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Retail Space on Woodward Avenue
For Lease
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22304 Woodward Ave, Ferndale, MI 48220

Retail space for lease near Detroit's Gateway Marketplace.

Space Size4,300 SF
Property Size26,645 SF
Days on Market1809

Property Features for 22304 Woodward Ave

General Information

Standard status Active
Size 4,300 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 26,645 SF
Tenancy Multiple

Spaces For Lease

at 22304 Woodward Ave Contact us

Second Floor

Size
4,300 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Keystone Commercial Real Estate
Listed By: Ryan Kattoo · License #MI 6502370579
Source: Crexi
Added: Sep 8, 2021 Changed: Aug 8 Last Checked: Aug 18 at 8:04PM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

A 10,945 square-foot former Rite Aid and a 4,300 square-foot second-floor space are available for lease. The property is located minutes from the Gateway Marketplace, a new 350,000 square-foot Meijer-anchored retail development in Detroit. Nearby attractions include the Woodward Avenue Brewery, The Rust Belt Market, and The Emory. The property includes four dedicated parking areas for tenants, a feature that is highly sought after on the Woodward Corridor. The property also contains two billboards.

Key Highlights

  • High‑traffic location minutes from the new 350,000 SF Meijer‑anchored Gateway Marketplace.
  • Four dedicated parking areas for tenants, a rare amenity on the Woodward Corridor.
  • 10,945 SF former Rite Aid space available.**

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Daycare Center Law Firm Home Appliance Store (Bike/Boat/Book/etc) Store 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
$2.14 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,623
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 70% Shops & Services 24% Beauty & Spa 3% Electronics 3%
McDonald's Dining
22,302 visits/mo 0.2 miles
Wendy's Dining
20,467 visits/mo 0.2 miles
Taco Bell Dining
10,104 visits/mo 0.3 miles
Mobil Shops & Services
9,934 visits/mo 0.1 miles
Tropical Smoothie Cafe Dining
5,824 visits/mo 0.5 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Meijer Pharmacy 1301 Eight Mile Rd, Detroit, MI 48203
  • Rite Aid Pharmacy 22346 Woodward Ave, Ferndale, MI 48220
  • Heliocare 780 Eight Mile Rd A, Ferndale, MI 48220
  • Haksoo Kim 22346 Woodward Ave, Ferndale, MI 482201817
  • Samwiri Kawesa 22346 Woodward Ave, Ferndale, MI 482201817

Frequently Asked Questions

What type of property is this?
Drug store - Retail space for lease near Detroit's Gateway Marketplace.
Where is this drug store located?
The property is located at 22304 Woodward Ave Ferndale, MI.
What is the lease rate?
The lease rate is $14.25 SF/Yr.
What are key features of this property?
This property features: High‑traffic location minutes from the new 350,000 SF Meijer‑anchored Gateway Marketplace.; Four dedicated parking areas for tenants, a rare amenity on the Woodward Corridor.; 10,945 SF former Rite Aid space available.**
(248) 356-8000 Call to check price and availability
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