850 9 Mile Rd, Ferndale, MI 48220
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.