22824 Woodward Ave, Ferndale, MI 48220-1735
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Ferndale, MIFerndale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.