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Property profile & analytics
OFF-MARKET Estimated value $820,000
Office buildings

22007 Woodward Ave Ferndale, MI 48220-2983

7,892 SF 0.19 ac lot Built 1940
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US43-1222811
Property summary
AI-generated overview

This exceptional mixed-use property, located at 22007 Woodward Avenue in Ferndale, Michigan (zip code 48220), offers nearly 9,000 square feet of versatile office space. Ideal for creative or traditional office uses, this building is beautifully maintained and boasts a highly visible location on the iconic Woodward Avenue. The property features multiple private offices, collaborative workspaces, and a welcoming reception area. Amenities include a modern kitchen and recreation space, a unique loft area perfect for meetings or brainstorming, fully appointed restrooms, efficient climate control (AC and forced-air heating), and multiple private entrances. The thoughtfully renovated interior combines modern elegance with practical design, offering unmatched versatility to accommodate various business needs and configurations, from private offices to open-plan workstations. This expansive space allows for significant scalability and potential subleasing opportunities. The property's prime location within Ferndale's thriving business district provides easy access to clients, talent, and a vibrant community. The asking price for this exceptional opportunity is $1,475,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 7,892 SF
Lot 0.19 ac (8,276 SF)
Zoning code BI
APN 24-25-34-251-014
UPID US43-1222811
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
$973k
Blend (final) Blend
$820k
Owner & transaction history
Woodward Movement Llcc · 12 yrs held
Woodward Movement Llcc
since 2014
7 recorded transactions
2019
Price N/A
2014
$260,000
2013
$224,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +47.6%
Medical building $1.2M +34.6%
Auto repair, garage $965,000 +4.5%
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