22042 Woodward Avenue
Ferndale, MI, 48220 $ 400,000
Bedrooms-- Baths-- Sq 1,810 Monthly Estimate*
$ 2,463
for $400,000. This 1,810 square foot building was built in 1928 on a lot size of 0.06.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession Negotiable
Roof Rubber
Garage Spaces 0.0
Construction Materials Block WoodSiding
Exclusions Exclusion(s) Do Not Exist
Year Built 1928
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial Residential
County Oakland
Net Operating Income 4500.0
Operating Expense 3000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name WOODWARD FARMS ADD
Garage Y/N N
Status Active
Directions E of Hilton Rd/S of College
City FerndaleCity_Oakland
Disclosures ExclusionsDoNotExist NoRestrictions
Senior Community Y/N N
High School District Ferndale
Zoning Description Commercial Residential
MLS Area Area02258Ferndale
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5771.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 69590
Expected Active Date 2026-06-18
Legal Description T1N R11E SEC 34 WOODWARD FARMS ADD SUB LOT 18
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ExteriorWater Source Public
Foundation Details Basement Block
Spa N
Building Area Total 1810.0
Lot Dimensions 41X2680
Lot Size Acres 0.06
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1810.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesList ByT J BrisboisListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $2,463
- Monthly Property Taxes
- $481
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Ferndale, MI
Average List Price $278,089
Percent of Sale Price 30%
About Ferndale, MI 19,993 Population
-10% Since 2002
$ 55,937 Median Income
39.4 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
848457 Elementary School
847983 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/18/2026 | $400,000 | | Listed Price |