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$ 225,000
Est. payment /mo
Active
8216 LAKESHORE Road Lexington, MI 48450 9612
2,525 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,525 sqft
Price per Sqft $89
Subdivision Mi
MLS Listing ID 60957654
Annual Tax Amount $3,100
Lot Size 0.680 Acres
Acres 0.68
Lot Dimensions 167 x 158
Property Sub-Type Commercial/Industrial
Property Description
Incredible investment & rare opportunity to own your own business with virtually no competition or lease for additional investment profit. Bonus residence on the property yields over $10,000 in income annually with long standing tenant. Long term equity wins if you split the property in the future to sell residence separately - current values make the residence worth $150K + alone. Collective AVM is currently over $350,000 Updated commercial bld 2525 Sq Ft features New flooring, Furnace, updated septic, new water line, updated electric, 9x13 walk-in cooler, separate stand-alone coolers, and built in counter; along with a large shed for storage. Was a convenience store, but has limitless options: Restaurant, Cafe/bakery, Retail, or apportion for office. High traffic area of Lakeshore, the gateway to the thumb. Opportunities and needs in the community = Mixed-use or retail development downtown: As Lexington grows, there's room for cafe, boutiques, galleries, and visitor-centered retail. No Starbucks along the way to work from home here! Specialty food or agri-tourism ventures: Local farm-to-table markets, fermented foods, or agritourism complement existing food production. Senior care facilities or in-home services: As population ages, community-scale healthcare services and assisted living support can fill a growing need. Perfect location for commuter day care! So many options to launch a successful business in this community.
Location
State MI
County Sanilac
Area Worth Twp (76026)
Zoning Professional Office,Commercial,Industrial
Interior
Heating Forced Air
Building
Foundation Crawl, Slab
Water Public Water
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://youtu.be/yzwEQYFqlV8?si=bnzVk3biaLaIsbHx
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Listed by Real Estate One GPF