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23478040
23478039

22757 Woodward Ave, Ferndale, MI 48220

JD
MI 6501368863
Pilot Property Group
AR
MI 6502425251
Pilot Property Group
Listed by Pilot Property Group
$3,100,000
379 days on market
Updated 49 days ago
Opportunity zone

22757 Woodward Ave

Details
APN 2534126017
Property Type Office, Retail
Sub Type Bar, Executive Office (+1)
Square Footage 12,433
Net Rentable (SqFt) 12,433
Units 17
Occupancy 80%
Tenancy Multi
Lease Type NNN
Price per SqFt $249
Broker Co-Op No
Class C
Year Built 1926
Buildings 1
Stories 2
Acreage 0.140
Zoning Central Business District
Investment Type Value Add
Ownership Private

One of Metro Detroit’s Most Prominent Corners- 9 Mile and Woodward | 12,433 SF

Marketing description

This property features a fully leased second floor occupied by professional office tenants.

The ground floor includes two established retail tenants: Jim Shaeffer and Associates and Woodward Market Convenience Store. In addition, a white-box unit (1,061 SF) on the ground floor presents an excellent leasing or redevelopment opportunity. This space can potentially be combined with the former Grasshopper Underground, a well known entertainment venue. The former venue includes a main floor service bar and a finished lower level with two service bars, restrooms, office space, storage, and elevator access -making it well-suited for a variety of hospitality or event-based uses.

A notable value-add component is the proposed rooftop patio. Completing this feature would further elevate the property, creating a one-of-a-kind entertainment or dining destination that capitalizes on Ferndale’s lively atmosphere and strong market demand. A Class C liquor license - with extended hours, dance/entertainment endorsements, and Sunday sales - is available for purchase separately from the real estate, offering additional flexibility and revenue potential for the next operator or investor.

Investment highlights

  • Extremely rare opportunity to acquire one of Metro Detroit’s most prominent corners- 9 Mile and Woodward
  • Existing vacancy in the property caters to an owner/occupant looking for unmatched exposure, curb appeal, and built-in rental income
  • Pristinely maintained and award-winning property - Woodward Avenue Action Association for façade improvements and restoration
  • Income generating rooftop billboard
  • The current vacancy is a previous nightclub operation. Class C Liquor License with extended hours, dance/entertainment, and Sunday sales endorsements can be purchased separately from the real estate transaction along with personal property and business name - Grasshopper Underground

Listing Contacts

JD
MI 6501368863
Pilot Property Group
AR
MI 6502425251
Pilot Property Group
Listed by Pilot Property Group

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