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637-651 Livernois St 0.5 Acres of Commercial Land Offered at $495,000 in Ferndale, MI 48220
Investment Highlights
- 0.50-acre development parcel suitable for residential or mixed-use projects.
- Convenient access to major regional corridors such as I-696 and I-75.
- Flexible B1 zoning accommodates residential, commercial, or medical use.
- City-approved site plan for a 24-unit multifamily building provides a head start for development.
- Located within a vibrant Ferndale neighborhood known for dining, retail, and community activity.
Executive Summary
This 0.50-acre property presents a prime development opportunity in Ferndale, Michigan. The city has approved plans for a 24-unit apartment building, which positions the site as an attractive option for multifamily developers. Located just off Livernois Street, the parcel offers strong visibility and access while being situated in one of Ferndale’s most dynamic neighborhoods.
The property benefits from its proximity to major freeways, including I-696 and I-75, and is surrounded by a vibrant mix of shops, restaurants, and community amenities. With flexible B1 zoning, the site supports a range of uses beyond multifamily, including commercial and medical developments. Conceptual plans showcase modern residential layouts that can appeal to both investors and end-users seeking property in an established urban setting.
The property benefits from its proximity to major freeways, including I-696 and I-75, and is surrounded by a vibrant mix of shops, restaurants, and community amenities. With flexible B1 zoning, the site supports a range of uses beyond multifamily, including commercial and medical developments. Conceptual plans showcase modern residential layouts that can appeal to both investors and end-users seeking property in an established urban setting.
Property Facts
| Price | $495,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.50 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | BI - Business District | ||
| Price | $495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.50 AC |
| Opportunity Zone |
Yes |
| Zoning | BI - Business District |
1 Lot Available
Lot
| Price | $495,000 | Lot Size | 0.50 AC |
| Price Per AC | $990,000.00 |
| Price | $495,000 |
| Price Per AC | $990,000.00 |
| Lot Size | 0.50 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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Contact the Sale Advisor
637-651 Livernois St