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    OFF-MARKET
    Warehouses

    850 9 Mile Rd, Ferndale, MI 48220

    22,552 SF 0.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Total area 22,552 SF
    Lot 0.75 ac (32,670 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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