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Mixed-Use

Rose Frame Shop

22940 Woodward Ave, Ferndale, MI 48220

Listing Price: $799,000

Cap Rate
0.13%
Number of Units
2
Price/Unit
$399,500
Price/Gross SF
$178.35
Gross SF
4,480

Investment Overview

Marcus & Millichap is pleased to exclusive listing on 22940 Woodward Avenue, a mixed-use retail and multifamily development in Ferndale, Michigan. This building consist of two multifamily units at
roughly 1,000 square feet and the former Rose Frame shop located on the ground floor at roughly 2,200 square feet. This opportunity is ideal for a value-add investor looking to lease out soon
to be vacant retail portion of the building, or backfill the space with their business while enjoying the rental income from the two upper multifamily units.

Ideally located on Woodward, just north of the iconic intersection of Woodward & Nine, Downtown Ferndale is a geographic designation, a favorite destination and a mindset that embraces the
diversity of culture, class and creativity. Within its 3.9 linear miles encompassing Nine Mile Road from Paxton to Pinecrest and Woodward from Marshall to Oakridge, are 350+ businesses, most
owned and operated by inspired entrepreneurs, driven by a personal passion to deliver goods and services in engagingly unique ways. Additionally, Rose Frame shops close proximity to I-696, which
connects all major expressways; and I-75 being only a few miles east, this location is truly at the center of the tri-county area.

Investment Highlights

  • Superb Location
  • True Value-Add
  • On-Site Parking

Exclusively Listed By

Listing Price: $799,000

Cap Rate
0.13%
Number of Units
2
Price/Unit
$399,500
Price/Gross SF
$178.35
Gross SF
4,480

Investment Highlights

  • Superb Location
  • True Value-Add
  • On-Site Parking

Investment Overview

Marcus & Millichap is pleased to exclusive listing on 22940 Woodward Avenue, a mixed-use retail and multifamily development in Ferndale, Michigan. This building consist of two multifamily units at
roughly 1,000 square feet and the former Rose Frame shop located on the ground floor at roughly 2,200 square feet. This opportunity is ideal for a value-add investor looking to lease out soon
to be vacant retail portion of the building, or backfill the space with their business while enjoying the rental income from the two upper multifamily units.

Ideally located on Woodward, just north of the iconic intersection of Woodward & Nine, Downtown Ferndale is a geographic designation, a favorite destination and a mindset that embraces the
diversity of culture, class and creativity. Within its 3.9 linear miles encompassing Nine Mile Road from Paxton to Pinecrest and Woodward from Marshall to Oakridge, are 350+ businesses, most
owned and operated by inspired entrepreneurs, driven by a personal passion to deliver goods and services in engagingly unique ways. Additionally, Rose Frame shops close proximity to I-696, which
connects all major expressways; and I-75 being only a few miles east, this location is truly at the center of the tri-county area.

Exclusively Listed By

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