624 Livernois St Ferndale, MI 48220
- Retail space
- 9,374 SF
- 0.43 lot acres
Current Use by Public Records
- Retail space
Property Details for 624 Livernois St
- Year built
- 1963
- Lot size
- 0.43 lot acres
- Property size
- 9,374 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- 24-25-34-301-020
- APU
- 242534301020
Description
This exceptional investment opportunity presents a 9,374 square foot multi-use industrial building situated on a 0.43-acre lot in the thriving city of Ferndale, Michigan. The property boasts a five-unit block construction, currently fully occupied with long-term tenants, ensuring a stable and consistent income stream. The building features a flat roof and has undergone numerous updates, minimizing the need for immediate capital expenditures. Ample on-site parking is available for tenants and visitors, supplemented by convenient street parking. This property is ideally suited for investors seeking a low-maintenance, high-return investment with a proven track record of strong tenancy. The existing tenant structure provides immediate cash flow, making this an attractive option for those seeking a reliable and profitable addition to their portfolio. The location in Ferndale offers excellent access to major transportation routes and a vibrant local economy, further enhancing the property's investment potential. This is a turnkey opportunity to acquire a well-maintained, income-producing industrial property with a history of stable occupancy. The building's solid construction and established tenant base make it a low-risk, high-reward investment prospect. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1422
- Latitude
- 42.4512
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
