1120 E 9 MILE RD $450,000

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    1120 E 9 MILE RD Ferndale, MI 48220

    Sold
    SOLD 5/20/2021

    $450,000

    Market Estimate
    • 2,147 sq. ft.
    • 0.36 Acres
    • Commercial
    • MLS# 40149863
    1120 E 9 MILE RD, Ferndale, MI 48220
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    Listing provided courtesy of: RE/MAX First - 2485484400
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    Property Details

    Property is being sold as a mixed use development opportunity. Attached plans illustrate a building that will contain 19 apartments and 1,800 square feet of street retail space. The site design provides adequate surface parking. Seller's agent can assist in construction financing. Seller's architect willing to continue project with Buyer.

    • General Features
      • Acreage 0.36
      • Area Municipality Ferndale (63258)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision THOMAS OAKS SUB
      • Total SqFt Finished 2147
      • Waterfront Y/N No
      • Year Built 1924
      • ZONING Multi-Family
    • Building Features
      • Exterior Construction Other
      • Foundation Type Basement
      • Heating System Other-See Remarks
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 168 x 100
      • Roads Class A
      • 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

    $247,000 Median Sales Price
    30 Homes Sold
    85 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        5/20/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $450,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        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.