345 9th Mile Rd Ferndale, MI 48220-1719
Property profile & analytics
345 9th Mile Rd Ferndale, MI 48220-1719
- Turn key restaurants
- 9,249 SF
- 0.55 lot acres
Property ID
US43-1146843
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 345 9th Mile Rd
- Year built
- 1950
- Lot size
- 0.55 lot acres
- Property size
- 9,249 SF
- Zone code
- ME
- Property type
- Turn key restaurants
- APN
- 24-25-27-454-037
- APU
- 242527454037
Description
This exceptional 11,028 square foot mixed-use property, located at 345 E Nine Mile Rd in Ferndale, Michigan, presents a unique investment opportunity. Built in 1950 and extensively renovated in 2016, this two-story building boasts a prime corner location within a thriving redevelopment area. The property is zoned CBD (Central Business District) and includes 27 parking spaces on a 0.55-acre lot. The versatile space currently functions as a vacant restaurant/bar with a separate music venue, offering significant potential for various uses. The sale includes existing furniture, fixtures, and equipment. Interested parties should contact the City of Ferndale directly for details regarding the liquor license transfer. The property's strategic location, coupled with its recent renovations and ample parking, makes it an ideal investment for savvy entrepreneurs seeking a high-visibility location in a rapidly growing area. The property's APN is 25-27-454-037. This is a rare opportunity to acquire a substantial mixed-use property in a highly desirable location within Oakland County, Michigan, zip code 48220. The surrounding area features new loft condos, office spaces, and retail establishments, ensuring a vibrant and growing customer base.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $650,000
- ML approach
- $650,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $845,000 Current use
- COMMERCIAL (GENERAL)
- $845,000 Change: +0% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $700,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1306
- Latitude
- 42.461
- 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
$44,286
$0.00
$0.00
$952,780
-
$0.00
$0.00
$1,905,560
