- For Sale $2,350,000
- Property Type Retail
- Property Size 12,198 SF
- Lot Size 0.26 Acre
- Building Class C
- Year Built 1966
- Date Updated Mar 23, 2026
Description
The subject property is occupied by Caliber Collision, a national auto body repair company with 1,800+ locations nationwide. This is a corporate guaranteed lease
Average household income within a one-mile radius is $121,248
The lease features very rare 3% annual rent increases which strongly help against inflation
The subject property features prominent frontage on Woodward Avenue, a major commercial thoroughfare with daily traffic counts of approximately 30,000+ vehicles in each direction. With over 60,000 vehicles passing by the site each day, this high-visibility location in Ferndale benefits from consistent exposure and serves as a key commuter route connecting Detroit and the greater metropolitan area
The subject property is in proximity to several dealerships such as Ford, Buick GMC, Subaru, and Honda
Caliber Collision is an e-commerce proof and recession proof tenant
Vacancy rate for this market is less than 4.5%
False
Contacts
Friedman Real Estate
Location
Friedman Real Estate