23365 Woodward St Ferndale, MI 48220
- Industrial properties
- 4,340 SF
- 0.14 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 23365 Woodward St
- Year built
- 1919
- Lot size
- 0.14 lot acres
- Property size
- 4,340 SF
- Property type
- Industrial properties
Description
This exceptional 4,340 square foot industrial building is ideally located on Woodward Avenue in Ferndale, MI, a thriving and highly sought-after residential area experiencing significant downtown expansion. Benefitting from high visibility and increased foot traffic due to recent city traffic management initiatives, including a road detour directly in front of the property, this location offers unparalleled exposure. The building sits on a 0.14-acre lot and includes a substantial parking lot with over twenty spaces, independently valued at approximately $200,000. The property has undergone extensive renovations within the last three years, encompassing electrical and plumbing upgrades, tuck pointing of the brick exterior, roof replacement, and new flooring. Modernized bathrooms enhance the functionality and comfort of the space. The unique layout of this building makes it suitable for a variety of business uses. Priced at $995,000, this is a rare opportunity to acquire a well-maintained, high-traffic industrial property in a rapidly growing area. The building's prime location and recent improvements make it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1388
- Latitude
- 42.4659
