Listed by The Jonna Group at Colliers International
$540,000
Flex Retail (For Sale or Lease)
Details
APN 24-25-34-102-003 ; 24-25-34-102-004
Property Type Industrial, Mixed Use
Sub Type Flex
Square Footage 3,574
Tenancy Multi
Year Built 1926/1931
Acreage 0.150
Zoning CBD (Central Business District)
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.24
Investment Type Value Add
Occupancy Date 02/06/2026
Ownership Fee Simple
For Sale or Lease | Retail/Flex Space | 3,574 SqFt
Marketing description
3,574 Sf Retail/Flex Space in Downtown Ferndale District
Investment highlights
Competitive Pricing Offered Below Replacement Cost
Prime Downtown Location on W 9 Mile Road
Excellent Visibility and Steady Foot Traffic
Walkable Area Steps from Dining, Entertainment, and Established Neighborhoods
3,574 SF Building Suitable for Retail, Office, or Mixed-Use
Rare On-Site Parking with 8 Surface Spaces
Value-Add Opportunity
Repositioning or Market-Rate Leasing Potential
Multi-Tenant Potential with Two Addresses 517 and 523 for Dual Occupancy or Multiple Income Streams
Strong Local Demographics with 381,572 PPL and $87,608 Avg. HHI Within 5 Miles
CBD Zoning Supporting a Wide Range of Uses
0.5 Mile East of Woodward Avenue
One 10’ x 10’ Overhead Door
Year Built: 1926/1931
Listing Contacts
Listed by The Jonna Group at Colliers International
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage Phone
Is there information that looks off?
