Live-Work Triplex
695 Livernois Ferndale, MI 48220
Tri-unit live-work property featuring modern residential space and mixed-use zoning for flexible commercial opportunities.
Type:Commercial
Property size:
3,986 SFPrice / SF:
$188/SF- Added:
- Jun 5, 2026
- Days on Market:
- 36
- Last Refresh:
- Jul 10 at 3:48 am
Property Features for 695 Livernois
General Information
- Standard status
- Active
- Size
- 3,986 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1942
Listing office KW Metro (248) 288-3500
Listing date Jun 5, 2026
Source Sabudarealty
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 KW Metro
Investment Insights
Based on property information with market context.
This tri-unit live-work property blends residential living with commercial potential. The building is presented as a mixed-use opportunity, with a configuration designed to support a variety of commercial concepts in addition to the residential components. The offering is positioned as a flexible canvas for an investor or operator looking to combine housing and income-producing space within one property.
The property is located at 695 Livernois in Ferndale, Michigan (MI 48220). Public remarks note mixed-use zoning, providing the framework for diversified use scenarios. Buyers are encouraged to verify zoning requirements and any specific permitted uses during due diligence.
BATVAI.
The property is located at 695 Livernois in Ferndale, Michigan (MI 48220). Public remarks note mixed-use zoning, providing the framework for diversified use scenarios. Buyers are encouraged to verify zoning requirements and any specific permitted uses during due diligence.
BATVAI.
Key Highlights
- Tri‑unit live‑work property with mixed‑use zoning for flexible residential and commercial use
- Year built: 1942
- Offers residential living space plus commercial‑ready potential within the same property
Local Financial Insights For Multifamily LT 5
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 | $78.9k | $19.80 |
| − Vacancy | −$3.6k | −$0.89 |
| EGI | $75.4k | $18.91 |
| − OpEx | −$22.6k | −$5.67 |
| NOI | $52.8k | $13.24 |
3,986 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$753.7K
$659.5K – $879.3K
NOI $52,760 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$698.5K
$611.2K – $814.9K
NOI $48,893 @ 7.0% cap · market cap 6.52%
Theoretical Best
Specialty Retail
$859.7K
$752.3K – $1.00M
NOI $60,182 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Tri-unit live-work property featuring modern residential space and mixed-use zoning for flexible commercial opportunities.
Where is this live-work space located?
The property is located at 695 Livernois Ferndale, MI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Tri‑unit live‑work property with mixed‑use zoning for flexible residential and commercial use; Year built: 1942; Offers residential living space plus commercial‑ready potential within the same property
