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    22720 Woodward Ave Ferndale, MI 48220

    Sponsored
    For Lease
    Contact for pricing

    Prime Ferndale location, flexible office space.

    Lot size:
    7,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 22720 Woodward Avenue in Ferndale, Michigan offers 7,985 square feet of retail and office space, ideally situated in the Royal Oak Vicinity submarket within Oakland County. The building features five individual suites, perfect for businesses seeking flexible space options. Currently, 3,040 square feet are available for lease, with individual suites ranging from a minimum of 520 square feet to a maximum contiguous space of 960 square feet. The property is zoned CBD, providing excellent access to amenities and high visibility. Tenancy is multiple, allowing for a diverse range of businesses to coexist. While on-site parking is not provided, ample city parking is readily available. The building includes elevators for convenient access to all floors. This location offers a unique opportunity for businesses seeking a vibrant and accessible location in the heart of Ferndale, with easy access to Woodward Avenue and its bustling commercial activity. The property's mixed-use zoning allows for a variety of business types, making it an ideal location for a range of commercial enterprises. Inquire today to learn more about leasing opportunities within this dynamic and well-located building. The zip code is 48220.

    Property Features for 22720 Woodward Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,985 SF

    Unit(s) available at that property

    Space
    Suite 207 & 208
    Size
    960 SF
    Space
    Suite 210
    Size
    520 SF
    Space
    Suite 101
    Size
    520 SF
    Space
    Suite 209
    Size
    520 SF
    Space
    Suite 203
    Size
    520 SF

    HighLights

    • 7,985 SF mixed‑use building with five suites available for lease in Ferndale, MI.
    • 3,040 SF currently available, with suites ranging from 520 SF to 960 SF contiguous.
    • CBD zoning in the Royal Oak Vicinity submarket of Oakland County.
    • Utilities (heat, air, water, electric) included.
    • Ample city parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1335292
    Latitude
    42.4600014

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ferndale location, flexible office space.
    Where is this office property / space located?
    The property is located at 22720 Woodward Ave Ferndale, MI.
    What are key features of this property?
    This property features: 7,985 SF mixed-use building with five suites available for lease in Ferndale, MI.; 3,040 SF currently available, with suites ranging from 520 SF to 960 SF contiguous.; CBD zoning in the Royal Oak Vicinity submarket of Oakland County.
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    22720 Woodward Ave Ferndale, MI 48220
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    Ferndale, MI 48220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22720 Woodward Ave Ferndale, MI 48220
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