530 Livernois StFerndale, MI 48220
- Warehouses
- 11,035 SF
Property Details for 530 Livernois St
- Year built
- 1956
- Lot size
- 0.68 AC
- Property size (Sq ft)
- 11,035 SF
- Zone code
- BI
- Property type
- Warehouses
- APN
- 24-25-34-301-068
- APU
- 242534301068
Description
This exceptional executive office space, located at 530 Livernois in Ferndale, Michigan, presents a unique opportunity for a single tenant. The property boasts a total of 11,087 square feet of vacant, readily available space, perfect for a business seeking a prominent location. The building is zoned Mixed Use II, offering flexibility for various business operations. Ample parking is provided with 36 spaces available for employees and clients. Situated in Oakland County, this property benefits from a convenient location in the vibrant city of Ferndale, with easy access to major transportation routes. The entire 11,087 square feet is available for lease as a single tenant space, providing a significant opportunity for a company seeking a substantial and well-appointed office environment. The address is 530 Livernois, Ferndale, MI 48220. This is a single-tenant occupancy property, ideal for a business requiring a large, contiguous space. The property's size and parking capacity make it suitable for a variety of businesses, from professional services to creative agencies. The Mixed Use II zoning allows for a range of potential uses, subject to local regulations. This prime location in Ferndale offers excellent visibility and accessibility.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,903,040
- 6.5%
- $4,525,880
- 7%
- $4,202,600
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,651,540
- Geo Method
- $1,651,540
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $2,360,240
- Mixed-Use / Specialty
- $2,382,870
- Hospitality / Lodging
- $1,788,650
- Office
- $2,401,050
- Institutional / Educational
- $2,488,320
- Residential Income
- $2,911,330
- Multifamily
- $3,319,600
- Automotive / Energy
- $2,132,850
- Parking / Income-Based Land
- $705,349
- Restaurant / Food Service
- $1,305,600
- Healthcare / Senior Housing
- $2,411,760
Location Insight
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Latitude
- 42.45
- Longitude
- -83.1421
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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