You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Retail space

624 Livernois St Ferndale, MI 48220

9,374 SF 0.43 ac lot Built 1963
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US43-0777770
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Total area 9,374 SF
Lot 0.43 ac (18,731 SF)
Zoning code BI
APN 24-25-34-301-020
UPID US43-0777770
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$961k
Blend (final) Blend
$960k
Owner & transaction history
Woodiron Holdings LLC · 23 yrs held
Woodiron Holdings LLC
since 2003
6 recorded transactions
2021
Price N/A
2017
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Print Preview
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message