Prime Business Location on Woodward at Epicenter of Ferndale

22840 Woodward Ave Ferndale, MI 48220

22840 Woodward Ave, Ferndale, MI, 48220
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FOR LEASE
Property Type:
Multi Tenant Office
Last Verified:
Aug 18, 2022

Highlights

  • Two floors are available within a 14,700 SF building
  • Attractive layout - kitchenette and conference room on both floors
  • Great window line and signage
  • Great location in the epicenter of Ferndale
  • Walkable downtown area
  • 45,000+ vehicles per day

Description

This 14,700 SF two-story office building is located on Woodward Avenue just 200 feet north of 9 Mile Rd, in the Epicenter of Ferndale! The interior of the property has numerous amenities and desirable features to support thriving business operations. Each floor features a large open area with a kitchenette and lounge/sitting area, private offices, a conference room, and two restrooms. The property sees daily traffic counts of 45,000 vehicles per day and is located in between some of Ferndale's most popular restaurants and entertainment venues.

This office building is located directly on the highly-desirable Woodward Avenue in Ferndale's thriving Central Business District. The building is conveniently located in between two of Ferndale's most popular restaurants and is within walking distance to several retail stores, restaurants, and bars. Ferndale is a suburb of Detroit with a population of over 20,000 and is recognized as one of the best places in Michigan to live, shop, and do business. Ferndale is part of the Royal Oak submarket of the Detroit Market.


Year Built: 1953
Building Size: 14700sq ft
Building Class: B
Lot Size: 0.67 acres

Units for Lease

First Floor
Space Available: 7350 SF
Lease Type: NNN

Price Per Sqft/Month: $18.50
Second Floor
Space Available: 7350 SF
Lease Type: NNN

Price Per Sqft/Month: $18.50

Map of 22840 Woodward Ave, Ferndale, MI, 48220

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.