22061 Woodward Ave Ferndale, MI 48220
- Retail properties
- 7,000 SF
- 0.12 lot acres
Current Use by Public Records
- Retail properties
Property Details for 22061 Woodward Ave
- Year built
- 1980
- Lot size
- 0.12 lot acres
- Property size
- 7,000 SF
- Property type
- Retail properties
Description
This exceptional retail property, located at 22061 Woodward Avenue in Ferndale, Michigan, presents a unique investment opportunity. The single-story building, constructed in 1980, boasts 7,000 square feet of space spread across the main and lower levels, ideal for a restaurant, bar, or other suitable commercial use. Situated on a 0.12-acre lot, the property benefits from a prime location on Woodward Avenue, a high-traffic area with excellent visibility. Ample parking is provided with 65 on-site spaces, complemented by convenient access to public transportation. The property is zoned BI and features a total of one building. The asking price is $1,100,000, translating to $157.14 per square foot. The property's APN is 25-34-251-010 & 015. This location offers significant potential for a variety of businesses seeking high visibility and convenient access in a thriving commercial district. The property's size, parking availability, and prominent location on Woodward Avenue make it an attractive investment prospect. Don't miss this chance to acquire a well-positioned retail space in the vibrant city of Ferndale.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1316
- Latitude
- 42.4552
