585 Southfield Road Lincoln Park, MI $ 324,900
585 Southfield Road
$ 324,900
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585 Southfield Road

Lincoln Park, MI, 48146
$ 324,900
Baths0.0 Sq 3,600

Monthly Estimate*

$ 2,270

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Studio

Commercial Property for sale in Lincoln Park, MI

for $324,900. This 3,600 square foot building was built in 1926 on a lot size of 0.43.

Great investment opportunity. Located on Southfield rd in Lincoln Park . High traffic count, high visibility Presently the storefront has 5 years left on a 10 year lease. $1,500 monthly and current. Upper unit has a vacant 2 bedroom unit ready to rent (was getting $1,000 per month) also a 1 bedroom unit up that was getting $800. monthly. Tenant just left and in process of getting ready to re-rent at $800. month to month.. lower 2 bedroom unit is rented month to month at $1,000. and would like to stay. There is a basement for common storage. all 4 units have their own water heaters, furnaces, gas and electric meters and water is shared. City inspection is done every year and has always passed. This has been a great investment for the owner and now wants to move on. some minor work still needs to be done. Seller working on repairs until it sells or is fully rented again. Now is your chance. call ahead for showing appointments

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Commercial Active

Price

$ 324,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,558

Style

Tabaco shop and 3 rental units

Lot Size

0.43

Year Built

1926

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

20240002537

Features
Interior
Heating Fuel Natural Gas
Total Units 4
Street Suffix Road
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air Space Heater
Possession At Close
current use Tabaco shop and 3 rental units
Zoning Commercial
Year Built 1926
Business Type Residential Retail
Property Type Commercial
Subdivision Name SUBURBAN PARK SUB
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 101
MLS Area Lincoln Park
Directions Just South of Fort Street on the west side at traffic light. Park on side street
City Lincoln Park
Terms Offered Cash Conventional Warranty Deed
School District Lincoln Consolidated
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name Southfield
Assessment 632.00; unknown
Total Sq Ft 3600
DOM 101
Taxes 6558.0000
Legal Description FC28A LOT 28 EXC THE NLY 54 FT THEREOF ALSO THE NLY 2 FT OF ADJ VAC AL- LEY SUBURBAN PARK SUB PC 85 92 L29 P46 WCR
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Exterior
Waterfront 0
Lot Size Area 0.43
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 30x63x30x63
Roof Material Other
Architecture Level 2 Story
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Randolph Bloedow

Listing Agent

Century 21 Curran & Oberski

Broker

(313) 274-7200

Phone

Affordability Calculator

$2,816
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,270
Monthly Property Taxes
$547
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848621 Elementary School
847954 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2024$324,900 Listed Price

Map


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585 Southfield Road, Lincoln Park, MI, 48146 is a Commercial Property for sale at $324,900 with 3,600 sqft and a lot size of 0.43. 585 Southfield Road is a studio with 0.0 baths and was built in 1926. The property's zip code is 48146 which is in Lincoln Park, MI