22757 Woodward Ave Ferndale, MI 48220
Property profile & analytics
22757 Woodward Ave Ferndale, MI 48220
- Retail space
- 9,532 SF
- 0.14 lot acres
Property ID
US43-1602224
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
- Retail space
Property Details for 22757 Woodward Ave
- Year built
- 1926
- Lot size
- 0.14 lot acres
- Property size
- 9,532 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- 24-25-34-126-017
- APU
- 242534126017
Description
This exceptional 10,000 square foot retail property, located at the highly visible corner of Woodward Avenue and 9 Mile Road in Ferndale, Michigan, presents a unique investment opportunity. Situated on a 0.14-acre lot, this two-story, Class B building, constructed in 1926, boasts a prominent presence with 47,000 vehicles passing daily on Woodward Avenue. The property is professionally managed and meticulously maintained, having received awards for its façade improvements and restoration. Currently, 4,228 square feet of space is available, divisible into units as small as 1,061 square feet and up to a contiguous 4,228 square feet. The building features one suite and previously housed a nightclub, leaving behind three built-out bars, a garage door, a patio zone service window, existing signage on Woodward Avenue, and other valuable fixtures ideal for similar uses. A liquor license, including endorsements for extended hours, dance/entertainment, and Sunday sales, is available for purchase separately. Abundant municipal parking is conveniently located nearby. The property is zoned for Central Business District use and is situated in a thriving area alongside established businesses such as Jim Shaffer and Associates and Woodward Market Convenience Store. The property's versatile layout allows for adaptation to various retail or office uses. The Oakland County property (APN 2534126017) offers a compelling combination of location, history, and potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,238,000
- AI Estimate
- $2,238,000
Market price range: $977k - $2.25MMarket price range: $977k - $2.25M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,680,000 Current use
- COMMERCIAL (GENERAL)
- $1,680,000 Change: -0% Conversion: Easy
- RESTAURANT
- $1,650,000 Change: -2% Conversion: Easy
- MEDICAL BUILDING
- $1,505,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.135
- Latitude
- 42.4604
- 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
$27,770
$0.00
$0.00
$831,980
-
$0.00
$0.00
$1,663,960
