504 Livernois St, Ferndale, MI 48220-2304

This exceptional 1,990 square foot storefront, located at 504 Livernois St in Ferndale, Michigan, presents a lucrative investment opportunity. Completely renovated between 2022 and 2023, this single-story building boasts a modern interior featuring high ceilings, polished concrete floors, and a spacious layout ideal for a variety of commercial uses. The property includes five parking spaces and is situated on a prominent corner lot on the desirable Livernois Corridor, ensuring excellent visibility and high foot traffic. The building is zoned MXD-2 (Mixed Use 2), allowing for flexibility in permitted business types, including retail, offices, or restaurants. Recent renovations included a new ADA-compliant restroom, updated electrical and plumbing systems, and a new exterior door. The building was originally constructed in 1947. This turnkey property offers immediate rental income with a long-term lease in place. The asking price is $588,000, translating to $295.48 per square foot. This is a rare opportunity to own a thriving commercial property in Ferndale's vibrant business community, offering easy access to walkable and bikeable paths.