Ferndale, MI Restaurants for Sale

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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

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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

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 74 Potential Opportunities for your consideration. Besides 2 Active listings in Ferndale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

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.

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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.

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Nightclub with Cabaret License

13109 W Eight Mile Road, Detroit, MI 48235

$750,000

3,800 sqft 0.25 AC lot

Established entertainment venue with food service, bar operations, updated kitchen equipment, and on-site parking.

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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.

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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.

Commercial Land Parcel

15738 LIVERNOIS Avenue, Detroit, MI 48238

$65,000

0.05 AC lot

Vacant commercial parcel with public water service.

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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.

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Vacant Commercial Lot

11618 LIVERNOIS Avenue, Detroit, MI 48204

Contact for pricing

0.03 AC lot

Vacant commercial lot with Commercial zoning and public water service.

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Commercial Vacant Lot

11614 LIVERNOIS Avenue, Detroit, MI 48204

Contact for pricing

0.03 AC lot

Small development site with commercial zoning and public water availability.

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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.

BAR, TAVERN

22824 Woodward Ave, Ferndale, MI 48220-1735

Estimated value:

$210,000

1,399 sqft 0.06 AC lot

View details

BAR, TAVERN

140 Vester St, Ferndale, MI 48220-1712

Estimated value:

$480,000

2,410 sqft 0.20 AC lot

View details

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

RESTAURANT

21468 Woodward Ave, Ferndale, MI 48220-2544

Estimated value:

$310,000

2,423 sqft 0.34 AC lot

View details

BAR, TAVERN

2140 Hilton Rd, Ferndale, MI 48220-1542

Estimated value:

$285,000

3,150 sqft 0.25 AC lot

View details

RESTAURANT

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

Estimated value:

$350,000

5,422 sqft 0.16 AC lot

View details

RESTAURANT

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

Estimated value:

$1,095,000

8,400 sqft 0.23 AC lot

View details

RESTAURANT

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

Estimated value:

$650,000

9,249 sqft 0.55 AC lot

View details

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

BAR, TAVERN

177 Vester St, Ferndale, MI 48220-1711

Estimated value:

$260,000

4,731 sqft 0.15 AC lot

View details

RESTAURANT

23140 Woodward Ave, Ferndale, MI 48220-1341

Estimated value:

$285,000

4,656 sqft 0.17 AC lot

View details

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

BAR, TAVERN

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

Estimated value:

$630,000

4,563 sqft 0.16 AC lot

View details

BAR, TAVERN

22626 Woodward Ave, Ferndale, MI 48220-1810

Estimated value:

$250,000

3,594 sqft 0.12 AC lot

View details

BAR, TAVERN

22726 Woodward Ave, Ferndale, MI 48220-1734

Estimated value:

$255,000

2,565 sqft 0.07 AC lot

View details

RESTAURANT

22736 Woodward Ave, Ferndale, MI 48220-1734

Estimated value:

$880,000

3,540 sqft 0.08 AC lot

View details

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

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

RESTAURANT

3150 Hilton Rd, Ferndale, MI 48220-1039

Estimated value:

$110,000

800 sqft 0.04 AC lot

View details

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

RESTAURANT

23421 Woodward Ave, Ferndale, MI 48220-1343

Estimated value:

$740,000

2,852 sqft 0.19 AC lot

View details

RESTAURANT

23136 Woodward Ave, Ferndale, MI 48220-1341

Estimated value:

$270,000

1,004 sqft 0.06 AC lot

View details

Ferndale, MI Restaurants Market Trends and Statistics

Explore 66 restaurants for sale in Ferndale, MI 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 $2,840,000.

Sale prices for restaurant properties in Ferndale, MI start at $950,000, averaging $1,420,000, 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

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	$1.4M

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)

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Ferndale, MI Restaurants for Sale

545 W Nine Mile Rd, Ferndale, MI 48220

345 E 9 Mile Rd, Ferndale, MI 48220

Opportunities in Nearby Cities

444 Oakland Ave, Royal Oak, MI 48067

1234 South Main Street, Royal Oak, MI 48067

13109 W Eight Mile Road, Detroit, MI 48235

7514 Seven Mile E, Detroit, MI 48234

Potential Development Sites for Consideration

15738 LIVERNOIS Avenue, Detroit, MI 48238

12945 PURITAN Street, Detroit, MI 48227

11618 LIVERNOIS Avenue, Detroit, MI 48204

11614 LIVERNOIS Avenue, Detroit, MI 48204

Off-Market Properties in Ferndale, MI

22824 Woodward Ave, Ferndale, MI 48220-1735

140 Vester St, Ferndale, MI 48220-1712

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

21468 Woodward Ave, Ferndale, MI 48220-2544

2140 Hilton Rd, Ferndale, MI 48220-1542

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

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

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

22230 Woodward Ave, Ferndale, MI 48220-1815

177 Vester St, Ferndale, MI 48220-1711

23140 Woodward Ave, Ferndale, MI 48220-1341

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

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

22626 Woodward Ave, Ferndale, MI 48220-1810

22726 Woodward Ave, Ferndale, MI 48220-1734

22736 Woodward Ave, Ferndale, MI 48220-1734

22451 Woodward Ave, Ferndale, MI 48220-1818

2525 Hilton Rd, Ferndale, MI 48220-1543

3150 Hilton Rd, Ferndale, MI 48220-1039

22132 Woodward Ave, Ferndale, MI 48220-1813

23421 Woodward Ave, Ferndale, MI 48220-1343

23136 Woodward Ave, Ferndale, MI 48220-1341

Ferndale, MI Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

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