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    OFF-MARKET
    Warehouses

    2321 Wolcott St, Ferndale, MI 48220-1420

    5,630 SF 0.28 ac lot Built 1960
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0998568
    Property summary
    AI-generated overview

    This exceptional 1,980-square-foot retail space is ideally situated at 2321 Wolcott Street in Ferndale, Michigan, within Oakland County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of businesses. The building's total square footage is 1,980 square feet, offering ample space for retail operations, display, and storage. The property is zoned M-1 Limited Industrial District, providing flexibility for certain commercial uses. Its convenient location in Ferndale offers excellent visibility and accessibility for customers. The address is 2321 Wolcott Street, Ferndale, MI 48220. This property is perfect for a business seeking a well-located, spacious, and immediately available retail space in a thriving Michigan community. The property is easily accessible and benefits from high traffic volume in the area. The single-tenant occupancy ensures complete control and customization of the space to meet specific business needs. Serious inquiries are encouraged to explore this prime retail opportunity. The property is available for lease and offers a blank canvas for a new business venture. This is a unique chance to establish a presence in a dynamic and growing market.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1960
    Total area 5,630 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code II
    APN 24-25-27-430-007
    UPID US43-0998568
    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
    Bagbois LLC · 6 yrs held
    Bagbois LLC
    since 2020
    5 recorded transactions
    2020
    2019
    2016
    2015
    $610,000
    1969
    Zoning & alternative use
    II · Ferndale, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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