22304 Woodward Ave Ferndale, MI 48220
Property profile & analytics
22304 Woodward Ave Ferndale, MI 48220
- Super regional malls
- 26,129 SF
- 0.76 lot acres
Property ID
US43-0113646
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.
Location Intelligence
Current Use by Public Records
- Super regional malls
Property Details for 22304 Woodward Ave
- Year built
- 1926
- Lot size
- 0.76 lot acres
- Property size
- 26,129 SF
- Zone code
- BI
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 24-25-34-205-048
- APU
- 242534205048
Description
Ferndale Center offers exceptional retail opportunities in a vibrant Detroit location. This multi-tenant property boasts a total of 26,645 square feet, with two immediately available spaces totaling 15,245 square feet. One space comprises 10,945 square feet, previously occupied by a Rite Aid, presenting a significant opportunity for a large-scale retailer or adaptable tenant. A second, 4,300-square-foot space is available on the second floor, ideal for a variety of uses. The property's strategic location offers unparalleled access to a thriving customer base, situated minutes from the new 350,000-square-foot Meijer-anchored Gateway Marketplace retail development. Further enhancing its appeal are nearby popular destinations such as the Woodward Avenue Brewery, The Rust Belt Market, and The Emory. This prime location ensures high visibility and foot traffic. A significant advantage is the inclusion of four dedicated parking areas for tenants—a rare and highly desirable feature along the Woodward Corridor. The property also features two billboards, providing excellent opportunities for advertising and brand visibility. This is a unique opportunity to establish a presence in a dynamic and rapidly growing area of Detroit. Contact us today to learn more about leasing options and explore the potential of this exceptional retail property.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,383,000
- AI Estimate
- $1,595,000
Market price range: $906k - $2.38MMarket price range: $785k - $1.60M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,980,000 Current use
- COMMERCIAL (GENERAL)
- $2,385,000 Change: +21% Conversion: Easy
- RESTAURANT
- $2,385,000 Change: +20% Conversion: Difficult
- MEDICAL BUILDING
- $1,645,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $1,610,000 Change: -19% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,585,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1316
- Latitude
- 42.4572
- 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
$72,289
$0.00
$0.00
$1,525,620
-
$0.00
$0.00
$3,051,240
