This multi-use MXD-2 zoned property located in the growing city of Ferndale offers endless opportunities to its new owner or owners! The property includes two structures - one operating as retail the other as a private gym. The new owners(s) have the opportunity to run a gym, boutique, art gallery, fitness center, yoga studio, nail salon, hair salon, office space or whatever they desire. This property affords the following options to the next owner(s): Live in the residential structure while running your business in the back bldg. Or rent that space out; run your business out of one structure and rent the other or team up with another local business owner to purchase together. Rent out both spaces to local businesses (total est. rent based on previous tenants & offers is approx. $3500/mo). Or you can re-develop the property. Whichever option makes sense for your needs this property is a great investment in a city that is growing at a rapid rate! PLEASE SEE FURTHER DETAILS IN DOCS!
Property Summary -- HARRINGTON WOODS SUB: Located in Ferndale in the 48220 zip code, this home was built in 1928 and is 2,400 square feet with 3 bedrooms and 1 bathrooms on 0.40 acres. It has been on the market for 27 days with an original listing price of $425,000. 561 Livernois St is part of the Ferndale School District.
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