Lofts On Nine Mile Retail

201-207 E Nine Mile Ferndale, MI 48220

FOR SALE
Property Type:
Street Retail
Amount:
$1,650,000
Last Verified:
Apr 26, 2021

Highlights

  • Downtown Ferndale Investment
  • Across from City Hall
  • 1st Level Retail Condo
  • Four Units 100% Occupied
  • There are 1,000 Public Parking Spaces within a Half Mile
  • Walking Score is (90) Walk Paradise

Description

Four Unit Investment Property
Lofts on Nine Mile Condo

On East Nine Mile just East of Woodward


Year Built: 2009
Building Size: 6036sq ft
Lot Size: 0.55 acres

Map of 201-207 E Nine Mile, Ferndale, MI, 48220

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.