Industrial Building with 2-Ton
610 Livernois St Ferndale, MI 48220
610 Livernois St, Ferndale, MI, 48220
$1,299,000
For Sale
$1,299,000
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 Market50
Property Features for 610 Livernois St
General Information
- Standard status
- Active
- Size
- 9,046 SF
- Lot size
- 0.40 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1955
Listing agency
Friedman Integrated Real Estate
(586) 243-4260
Listed by
Bruce A. Morrison
Source
Friedmanrealestate
Added: Jun 2 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 6:07AM
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
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.8k | $18.00 |
| − Vacancy | −$18.9k | −$2.09 |
| EGI | $143.9k | $15.91 |
| − OpEx | −$50.4k | −$5.57 |
| NOI | $93.6k | $10.34 |
9,046 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- The Gripper Food Truck — 20504 Livernois, Detroit, MI 48221
- Durden's Catering — 20504 Livernois, Detroit, MI 48221
- Quarton Catering — 22020 Woodward Ave, Ferndale, MI 48220
- WeWillCook4U — 20504 Livernois, Detroit, MI 48221
- Jackson's Five Star Catering — 20504 Livernois, Detroit, MI 48221
FAQs
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
