EGI	$90.6k	$20.13
− OpEx	−$22.7k	−$5.03
NOI	$68.0k	$15.10

4,501 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$970.8K

$849.5K – $1.13M (±1% cap)

NOI $67,958 @ 7.0% cap · market cap 7.15%

Second Best

—

no second resolved use

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Similar Places Nearby

Got Pho — 172 W Nine Mile Rd, Ferndale, MI 48220
Quarton Catering — 22020 Woodward Ave, Ferndale, MI 48220
Cappuccino Man — W Cambourne St, Ferndale, MI 48220
Hero or Villain Deli: HQ — 22965 Woodward Ave, Ferndale, MI 48220

Location Insight

Map
Local Demand

City: Ferndale
County: Oakland
State: Michigan
Longitude: -83.135
Latitude: 42.4581

Nearby Similar for Sale

$749,900

3,186 SF

Tri-Unit Live-Work Property

Tri-unit building zoned for commercial and multifamily use, offering a blended residential and income-oriented layout.

695 Livernois Street, Ferndale, MI 48220

View Details
$775,000

9,101 SF

Industrial Flex Building with Office

M1-zoned industrial building with office space, 15-foot clear height, and a drive-in door for owner-users and contractors.

836 Woodward Hts, Ferndale, MI 48220

View Details
$775,000

3,986 SF

Mixed-Use Property in Ferndale, MI

Multi-unit property with residential and commercial opportunity in Ferndale.

695 Livernois, Ferndale, MI 48220

View Details
$360,000

1,466 SF

Duplex Bungalow with Updated Interiors

Versatile upper and lower units with multiple kitchens and baths, updated finishes, and dual forced-air HVAC for year-round comfort.

634 E Lewiston Avenue, Ferndale, MI 48220

View Details
$450,000

2,644 SF

Freestanding Retail Building with Parking

Freestanding retail building on a 0.19-acre lot with ample parking and MXD-2 zoning.

1805 E 9 Mile Road, Ferndale, MI 48220

View Details
$279,000

1,600 SF

Bungalow Duplex For Sale

Duplex bungalow income property in Ferndale, offering two units within a compact lot setting.

690 E Marshall Street, Ferndale, MI 48220

View Details
$1,100,000

11,200 SF

Ferndale Industrial Building with Cranes

11,200 SF industrial building with cranes and outside storage.

930 East Drayton Street, Ferndale, MI 48220

View Details
$1,099,000

Retail Space Ready For Occupancy

Retail space in nice condition, ready for immediate occupancy.

836 Livernois St, Ferndale, MI 48220

View Details
$950,000

Ferndale Retail Space For Sale

Retail space in Ferndale with high visibility.

545 W 9 Mile Rd, Ferndale, MI 48220

View Details
$1,100,000

11,200 SF

Ferndale Industrial Property for Sale

Industrial property available for purchase in Ferndale, Michigan.

930 E Drayton St, Ferndale, MI

View Details
$1,389,000

7,120 SF

Updated Multi-Unit Building with Garage

Well-maintained building featuring six units, parking, and garage.

624 Livernois St, Ferndale, MI 48220

View Details
$1,500,000

3,100 SF

Single-Tenant Net Leased Retail Property

Net-leased retail building with direct Woodward Avenue frontage for a hands-off ownership profile under NNN terms.

22740 Woodward Avenue, Ferndale, MI 48220

View Details

For sale
Restaurants
MI
Ferndale
48220
545 W Nine Mile Rd

What type of property is this?

Restaurant - Restaurant property with income, parking, and signage in Ferndale.

Where is this restaurant located?

The property is located at 545 W Nine Mile Rd Ferndale, MI.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Prime location in the heart of Ferndale; Rare on‑site parking with a dedicated 21 car parking lot; Investment opportunity with immediate income