624 Livernois StFerndale, MI 48220

Property Details for 624 Livernois St

Year built

1963

Lot size

0.43 AC

Property size (Sq ft)

9,374 SF

Zone code

BI

Property type

Retail properties

Property subtype

Retail space

APN

24-25-34-301-020

APU

242534301020

Description

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.

Location Insight

City

Ferndale

County

Oakland

State

Michigan

Latitude

42.4512

Longitude

-83.1422

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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