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    OFF-MARKET
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Nmp Properties II LLC
    Nmp Properties II LLC
    since 2025
    5 recorded transactions
    2025
    2024
    2019
    2019
    1969
    Zoning & alternative use
    BI · Ferndale, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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