150 Livernois StFerndale, MI 48220

Property Details for 150 Livernois St

Year built

1960

Lot size

0.33 AC

Property size (Sq ft)

1,228 SF

Property type

Office properties

Property subtype

Office buildings

APN

24-25-34-351-037

APU

242534351037

Description

This exceptional 1,235 square foot office space is ideally situated in Ferndale's vibrant Cultural Arts District. The single-tenant occupancy provides privacy and control, perfect for a growing business or established firm. The property boasts ample onsite parking, a significant advantage in this highly desirable location. Monthly rent is $1,900, plus utilities. This location offers unparalleled walkability, with a Walk Score of 82, placing it within easy reach of numerous amenities and attractions. Enjoy the convenience of being just steps away from the Ferndale Project (Eastern Market Brewing Company), adding to the lively and engaging atmosphere of this thriving neighborhood. The modern design and spacious layout create a comfortable and productive work environment. This is a rare opportunity to secure a prime office space in a sought-after area known for its artistic flair and thriving community. The property is ready for immediate occupancy, offering a seamless transition for your business. Don't miss this chance to establish your presence in the heart of Ferndale's dynamic cultural scene. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $255,406

  6.5%

  $235,759

  7%

  $218,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $114,867

  Geo Method

  $114,867

• Alternative Use

  Use

  Valuation

  Residential

  $292,342

  Hospitality

  $267,783

  Educational

  $222,793

  Medical

  $230,455

  Retail

  $346,566

Location Insight

City

Ferndale

County

Oakland

State

Michigan

Latitude

42.4469

Longitude

-83.1419

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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