For Sale
$1,499,999

624 Livernois St Ferndale, MI 48220

Prime Ferndale lot, redevelopment potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 0.43-acre commercial land parcel in Ferndale, Michigan, presents a remarkable redevelopment opportunity. Located at 624 Livernois, in Oakland County, zip code 48220, this property boasts 157 feet of frontage, offering significant visibility and accessibility. Currently zoned for commercial use, the site presents a blank canvas for a variety of projects, including apartments, condominiums, or flexible commercial spaces. The property's existing structure is a five-unit commercial building, currently generating below-market rental income, suggesting potential for value enhancement through lease adjustments. The strategic location provides a short walk to downtown Ferndale, placing the property within easy reach of amenities, businesses, and a vibrant community. This is an ideal investment for developers seeking a prime location with substantial redevelopment potential in a thriving Michigan market. The asking price is $1,499,999. The property is privately owned. Coordinates are 42.4511878 latitude and -83.1421371 longitude.

Highlights

  • 0.43-acre commercial land parcel in Ferndale, MI (Oakland County, 48220), offering significant redevelopment potential.
  • 157 feet of frontage on Livernois provides high visibility and accessibility.
  • Currently zoned commercial, suitable for apartments, condos, or other commercial uses.
  • Existing five-unit commercial building offers below-market rental income, presenting a value-add opportunity.
  • Prime location, walking distance to downtown Ferndale's amenities and vibrant community.
  • Asking price: $1,499,999.

Property Details for 624 Livernois St

Property type
Land
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4511878
Longitude
-83.1421371

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FAQs

What type of property is this?
Land - Prime Ferndale lot, redevelopment potential.
Where is the land located?
The property is located at 624 Livernois St Ferndale, MI.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 0.43-acre commercial land parcel in Ferndale, MI (Oakland County, 48220), offering significant redevelopment potential.; 157 feet of frontage on Livernois provides high visibility and accessibility.; Currently zoned commercial, suitable for apartments, condos, or other commercial uses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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(586) 438-4901

Contacts

Craig Minoletti
Craig Minoletti
Visit Broker Website

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Useful Information

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Livernois St
Ferndale, MI 48220

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Ferndale, MI 48220

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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624 Livernois St
  • Craig Minoletti
    Craig Minoletti
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