You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Office buildings

22720 Woodward Ave Ferndale, MI 48220

16,111 SF 0.19 ac lot Built 1954
Individually Owned ~ Est. High Equity
Property ID
US43-1801261
Property summary
AI-generated overview

This exceptional mixed-use property at 22720 Woodward Avenue in Ferndale, Michigan offers 7,985 square feet of retail and office space, ideally situated in the Royal Oak Vicinity submarket within Oakland County. The building features five individual suites, perfect for businesses seeking flexible space options. Currently, 3,040 square feet are available for lease, with individual suites ranging from a minimum of 520 square feet to a maximum contiguous space of 960 square feet. The property is zoned CBD, providing excellent access to amenities and high visibility. Tenancy is multiple, allowing for a diverse range of businesses to coexist. While on-site parking is not provided, ample city parking is readily available. The building includes elevators for convenient access to all floors. This location offers a unique opportunity for businesses seeking a vibrant and accessible location in the heart of Ferndale, with easy access to Woodward Avenue and its bustling commercial activity. The property's mixed-use zoning allows for a variety of business types, making it an ideal location for a range of commercial enterprises. Inquire today to learn more about leasing opportunities within this dynamic and well-located building. The zip code is 48220.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1954
Total area 16,111 SF
Lot 0.19 ac (8,276 SF)
Zoning code BI
APN 24-25-34-127-009
UPID US43-1801261
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
$1.64M
Blend (final) Blend
$380k
Owner & transaction history
Laurence G Wolf
Laurence G Wolf
2 recorded transactions
1969
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) $1.5M +48.1%
Restaurant $1.5M +48.0%
Neighborhood: shopping center $1.2M +22.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message