Listed by The Jonna Group at Colliers International
$912,000
Former Dye Salon
Details
Property Type Retail
Sub Type Salon
Square Footage 4,340
Year Built 1954, 2022
Acreage 0.280
Zoning MXD-2 (Corridor Mixed-Use)
Parking Spaces 15 spaces
Parking Per SqFt 3.46
Retail | 4,340 SqFt
Marketing description
Ferndale stands out as a premier investment destination in southeast michigan, offering a rare Blend of affordability, cultural vibrancy, and consistent market appreciation. Situated just north Of detroit and neighboring royal oak, ferndale benefits from its strategic location within a High-demand corridor that attracts young professionals, creatives, and entrepreneurs seeking A walkable, community-driven lifestyle.
The city’s real estate market is characterized by strong fundamentals: median home values Have appreciated steadily, while rental demand remains robust, driven by a growing Population and proximity to major employment centers. Investors can expect competitive Returns through both long-term rentals and value-add renovation strategies, with average Rents and home prices offering a favorable balance of cash flow and equity growth.
Ferndale’s downtown core is a magnet for foot traffic and economic activity, featuring a thriving Mix of local businesses, dining, and entertainment. The city’s progressive identity and Commitment to revitalization have made it a cultural hub in metro detroit, enhancing property Desirability and tenant retention.
With its proven market performance, diverse housing stock, and forward-looking community Development, ferndale offers a compelling opportunity for investors seeking stable returns in A resilient and rising urban market.
Investment highlights
- Prime location: vibrant local business scene, plenty of dining and entertainment options
- high visibility: 115 ft. of frontage on metro detroit’s signature commercial corridor, offering exceptional branding opportunity
- turnkey salon layout: fully equipped and ready for immediate operation with minimal customization and expenditure
- flexible lease terms: negotiable structure for quick occupancy
- high-traffic location: nearly 40,000 vpd with strong retail and dining synergy
- modern interior finishes: contemporary upgrades that reduce renovation costs
- flexible zoning & uses: suitable for salon, retail, wellness, or boutique services
- dedicated parking: 15 on-site spaces with easy access and nearby parking
- strong demographics: 381,572 ppl and $87,608 within 5-mile
- strong economic outlook: high-growth, supportive, and business-friendly market
Listing Contacts
Listed by The Jonna Group at Colliers International
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Zoning
MXD-2 MixedMixed UseCorridor Mixed Use
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View all 102 uses Last updated Mar 10, 2026 For deeper zoning details, reports are available at Zoneomics
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