Industrial Building with 2-Ton
For Sale
$1,299,000
610 Livernois St, Ferndale, MI 48220
1955-built industrial facility includes 2 two-ton cranes, 12’–18’ ceilings, and one truckwell with three overhead doors.
Property Size9,046 SF
Lot Size0.40 Acres
Price / SF$143.60
Days on Market141
Property Features for 610 Livernois St
General Information
Standard status
Active
Size
9,046 SF
Total Parking Spaces
19
Lot size
0.40 Acres
Property subtype
Industrial
Zoning
BI
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
1
Drive-In Doors
3
Building Details
Building Size
9,046 SF
Year Built
1955
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Bruce A. Morrison
(586) 243-4260
Source:
Friedmanrealestate
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 20 at 6:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedman Integrated Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,046 SF industrial building was built in 1955 and features approximately 10% office space. The facility offers 12’ to 18’ ceiling heights, one truckwell, and three overhead doors, supporting a range of warehouse and light industrial workflows.
The property also includes two 2-ton cranes and 19 parking spaces, along with a site area of approximately 0.40 acres.
Additional improvements include a combination of warehouse space and office area within the same building footprint, providing separation between working and administrative functions.
The property also includes two 2-ton cranes and 19 parking spaces, along with a site area of approximately 0.40 acres.
Additional improvements include a combination of warehouse space and office area within the same building footprint, providing separation between working and administrative functions.
Key Highlights
- 9,046 SF industrial building built in 1955
- 10% office space included in the 9,046 SF facility
- 12’–18’ ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,561
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,871,220
$1.9M
Cap Rate 7%
$1,336,586
$1.3M
Cap Rate 9%
$1,039,567
$1.0M
Market Conditions
NOI Build-Up for 9,046 SF
Gross rent
$162.8K $18.00/SF
− Vacancy
−$18.9K −$2.09/SF
EGI
$143.9K $15.91/SF
− OpEx
−$50.4K −$5.57/SF
NOI
$93.6K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,871,220
Cap Rate 7%
$1,336,586
Cap Rate 9%
$1,039,567
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.17M – $1.56M
NOI $93,561 @ 7.0% cap · market cap 7.20%
Second Best
Warehouse
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,580 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- The Gripper Food Truck — 20504 Livernois, Detroit, MI 48221
- Durden's Catering — 20504 Livernois, Detroit, MI 48221
- WeWillCook4U — 20504 Livernois, Detroit, MI 48221
- Jackson's Five Star Catering — 20504 Livernois, Detroit, MI 48221
- Quarton Catering — 22020 Woodward Ave, Ferndale, MI 48220
Frequently Asked Questions
What type of property is this?
Flex space - 1955-built industrial facility includes 2 two-ton cranes, 12’–18’ ceilings, and one truckwell with three overhead doors.
Where is this flex space located?
The property is located at 610 Livernois St Ferndale, MI.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 9,046 SF industrial building built in 1955; 10% office space included in the 9,046 SF facility; 12’–18’ ceiling height
