380 8 Mile RdFerndale, MI 48220

  • Industrial properties
  • 14,840 SF
For Lease
$5.95/SF/YR View listing

Property Details for 380 8 Mile Rd

Year built
1956
Lot size
0.41 AC
Property size (Sq ft)
14,840 SF
Zone code
BI
Property type
Industrial properties
Property subtype
Other warehouses
APN
24-25-34-455-033
APU
242534455033

Description

This single-tenant industrial warehouse, located at 380 W Eight Mile Rd in Ferndale, Michigan, offers 14,840 square feet of versatile space. Built in 1956, the property boasts a 15' to 16' ceiling height, providing ample room for storage and operations. The warehouse features one loading dock and three dock-high doors, ensuring efficient loading and unloading of goods. Parking is readily available with six spaces on-site. The property is zoned MXD-2 and has a 200-amp, 240v, 3-phase power supply. The entire 14,840 square feet is currently vacant and ready for immediate occupancy. The property's address is 380 W Eight Mile Rd, Ferndale, MI 48220, and its Oakland County APN is 25-34-455-033. This location provides easy access to major transportation routes, making it an excellent choice for businesses needing convenient logistics. The property presents a significant opportunity for a business seeking a functional and well-located warehouse space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,532,859
    Hospitality
    $3,236,080
    Educational
    $2,692,380
    Medical
    $2,784,976
    Retail
    $4,188,148
380 8 Mile Rd, Ferndale, Michigan

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4469
Longitude
-83.1296
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,104
-
-
$289,800
-
-
-
$579,600

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