585 Southfield Road Lincoln Park, MI $ 364,900
585 Southfield Road
$ 364,900
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585 Southfield Road

Lincoln Park, MI, 48146
$ 364,900
Bedrooms-- Baths-- Sq 3,600

Monthly Estimate*

$ 2,247

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Commercial Property for sale in Lincoln Park, MI

for $364,900. This 3,600 square foot building was built in 1926 on a lot size of 0.05.

mixed-use investment opportunity in the heart of Lincoln Park is generating $49200 annual income! This well-maintained building features three residential rental units plus a storefront currently leased to a tobacco shop, providing immediate income from day one. The two upper units have been recently renovated and offer modern updates including new windows, updated kitchens and bathrooms, and split AC units. The property features a balcony adding convenience and appeal for tenants or short-term guests. Two of the units offer two bedrooms, one full bathroom, a spacious living room, dining room, and kitchen. The third unit includes one bedroom, one full bathroom, living room, dining room, and kitchen — ideal for a variety of rental options. With strong rental demand and flexible layout, the upper units have excellent potential to generate high income as short-term rentals such as Airbnb. Located in Lincoln Park, an area currently booming with new investors and redevelopment activity, this property presents a rare opportunity for both steady cash flow and long-term appreciation. Perfect for investors looking to expand their portfolio with a turnkey, income-producing property. BATVAI

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Commercial Active

Price

$ 364,900

Property Type

Commercial

Taxes

$ 6,275

Style

RealEstateOnly

Lot Size

0.05

Year Built

1926

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

20261012561

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1926
Property Subtype RealEstateOnly
Current Use Commercial
County Wayne
Net Operating Income 42640.0
Operating Expense 6560.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name SUBURBAN PARK SUB
Garage Y/N N
Status Active
Directions corner of Southfield rd and Applewood
City LincolnParkCity_Wayne
Senior Community Y/N N
High School District LincolnPark
Zoning Description Commercial
MLS Area Area05143LincolnPark
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 6275.94
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 87800
Expected Active Date 2026-03-04
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
Water Source Public
Foundation Details Basement Poured
Spa N
Building Area Total 3450.0
Lot Dimensions 30x63x30x63
Lot Size Acres 0.05
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 3600.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 585
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* Excluded Features
List By
Mohammed Almahdi

Listing Agent

Epique Realty

Broker

(313) 338-7652

Phone

Affordability Calculator

$2,770
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,247
Monthly Property Taxes
$523
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
4909450 Elementary School
4909391 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$364,900 Listed Price

Map


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585 Southfield Road, Lincoln Park, MI, 48146 is a Commercial Property for sale at $364,900 with 3,600 sqft and a lot size of 0.05. 585 Southfield Road was built in 1926. The property's zip code is 48146 which is in Lincoln Park, MI