850 9 Mile Rd Ferndale, MI 48220
- Warehouses
- 22,552 SF
- 0.75 lot acres
Current Use by Public Records
- Warehouses
Property Details for 850 9 Mile Rd
- Lot size
- 0.75 lot acres
- Property size
- 22,552 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 22,552 square foot industrial property, situated on a 0.75-acre lot in Ferndale, Michigan, presents a compelling investment opportunity. The single-story building, zoned C-2 General Commercial, features three units totaling 22,552 square feet, with an asking price of $1,800,000 ($79.82/SF and $600,000 per unit). One unit offers a turnkey flex space with high-quality finishes, including three new HVAC units, a new façade, new entry doors and windows, updated electrical, polished concrete floors, custom offices and conference rooms, bathrooms, access control, 36 security cameras, and a state-of-the-art IT infrastructure. Another unit is primarily open warehouse space with a roll-up door, currently leased until August 31, 2027. A third 5,361 square foot unit, also with high-end finishes, is similarly leased until August 31, 2027. The property boasts excellent visibility on East 9 Mile Road with pylon signage and benefits from a strategic location near I-696 and I-75, less than one mile from Downtown Ferndale. The property's APN is 25-35-101-004-01. This multi-tenant property offers a blend of immediate income and long-term growth potential. The building's features and location make it an ideal investment for a diverse range of businesses.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.122
- Latitude
- 42.4609
