177 Vester Ave

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177 Vester Ave

ferndale, MI 48220
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

177 Vester Avenue is located in the heart of downtown Ferndale, Michigan, a dense mixed-use district known for its walkable layout and concentration of independent businesses. The property is situated just east of Woodward Avenue, providing convenient access to major regional transit corridors and the I-696 interchange. The immediate neighborhood features a blend of local boutiques, established dining establishments, and public parking facilities. This location benefits from consistent pedestrian traffic generated by the surrounding residential neighborhoods and the active commercial core. The building’s layout and central location make it suitable for various retail operations, such as specialty boutiques, showrooms, or fitness studios. Given the area's demographics and existing business mix, the property is well-positioned for regional service providers or lifestyle brands seeking visibility in a high-activity corridor. Potential tenants may include established local retailers or expanding small businesses looking to capitalize on Ferndale's regional draw and diverse consumer base.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times