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Property profile & analytics
OFF-MARKET Estimated value $210,000
Bars & Pubs

22824 Woodward Ave Ferndale, MI 48220-1735

1,399 SF 0.06 ac lot Built 1930
Entity Owned Free & Clear
Property ID
US43-1647781
Property summary
AI-generated overview

This exceptional retail property, located at 22824 Woodward Avenue in Ferndale, Michigan, offers a fantastic opportunity for a discerning business owner. The property boasts a total of 1,399 square feet of space, ideal for a variety of retail uses. Currently configured as a single-tenant space, this property presents a blank canvas for your vision. The building is situated in Oakland County, within the vibrant city of Ferndale, and benefits from a highly visible location on Woodward Avenue. The property's address is 22824 Woodward Ave, Ferndale, MI 48220. The zip code is 48220. Geographic coordinates are 42.460943 latitude and -83.1342623 longitude. The property type is retail, with a single tenancy. While the listing indicates 1,640 square feet as vacant, this may be a discrepancy and should be verified independently. The current lease agreement has a five-year term. This property presents a unique opportunity to establish or expand your business in a thriving and highly desirable location. Further details regarding the property's condition and potential lease terms are available upon request. Serious inquiries only.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1930
Total area 1,399 SF
Lot 0.06 ac (2,614 SF)
Zoning code BI
APN 24-25-27-382-006
UPID US43-1647781
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
by Request
Blend (final) Blend
$210k
Owner & transaction history
Nmp Properties II LLC
Nmp Properties II LLC
since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2019
Price N/A
2019
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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