23365 WOODWARD AVE Ferndale MI 48220 MLS #20240063868

23365 WOODWARD AVE
Ferndale, MI, 48220
$995,000
Beds
0 Baths
4,340 SqFt
0.14 Acres
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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.

Property Details

Price:
$995,000
MLS #:
20240063868
Status:
Active
Beds:
0
Baths:
0
Address:
23365 WOODWARD AVE
Type:
Commercial
Subtype:
Business and Real Estate
Subdivision:
RESUB OF PLAT WOODLAND PARK SUB
Neighborhood:
02258 – Ferndale
City:
Ferndale
Listed Date:
Oct 3, 2024
State:
MI
Finished Sq Ft:
4,340
Total Sq Ft:
4,340
ZIP:
48220
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1954
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Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…

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Schools

School District:
Ferndale

Interior

Cooling
Central Air
Heating
Forced Air, Natural Gas

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$226,864
Taxes
$15,536

Map

Community

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23365 WOODWARD AVE
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