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Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Office buildings

130 9th Mile Rd Ferndale, MI 48220-3728

12,160 SF 0.26 ac lot Built 1923
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1693058
Property summary
AI-generated overview

This stunning 18,699 square foot Class A office building, located in the heart of Ferndale, Michigan's vibrant CBD, presents a unique blend of historic charm and modern functionality. Originally constructed in 1915 and extensively renovated in 2006, this three-story building boasts exquisite details including Pewabic tile, exposed brick, and original oak flooring. The property features a striking three-story glass atrium, bathing the interior in natural light. Each floor includes a dedicated conference room, and amenities extend to a fitness center complete with lockers and showers, a large kitchen and dining area, and a third-floor outdoor terrace overlooking the downtown area. Two gas fireplaces add to the building's unique character. The building offers a variety of office sizes and types, making it suitable for a single user or multiple tenants. Its prime location offers easy access to restaurants, shops, and bike rentals, and an adjacent city parking lot provides reserved spaces for added convenience. The asking price for this exceptional property is $4,500,000. The 0.31-acre lot provides ample space and potential. This is a truly exceptional opportunity to acquire a landmark property in a thriving Michigan community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Total area 12,160 SF
Lot 0.26 ac (11,326 SF)
Zoning code BI
APN 24-25-34-127-012
UPID US43-1693058
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.24M
Owner & transaction history
City Of Ferndale · 16 yrs held
City Of Ferndale
since 2009
6 recorded transactions
2025
Price N/A
2020
Price N/A
2018
Price N/A
2009
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Print Preview
Top alternative use upside
Commercial (general) $1.1M +48.1%
Restaurant $1.1M +48.0%
Neighborhood: shopping center $920,000 +22.9%
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