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USAMILincoln ParkSuburban Park Sub585 Southfield Rd
585 Southfield Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Lincoln Park MI | Image 1
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$399,900

585 Southfield Rd, Lincoln Park, MI

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Real Estate Only
Levels Commercial Sale
Size 3600 sqft
Garage No
Maintenance Fees 
Taxes $7,559
Days Active 172
Approx. Age 1926
Avg. Price Per Sqft $111
MLS® Number 20240089506

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity in Lincoln Park! This high-visibility mixed-use property on Southfield Rd offers a projected gross annual income of $51, 000 with low annual expenses of $9, 300. The commercial storefront is leased for $1, 500/month with 5 years remaining on the lease, while the residential units include a move-in ready 2-bedroom (projected at $1, 000/month), a 1-bedroom being prepped for re-rental (projected at $800/month), and a 2-bedroom rented month-to-month at $1, 000/month. Additional features include separate utilities for each unit, shared basement storage, and a history of passing annual city inspections. With solid income potential and manageable expenses, this is an outstanding opportunity for investors. Schedule your showing today!Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number20240089506
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1926
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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