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585 SOUTHFIELD Road
Lincoln Park MI 48146 US

$399,900

Active Listing ID 20240089506
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Lot: 0.05 Acres
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$399,900

Active Listing ID 20240089506
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585 SOUTHFIELD Road 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!

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Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 399900
  • unparsedaddress: 585 SOUTHFIELD Road
  • postalcity: Lincoln Park
  • stateorprovince: MI
  • country: US
  • postalcode: 48146
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.05
  • lotsizeunits: Acres
  • lotsizearea: 0.05
  • livingarea: 3600
  • livingareaunits: Square Feet
  • listagentfullname: Yasir Abulaban
  • listagentemail: yassrealtor@gmail.com
  • listagentkey: 3yd-REALCOMPMI-427638
  • listagentmlsid: 427638
  • listagentpreferredphone: 3133950000
  • listagentofficephone: 3133950000
  • listofficekey: 3yd-REALCOMPMI-399147
  • listofficemlsid: 399147
  • disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1926
  • listingcontractdate: 2024-12-02
  • listagenturl: https://www.ownit2020.com
  • countyorparish: Wayne
  • parcelnumber: 45008030028001
  • elementaryschooldistrict: Lincoln Park
  • middleorjuniorschooldistrict: Lincoln Park
  • highschooldistrict: Lincoln Park
  • constructionmaterials: Brick
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Own It Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"scheib@ownit2020.com", "ListBrokerageCity":"Dearborn", "ListBrokerageCountry":"US", "ListBrokerageEmail":"scheib@ownit2020.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/REALCOMPMI/14e7c0e00f9f11e9bb880242ac110005/20190103215411660.png", "ListBrokerageName":"Own It Realty", "ListBrokeragePhone":"313-395-0000", "ListBrokeragePostalCode":"48124", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"22033 W. Outer Drive", "ListBrokerageWebsiteUrl":"https://www.ownit2020.com", "ListOfficeAddress1":"19855 Outer Dr Ste 310", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"364844", "ListOfficeCity":"Dearborn", "ListOfficeCountry":"US", "ListOfficeEmail":"scheib@ownit2020.com", "ListOfficePostalCode":"48124", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Real Estate Only - Lincoln Park, MI", "ListingURL":"https://listings.listhub.net/pages/REALCOMPMI/20240089506/?channel=rexren", "MLSModificationTimestamp":"2024-12-02T11:48:21Z", "Neighborhoods":[{"Description":null, "Name":"Lincoln Park"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7559, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/2/2024 7:05:43 PM GMT
Source Updated Date: 12/4/2024 6:52:30 AM GMT

Courtesy of: Yasir Abulaban, Own It Realty, yassrealtor@gmail.com

Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.