This 14,700 SF two-story office building is located on Woodward Avenue just 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 and is large enough for social distancing measures. 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 57,000 vehicles per day and is located in between some of Ferndale's most popular restaurants and entertainment venues.
The 0.67-acre 24-hour parking lot is conveniently located right off of Vester Ave in Ferndale. The lot is an excellent investment opportunity as it produces a net monthly income of $14,000. This property can be developed with a three-story structure under current zoning. Financial details will be provided to qualified buyers.
Two-story 14,700 SF office building investment & 0.67-acre parking lot
Attractive offices w/ kitchenette on both floors
Ample office environment allows for social distancing
Located just 200 ft north of 9 Mile & Woodward - the epicenter of Ferndale!
57,000+ Vehicles per day
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
|Population Median Age||39||39||39|
|Population by Age||0-9 Yrs||1195 (7%)||14498 (9%)||44727 (11%)|
|10-19 Yrs||912 (5%)||15976 (10%)||44709 (11%)|
|20-29 Yrs||3852 (22%)||25893 (17%)||63461 (16%)|
|30-39 Yrs||3843 (22%)||23450 (15%)||54477 (13%)|
|40-49 Yrs||1996 (11%)||18351 (12%)||48464 (12%)|
|50-59 Yrs||2407 (14%)||19784 (13%)||51929 (13%)|
|60-69 Yrs||1554 (9%)||16612 (11%)||44902 (11%)|
|70+ Yrs||1180 (6%)||14282 (9%)||41454 (10%)|
|Median HH Income||$76,425||$56,460||$48,916|
|Total Household Income||< 24K||1116 (13%)||15031 (22%)||44254 (26%)|
|25-49K||1533 (18%)||14755 (22%)||39508 (23%)|
|50-74K||1488 (17%)||10944 (16%)||28646 (17%)|
|75-99K||1505 (17%)||8542 (12%)||18593 (11%)|
|100-199K||2355 (27%)||12939 (19%)||27505 (16%)|
|200K+||448 (5%)||3545 (5%)||6153 (3%)|
|Highest Education Level||No Diploma||532||8804||29600|
|Diploma or GED||1883||24497||75135|
|Total Housing Units||9,025||74,427||195,612|
|Owner-Occupied Values||< 100K||707||15293||42555|
|Total Working Age Population||15,134||124,683||322,559|
|In Work Force||12,106||83,616||200,522|
|Not In Work Force||3,028||41,067||122,037|
|Single Male w/Child||87||1,276||3,300|
|Single Female w/Child||135||4,157||13,950|
Population Change Last Two Decades - Plus Projection
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