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    Property profile & analytics

    23525 Woodward Ave Ferndale, MI 48220-1345

    • Retail space
    • 4,100 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 19, 2023
    Location Intelligence
    Property ID
    US43-1670284
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 23525 Woodward Ave

    Year built
    1929
    Lot size
    0.09 lot acres
    Property size
    4,100 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    24-25-27-301-037
    APU
    242527301037

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1397
    Latitude
    42.4672
    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
    $14,484
    $0.00
    $0.00
    $210,810
    -
    $0.00
    $0.00
    $421,620

    Comparable in this City

    • Value Estimation by Request
      13,133 SF

      23000 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,133 SF
      23000 Woodward Ave, Ferndale, MI 48220-1340
      View Details
    • Value Estimation by Request
      2,644 SF

      1805 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,644 SF
      1805 9th Mile Rd, Ferndale, MI 48220-2063
      View Details
    • Value Estimation by Request
      1,560 SF

      914 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      914 9th Mile Rd, Ferndale, MI 48220-1222
      View Details
    • Value Estimation by Request
      1,050 SF

      466 8th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      466 8th Mile Rd, Ferndale, MI 48220-3221
      View Details
    • Value Estimation by Request
      5,186 SF

      914 Livernois St

      RETAIL STORES (PERSONAL SERVICES) • 5,186 SF
      914 Livernois St, Ferndale, MI 48220-2327
      View Details
    • Value Estimation by Request
      3,390 SF

      22935 Woodward Ave

      Individual retail properties • 3,390 SF
      22935 Woodward Ave, Ferndale, MI 48220
      View Details

    Similar Nearby for Sale

    • $295,000
      1,710 SF

      Renovated Office/Retail Space in Ferndale

      Recently renovated office/retail space with dedicated parking and highway access.
      1915 E 9 Mile Rd, Ferndale, MI 48220
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    • $925,000
      3,186 SF

      Mixed-Use Property in Ferndale, MI

      Multi-unit property with mixed-use zoning in a spirited neighborhood.
      695 Livernois St, Ferndale, MI 48220
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    • $475,000
      2,644 SF

      Freestanding Retail Building in Ferndale

      2,644 SF retail building on 0.19-acre lot near downtown.
      1805 E 9 Mile Rd, Ferndale, MI 48220
      View Details
    • $1,150,000
      7,206 SF

      Retail Property in Ferndale, MI

      Retail property available for sale in Ferndale, Michigan.
      22061 Woodward Ave, Ferndale, MI 48220
      View Details
    • $1,100,000
      7,000 SF

      Ferndale Retail Investment Opportunity

      Woodward Ave Retail Space - High Traffic
      22061 Woodward Ave, Ferndale, MI 48220
      View Details
    • $1,890,000
      11,028 SF

      Prime Ferndale Mixed-Use Property

      11,028 SF Restaurant/Bar/Office - $1.89M
      345 Nine Mile Rd, Ferndale, MI 48220
      View Details

    Similar Nearby for Lease

    • $3,700 /Mo

      Downtown Ferndale Retail/Office Space

      Prime location in downtown Ferndale, ideal for retail or office.
      23059 Woodward Ave, Ferndale, MI 48220
      View Details
    • $28 SF/Yr
      1,354 SF

      Turnkey Bakery Space on Woodward

      Bakery space for sublease with equipment included and ample parking.
      23123-23141 Woodward Ave, Ferndale, MI 48220
      View Details
    • $14 SF/Yr
      1,850 SF

      Retail Space in Shopping Center

      Retail space available within a neighborhood shopping center.
      14301-14311 Livernois St, Detroit, MI 48220
      View Details
    • $14 SF/Yr
      26,645 SF

      Ferndale Center Retail Space Available

      Prime Ferndale retail space, multiple units.
      22304 Woodward Ave, Ferndale, MI 48220
      View Details
    • $28 SF/Yr
      1,399 SF

      Downtown Ferndale Bar/Restaurant Space

      Bar/restaurant space with a liquor license in downtown Ferndale.
      22824 Woodward Ave, Ferndale, MI 48220
      View Details
    • $16 SF/Yr
      52,703 SF

      Royal Town Center Retail Space

      Prime Royal Oak Retail Opportunity.
      8888 8 Mile Rd, Ferndale, MI 48220
      View Details
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    Ferndale, MI 48220-1345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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