504 LIVERNOIS Street $568,000

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    504 LIVERNOIS Street Ferndale, MI 48220

    • 1,990 sq. ft.
    • 0.09 Acres
    • Commercial
    • MLS# 60319253
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    Views: 8 Days On Site: 149

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    Property Details

    Prime commercial space in Ferndale featuring a beautifully renovated building located on the highly desirable Livernois Corridor. This Mixed-Use 2 zoned property is versatile, accommodating a variety of business ventures such as retail, offices, or restaurants. The current tenant has a long-term lease, providing immediate rental income. The modern interior boasts high ceilings, polished concrete floors, and a spacious layout, perfect for showcasing products or creating an inviting work environment. Outside, the building's prominent corner lot location ensures excellent visibility and foot traffic. Enjoy the vibrant neighborhood atmosphere with easy access to walkable and bikeable paths. This is an exceptional opportunity for investors or business owners looking to establish themselves in a bustling area. Welcome to Ferndale's thriving business community!

    • General Features
      • Acreage 0.09
      • Area Municipality Ferndale (63258)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision GARDENDALE
      • Total SqFt Finished 1990
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Block
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 10 x 4086
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48220 (Ferndale) Demographics

    34 Median Age
    5,116 Population Density (per sq. mile)
    56% College Educated
    $73,479 Estimated Median Income
    7,016 Estimated Total Home Owners
    4,297 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,639 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $266,250 Median Sales Price
    32 Homes Sold
    63 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $568,000
        9/6/2024 1:08:00 PM Price Reduced Source: Multiple Listing Service New Value: $568,000 -3.4%
        6/28/2024 12:51:56 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/27/2024 3:25:00 PM New in Database Source: Multiple Listing Service New Value: $588,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.