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    624 Livernois St Ferndale, MI 48220

    For Sale
    $1,499,000

    Well-maintained multi-unit building with garage and ample parking.

    Lot size:
    0.43 Acres

    Property Features for 624 Livernois St

    General Information

    Lot size
    0.43 Acres

    Building Details

    Year built
    1963

    Source: @properties Christie's Int'l R E Clarkston Agent Susan M Lozano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Building with Recent Updates

    This well-maintained block structure building has undergone $500,000 in updates. The property features six units of varying sizes: Unit #100 is 470 square feet, Unit #200 is 850 square feet, Units #300 and #400 combine for 2,200 square feet, Unit #500 is 1,600 square feet, and Unit #600 is 1,400 square feet. The building also includes a large attached garage with approximately 600 square feet and a 12' x 10' garage door. The property provides 20 parking spaces, with additional street parking available. The spaces offer ample storage, and some units are leased with longer-term leases.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.142184
    Latitude
    42.451217

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office space - Well-maintained multi-unit building with garage and ample parking.
    Where is this office space located?
    The property is located at 624 Livernois St Ferndale, MI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - $500,000 in recent updates.; - Six units provide income potential.; - 20 parking spaces plus street parking.
    (248) 421-7313
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    624 Livernois St Ferndale, MI 48220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    624 Livernois St Ferndale, MI 48220
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