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22740 Woodward Ave
Ferndale, MI 48220
Retail Property For Sale

Investment Highlights

  • Long-standing bar at the intersection of 9 & Woodward - one of Metro Detroit's busiest corridors
  • Located along the prominent Woodward Avenue corridor with strong visibility and consistent daily traffic counts.
  • Tenant lease includes two 5-year renewal options, supporting long-term occupancy potential and investment stability
  • Liquor license stays with the building should tenant vacate
  • Net leased investment opportunity featuring approximately 3,100 square feet in one of Metro Detroit’s most desirable suburban markets.

Executive Summary

Fortis Net Lease is pleased to present the opportunity to acquire the single-tenant net
leased Barrel House property located at 22740 Woodward Avenue in Ferndale. The
property is positioned along the highly trafficked Woodward Avenue corridor, one of
Metro Detroit’s most recognized commercial thoroughfares, offering excellent visibility
and accessibility. The approximately 3,100-square-foot building is leased on a NNN
basis, minimizing landlord responsibilities while providing investors with a stable retail
asset in one of Southeast Michigan’s most active suburban markets. The offering is
available at an asking price of $1,500,000 and benefits from strong surrounding
demographics and consistent consumer traffic throughout the area.
Strategically located just minutes from downtown Detroit, the property is surrounded
by a dense mix of national retailers, local businesses, restaurants, and residential
neighborhoods that continue to support Ferndale’s strong economic growth. The tenant
benefits from the area’s vibrant dining and entertainment environment, as well as direct
frontage along Woodward Avenue, which serves as a major regional connector
throughout Metro Detroit. Additionally, the lease structure includes two 5-year renewal
options, providing future operational flexibility and long-term stability for both tenant
and ownership.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1929/2002
Price
$2,083,800 CAD
Price Per SF
$416.76 CAD
Cap Rate
6.40%
NOI
$133,363 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.28
Lot Size
0.09 AC
Zoning
CBD - Central Business District
Parking
1 Spaces (0.2 Spaces per 1,000 SF Leased)
Frontage
1’ on WOODWARD AVE

Amenities

  • Restaurant
  • Signage

Property Taxes

Property Taxes

Parcel Number
25-34-127-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$467,869 CAD
  • Listing ID: 40710695

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 22740 Woodward Ave, Ferndale, MI 48220

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