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22042 Woodward Avenue, Ferndale City, MI 48220

WOODWARD FARMS ADD · Oakland County

Key Facts

1,810Sq Ft
1928Year Built
0.06Lot (acres)

Description

Exceptional mixed-use opportunity on highly visible Woodward Avenue in the heart of Ferndale. This versatile property offers commercial and residential space, ideal for investors, entrepreneurs, or live/work use. The main level features a recently renovated commercial space formerly used as a salon with updated flooring, paint, LED lighting, exposed ceilings, trim, and a lavatory. Flexible layout supports retail, office, salon, wellness, studio, or service-based uses. The upper level includes a spacious residential unit with multiple sleeping areas, a renovated kitchen, and updated bath—offering strong owner-occupancy or rental potential. Additional value includes a full basement for storage and potential expansion (subject to approval). Separate rear entrances provide independent access to both units, and rear parking accommodates multiple vehicles. Mixed-use zoning offers exceptional flexibility for owner-occupied business use, rental income, or redevelopment. We believe the exterior siding is block and wood, and the foundation is block. Buyer/agent to verify all information; some details may be estimated and independently confirmed. The listed “office” square footage (approx. 932 sq ft) reflects the main floor, currently fully configured as a salon with no dedicated office space on the main level. Buyer/agent to verify permitted use and measurements. Conveniently located near downtown Ferndale’s dining, shopping, and entertainment, this property combines visibility, function, income potential, and location. Buyer to verify all zoning and permitted uses. Current owner isn't running the building as a business with tenants and that there are no annual operating expenses available.

Property Information

Property Type

Commercial Sale

Year Built

1928

Living Area

1,810 sq ft

Lot Size

0.06 acres

Lot Dimensions

41X2680

Days on Market

19

MLS® Listing#

20261042345

Property Features

Appliances

Gas Water Heater

Cooling

None

Heating

Forced AirNatural Gas

Construction

BlockWood Siding

Foundation

Block

Roof

Rubber

Sewer

Public Sewer

Water Source

Public

Financial Details

Annual Taxes

$5,771

Assessed Value

$69,590

Parcel Number

2534255004

Directions

E of Hilton Rd/S of College

Affordability Calculator

$80,000

Estimated monthly payment

$2,129/mo

Principal $320,000 · Est. interest $446,428 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Ferndale City, MI

$234,137
Median Listing Price
78
Median Days on Market
1,456
Median Sq Ft
$151
Median Price / Sq Ft
13,638
Active Listings
  • This home’s price is 71% above the area median.
  • Its price per sq ft is 47% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Ferndale City, MI.

Location

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Listing Courtesy: S&P Realty - 7343337219

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