Property profile & analytics
22100 Woodward Ave Ferndale, MI 48220-1813
- Retail space
- 4,159 SF
- 0.11 lot acres
OFF-MARKET
Last Sale
Apr 09, 2025
Apr 09, 2025
$725,000
Value Estimations
$700,000
Show details
Cap Rate Potential
6.8%
Retail space
Location Intelligence
Property ID
US43-5251884
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Retail space
Property Details for 22100 Woodward Ave
- Year built
- 1927
- Lot size
- 0.11 lot acres
- Property size
- 4,159 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- 24-25-34-254-007
- APU
- 242534254007
Description
This exceptional office space, located at 22100 Woodward Avenue in Ferndale, Michigan, offers a prime opportunity for businesses seeking a traditional office environment. The property is a multi-tenant building with a total of 5,400 square feet, and currently has 4,100 square feet immediately available for lease. Situated in Oakland County, this location provides easy access to major transportation routes and amenities. The building's traditional office design offers a professional and functional workspace. The available space is ideal for a variety of businesses, providing ample room for growth and expansion. The address is conveniently located at 22100 Woodward Avenue, Ferndale, MI 48220. Interested parties should inquire about lease terms, including the first month's rent and security deposit. This is a fantastic opportunity to secure a well-located, spacious office in a thriving community. The property is classified as a traditional office building and is part of a multi-tenant occupancy. The building's size and layout offer a comfortable and productive work environment. Don't miss out on this chance to establish your business in this desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $660,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $745,000
- 6.5%
- $690,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $576,000
- AI Estimate
- $576,000
Market price range: $426k - $983kMarket price range: $426k - $983k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $735,000 Current use
- COMMERCIAL (GENERAL)
- $735,000 Change: -0% Conversion: Easy
- MEDICAL BUILDING
- $655,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1305
- Latitude
- 42.4555
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,430
$0.00
$0.00
$214,260
-
$0.00
$0.00
$428,520
