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    Ferndale, MI Restaurants for Sale

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    Ferndale Restaurant Investment Opportunity
    Updated: Mar 27
    Ferndale Restaurant Investment Opportunity

    545 W Nine Mile Rd, Ferndale, MI 48220

    $950,000
    4,501 sqft
    Prime location in the heart of Ferndale
    Rare on‑site parking with a dedicated 21 car parking lot
    Investment opportunity with immediate income
    Existing restaurant tenant in place, willing to remain through June 2027
    Excellent building signage with strong main road visibility
    View details
    Vacant Bar and Restaurant with Venue
    Updated: Oct 24, 2024
    Vacant Bar and Restaurant with Venue

    345 E 9 Mile Rd, Ferndale, MI 48220

    $1,890,000
    11,028 sqft
    Vacant bar/restaurant with a separate music venue
    Year built: 1950
    Located east of Woodward Ave on the north side of E Nine Mile Rd
    Corner location in a redevelopment area with new loft condos, office, and retail
    Sale includes furniture, fixtures & equipment
    View details
    Diner Building
    Diner Building

    1861 E 9 Mile Rd, Ferndale, MI 48220

    $299,900

    The restaurant business and equipment may be negotiated separately from the building.

    View details
    See hot listings in Ferndale

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    3 active listings match your search: Restaurant for sale in Ferndale, MI. Based on your search, we've also compiled 72 Potential Opportunities for your consideration: 4 properties in nearby cities, 64 off-market properties to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Restaurant with Commercial Kitchen
    Renovated Restaurant with Commercial Kitchen

    19163 Livernois Ave, Detroit, MI 48221

    Contact for pricing
    1,862 sqft

    B3 zoning and included kitchen equipment support restaurant use.

    View details
    Equipped Conventional Restaurant
    Equipped Conventional Restaurant

    444 Oakland Ave, Royal Oak, MI 48067

    $60,000
    2,000 sqft

    Arabic restaurant business in a plaza on a main road, with kitchen equipment included.

    View details
    Renovated Breakfast Diner
    Renovated Breakfast Diner

    1234 South Main Street, Royal Oak, MI 48067

    Contact for pricing
    1,800 sqft

    Updated restaurant space with an established kitchen, counter service area, and dining buildout.

    View details
    Freestanding Building on Seven Mile
    Freestanding Building on Seven Mile

    7514 Seven Mile E, Detroit, MI 48234

    Contact for pricing
    4,110 sqft

    Freestanding building with open concept, ideal for restaurant/event space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detroit Land For Sale
    Detroit Land For Sale

    12945 PURITAN Street, Detroit, MI 48227

    Contact for pricing
    0.10 AC lot

    Commercial land available in Detroit, suitable for infill development.

    View details
    Commercial Infill Land
    Commercial Infill Land

    9804 DEXTER Avenue, Detroit, MI 48206

    Contact for pricing
    0.43 AC lot

    Vacant commercial-zoned parcel near Downtown Detroit with public water service and access to major expressways.

    View details
    Vacant Commercial Lot
    Vacant Commercial Lot

    1317 LAWNDALE Street, Detroit, MI 48209

    Contact for pricing
    0.08 AC lot

    Vacant land with commercial zoning in Detroit, suitable for review under applicable land-use and proposal guidelines.

    View details
    Commercial Land Development Site
    Commercial Land Development Site

    14345 Kercheval Street, Detroit, MI 48215

    $149,999
    0.55 AC lot

    Vacant parcels along Kercheval Avenue offer a sizable commercial development footprint with transit access and exposure at Chalmers Street.

    View details

    Off-Market Properties in Ferndale, MI

    Consider similar Off-Market properties in Ferndale, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    22824 Woodward Ave
    BAR, TAVERN

    22824 Woodward Ave, Ferndale, MI 48220-1735

    Estimated value:
    $210,000
    1,399 sqft 0.06 AC lot
    View details
    140 Vester St
    BAR, TAVERN

    140 Vester St, Ferndale, MI 48220-1712

    Estimated value:
    $480,000
    2,410 sqft 0.20 AC lot
    View details
    900 8th Mile Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    900 8th Mile Rd, Ferndale, MI 48220-2311

    Estimated value:
    $225,000
    1,324 sqft 0.23 AC lot
    View details
    21468 Woodward Ave
    RESTAURANT

    21468 Woodward Ave, Ferndale, MI 48220-2544

    Estimated value:
    $310,000
    2,423 sqft 0.34 AC lot
    View details
    2140 Hilton Rd
    BAR, TAVERN

    2140 Hilton Rd, Ferndale, MI 48220-1542

    Estimated value:
    $285,000
    3,150 sqft 0.25 AC lot
    View details
    344 9th Mile Rd
    RESTAURANT

    344 9th Mile Rd, Ferndale, MI 48220-1761

    Estimated value:
    $350,000
    5,422 sqft 0.16 AC lot
    View details
    231 9th Mile Rd
    RESTAURANT

    231 9th Mile Rd, Ferndale, MI 48220-1789

    Estimated value:
    $1,095,000
    8,400 sqft 0.23 AC lot
    View details
    345 9th Mile Rd
    RESTAURANT

    345 9th Mile Rd, Ferndale, MI 48220-1719

    Estimated value:
    $650,000
    9,249 sqft 0.55 AC lot
    View details
    22230 Woodward Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    22230 Woodward Ave, Ferndale, MI 48220-1815

    Estimated value:
    $555,000
    3,751 sqft 0.76 AC lot
    View details
    177 Vester St
    BAR, TAVERN

    177 Vester St, Ferndale, MI 48220-1711

    Estimated value:
    $260,000
    4,731 sqft 0.15 AC lot
    View details
    23140 Woodward Ave
    RESTAURANT

    23140 Woodward Ave, Ferndale, MI 48220-1341

    Estimated value:
    $285,000
    4,656 sqft 0.17 AC lot
    View details
    8926 8th Mile Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    8926 8th Mile Rd, Ferndale, MI 48220-2263

    Estimated value:
    $170,000
    1,820 sqft 0.46 AC lot
    View details
    141 9th Mile Rd
    BAR, TAVERN

    141 9th Mile Rd, Ferndale, MI 48220-1730

    Estimated value:
    $630,000
    4,563 sqft 0.16 AC lot
    View details
    22626 Woodward Ave
    BAR, TAVERN

    22626 Woodward Ave, Ferndale, MI 48220-1810

    Estimated value:
    $250,000
    3,594 sqft 0.12 AC lot
    View details
    22726 Woodward Ave
    BAR, TAVERN

    22726 Woodward Ave, Ferndale, MI 48220-1734

    Estimated value:
    $255,000
    2,565 sqft 0.07 AC lot
    View details
    22736 Woodward Ave
    RESTAURANT

    22736 Woodward Ave, Ferndale, MI 48220-1734

    Estimated value:
    $880,000
    3,540 sqft 0.08 AC lot
    View details
    22451 Woodward Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    22451 Woodward Ave, Ferndale, MI 48220-1818

    Estimated value:
    $315,000
    2,382 sqft 0.38 AC lot
    View details
    2525 Hilton Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    2525 Hilton Rd, Ferndale, MI 48220-1543

    Estimated value:
    $700,000
    2,304 sqft 0.42 AC lot
    View details
    3150 Hilton Rd
    RESTAURANT

    3150 Hilton Rd, Ferndale, MI 48220-1039

    Estimated value:
    $110,000
    800 sqft 0.04 AC lot
    View details
    22132 Woodward Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    22132 Woodward Ave, Ferndale, MI 48220-1813

    Estimated value:
    $345,000
    2,195 sqft 0.39 AC lot
    View details
    23421 Woodward Ave
    RESTAURANT

    23421 Woodward Ave, Ferndale, MI 48220-1343

    Estimated value:
    $740,000
    2,852 sqft 0.19 AC lot
    View details

    Ferndale, MI Restaurants Market Trends and Statistics

    Explore 67 restaurants for sale in Ferndale, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 15,529 square feet of properties for sale, with an estimated market value of $3,139,900.

    Sale prices for restaurant properties in Ferndale, MI start at $299,900, averaging $1,046,633, and reaching up to $1,890,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 2
    Breakfast & diners 1
    Commercial kitchens 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) -5.7%
    Median Household Income $86,095
    College Educated 72.2%

    High-Yield Neighborhoods for Investment

    Identify Ferndale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48220 $1M

    Taxes & Financing

    Tax Rate (average for all types) 4.51%
    Property Tax per SF $25.33 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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