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For Sale

Ferndale Retail / Flex Space (Sale or Lease)

523 West Nine Mile Road,
Ferndale, MI 48220

Asset Snapshot

1930
Year Built

Offering Summary

Investment Overview

An investment opportunity in the heart of downtown Ferndale, MI offers a coveted location with visibility and accessibility. Features a 3,574 SF building with 2 units, offering versatility and potential for retail or street retail ventures. Zoned CBD, it is ideally positioned for a wide range of commercial uses, maximizing its investment potential.


Investment Highlights

  • Available for Sale or Lease
  • Competitive Pricing Offered Below Replacement Cost
  • Prime Downtown Location on W 9 Mile Road
  • Excellent Visibility and Steady Foot Traffic
  • Walkable Area Steps from Dining, Entertainment, and Established Neighborhoods
  • 3,574 SF Building Suitable for Retail, Office, or Mixed-Use
  • Rare On-Site Parking with 8 Surface Spaces
  • Value-Add Opportunity
  • Repositioning or Market-Rate Leasing Potential
  • Multi-Tenant Potential with Two Addresses 517 and 523 for Dual Occupancy or Multiple Income Streams
  • Strong Local Demographics with 381,572 PPL and $87,608 Avg. HHI Within 5 Miles
  • CBD Zoning Supporting a Wide Range of Uses
  • 0.5 Mile East of Woodward Avenue
  • One 10’ x 10’ Overhead Door

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Listing Syndicated From

Buildout
For Sale
$540,000
Asking Price