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    Ferndale, MI
    Live - Work Space

    Ferndale, MI Live-work Space for Sale

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    Live-Work Triplex Property
    Updated: Jun 5
    Live-Work Triplex Property

    695 Livernois, Ferndale, MI 48220

    $749,900
    3,986 sqft
    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
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    This listing looks promising.

    Here's a quick look at some key insights for

    695 Livernois, Ferndale, MI 48220

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $53K
      Annual

    • Price @ 7% Cap

      $754K
      Above asking

    • Property Type

      Single Family Residence
      Built 1942
    View Property Analytics
    Tri-Unit Live-Work Property
    Updated: Jun 5
    Tri-Unit Live-Work Property

    695 Livernois Street, Ferndale, MI 48220

    $749,900
    3,186 sqft 0.10 AC lot
    Tri‑unit mixed‑use property with mixed‑use zoning for live‑work possibilities
    Built in 1942 with brick and vinyl exterior materials
    Forced‑air heating with central air conditioning
    Asphalt shingle roof and public water service
    Includes a basement and multiple bedrooms and bathrooms (Bedrooms 1–5; Bathrooms 1–5)
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ferndale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flex Building With Private Apartment
    Flex Building With Private Apartment

    5550 E Carleton Road, Palmyra, MI 49268

    $239,900
    3,240 sqft 4.92 AC lot

    Commercial building with separate HVAC apartment, plus outdoor features on 4.92 acres for owner-operator or live-work use.

    View details
    Live-Work Industrial Building
    Live-Work Industrial Building

    5550 E Carleton Road, Palmyra, MI 49268

    $245,000
    2,400 sqft 5.00 AC lot

    Commercial-grade building with an attached private apartment, fenced stocked pond, and RV-ready hookup for flexible owner-operator use.

    View details
    Live-Work and Restaurant Building
    Live-Work and Restaurant Building

    1250 Library Street, Detroit, MI 48226

    $5,900,000
    32,100 sqft

    Renovated, 100% occupied mixed-use building with bi-level lofts and an in-house Cuban restaurant.

    View details
    Mixed-Use Building in Detroit
    Mixed-Use Building in Detroit

    20331 Fenkell Street, Detroit, MI 48223

    $74,900
    0.09 AC lot

    Two-unit building with commercial zoning and adjacent vacant lot.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Kalamazoo Land For Sale
    Kalamazoo Land For Sale

    209 E North Street, Kalamazoo, MI 49007

    $55,000
    0.16 AC lot

    Land zoned Live Work 1 with downtown views.

    View details
    Parking Lot and Events Site
    Parking Lot and Events Site

    407 Turner Avenue NW, Grand Rapids, MI 49504

    $1,475,000
    7,316 sqft 0.32 AC lot

    City Center zoned parking property positioned for event and hospitality adjacent demand, with shuttle access to downtown venues.

    View details
    Spacious Commercial Building on M-65
    Spacious Commercial Building on M-65

    4271 N M-65, Hale, MI 48739

    $480,000
    5,500 sqft 4.00 AC lot

    Large commercial building with living space on heavily traveled M-65.

    View details
    Ludington Waterfront Development Opportunity
    Ludington Waterfront Development Opportunity

    W Danaher St, Ludington, MI 49431

    $245,000
    0.19 AC lot

    Prime Ludington building site with flexible mixed-use zoning.

    View details

    Ferndale, MI Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Ferndale, MI on our real estate platform. These investment opportunities span a total of 7,172 square feet of properties for sale, with an estimated market value of $1,499,800.

    Sale prices for live-work properties in Ferndale, MI start at $749,900, averaging $749,900, and reaching up to $749,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 10
    Creative space 3
    Office buildings 2

    Demographics Overview

    Population 22K
    Population Growth (5Y) -5.7%
    Median Household Income $86,095
    College Educated 72.2%

    High-Yield Neighborhoods for Investment

    Identify Ferndale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48220 $762.5K

    Taxes & Financing

    Tax Rate (average for all types) 4.51%
    Property Tax per SF $25.33 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

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