23365 WOODWARD Avenue $995,000

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    23365 WOODWARD Avenue Ferndale, MI 48220

    • 4,340 sq. ft.
    • 0.14 Acres
    • Commercial
    • MLS# 60344494
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    Views: 4 Days On Site: 75

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    Property Details

    The DYE Salon proudly celebrates two decades of operation, during which time we have experienced remarkable growth alongside Ferndale's burgeoning urban landscape. Renowned as one of the most sought-after residential areas. Ferndale has witnessed a substantial downtown expansion further enhancing its allure. DYE Salon is strategically situated on Woodward Avenue which allows our salon to benefit from high visibility, attracting the attention of millions of passing motorists. Ferndale's recent traffic management initiatives, including a road detour directly in front of our establishment have significantly boosted exposure and foot traffic. A testament to the city's meticulous urban planning. Spanning approximately 4,400 square feet, our building boasts a distinctive layout conducive to various business endeavors. Additionally, the sale encompasses a generously sized parking lot, valued at approximately $200,000 by the city, providing ample parking space with over twenty spots in total. Furthermore, the building has undergone extensive renovations over the past three years, including upgrades to electrical, plumbing, and tuck pointing on the brick structure, as well as roofing and flooring enhancements. The addition of new bathrooms ensures optimal comfort and convenience for patrons and staff alike.

    • General Features
      • Acreage 0.14
      • Area Municipality Ferndale (63258)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision RESUB OF PLAT WOODLAND PARK SUB
      • Total SqFt Finished 4340
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 62.00 x 99.00
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48220 (Ferndale) Demographics

    34 Median Age
    5,116 Population Density (per sq. mile)
    56% College Educated
    $73,479 Estimated Median Income
    7,016 Estimated Total Home Owners
    4,297 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,639 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $230,000 Median Sales Price
    45 Homes Sold
    40 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $995,000
        12/2/2024 7:34:51 AM Price Increased Source: Multiple Listing Service New Value: $995,000 4.74%
        10/3/2024 3:39:00 PM New in Database Source: Multiple Listing Service New Value: $950,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.