For Sale
$1,499,999

624 Livernois StFerndale, MI 48220

Prime Ferndale lot, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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
624 Livernois St, Ferndale, Michigan

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624 Livernois St
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