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    130 Nine Mile Rd Ferndale, MI 48220

    Sponsored
    For Sale
    $4,500,000

    18,699 SF Class A Office Space

    Property size:
    18,699 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning 18,699 square foot Class A office building, located in the heart of Ferndale, Michigan's vibrant CBD, presents a unique blend of historic charm and modern functionality. Originally constructed in 1915 and extensively renovated in 2006, this three-story building boasts exquisite details including Pewabic tile, exposed brick, and original oak flooring. The property features a striking three-story glass atrium, bathing the interior in natural light. Each floor includes a dedicated conference room, and amenities extend to a fitness center complete with lockers and showers, a large kitchen and dining area, and a third-floor outdoor terrace overlooking the downtown area. Two gas fireplaces add to the building's unique character. The building offers a variety of office sizes and types, making it suitable for a single user or multiple tenants. Its prime location offers easy access to restaurants, shops, and bike rentals, and an adjacent city parking lot provides reserved spaces for added convenience. The asking price for this exceptional property is $4,500,000. The 0.31-acre lot provides ample space and potential. This is a truly exceptional opportunity to acquire a landmark property in a thriving Michigan community.

    Property Features for 130 Nine Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    18,699 SF
    Class
    A
    Lot Size
    13,504 SF

    Building Details

    Year Built/Renovated
    1915/2006
    Stories
    3

    HighLights

    • 18,699 SF of Class A office space.
    • Vintage, urban loft building updated to 21st‑century standards; built in 1915, renovated in 2006.
    • Features Pewabic tile, exposed brick, and original oak flooring.
    • Located in Ferndale's CBD, near dining, shops, and bike rentals; adjacent city parking lot with reserved spaces.
    • $4,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1333616
    Latitude
    42.4603733

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    FAQs

    What type of property is this?
    Office Property / Space - 18,699 SF Class A Office Space
    Where is this office property / space located?
    The property is located at 130 Nine Mile Rd Ferndale, MI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 18,699 SF of Class A office space.; Vintage, urban loft building updated to 21st-century standards; built in 1915, renovated in 2006.; Features Pewabic tile, exposed brick, and original oak flooring.
    (248) 593-7850
    Request Owner's contact information
    130 Nine Mile Rd 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
    130 Nine Mile Rd Ferndale, MI 48220
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