1415 Wordsworth StFerndale, MI 48220

Property Details for 1415 Wordsworth St

Year built

1941

Lot size

0.38 AC

Property size (Sq ft)

6,279 SF

Zone code

II

Property type

Retail space

APN

24-25-35-326-012

APU

242535326012

Description

This exceptional 6,279 square foot executive office building, located at 1415 Wordsworth Street in Ferndale, Michigan, presents a unique opportunity for a single tenant. The property boasts a two-story design situated on a half-acre lot, offering ample space and privacy. The entire building is currently vacant, providing immediate occupancy for a discerning business. The building's total square footage is 6,279 square feet, all available for lease. The property is classified as an executive office space, suggesting a high-quality build and finish. Its location in Ferndale, Michigan, zip code 48220, offers convenient access to local amenities and transportation networks. The property's single-tenant occupancy ensures exclusive use and control of the entire building. This presents a rare chance to secure a substantial and well-appointed office space in a desirable location. The building's size and layout are ideal for a company seeking a prominent and functional headquarters. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is for lease and ready for immediate occupancy. The address is 1415 Wordsworth Street, Ferndale, MI 48220.

• CAP approach

  CAP return

  Valuation

  6%

  $1,454,910

  6.5%

  $1,343,000

  7%

  $1,247,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $610,831

  Geo Method

  $610,831

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,575,260

  Mixed-Use / Specialty

  $1,355,870

  Hospitality / Lodging

  $1,017,760

  Office

  $1,366,210

  Institutional / Educational

  $1,415,870

  Residential Income

  $1,656,570

  Multifamily

  $1,888,880

  Automotive / Energy

  $1,213,610

  Parking / Income-Based Land

  $401,349

  Restaurant / Food Service

  $742,897

  Healthcare / Senior Housing

  $1,372,310

Location Insight

City

Ferndale

County

Oakland

State

Michigan

Latitude

42.4538

Longitude

-83.1146

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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