585 Southfield Road, Lincoln Park, MI 48146
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585 Southfield Road, Lincoln Park, MI 48146
585 Southfield Road, Lincoln Park, MI 48146
585 Southfield Road, Lincoln Park, MI 48146
585 Southfield Road, Lincoln Park, MI 48146
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585 Southfield Road Lincoln Park, MI 48146

3,450 SqFt


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Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,450 sqft

Price per Sqft $105

Subdivision Mi

MLS Listing ID 60973745

Annual Tax Amount $6,275

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 30x63x30x63

Property Sub-Type Commercial/Industrial

Property Description

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

Location

State MI

County Wayne

Area Lincoln Park (82143)

Zoning Commercial

Building

Foundation Basement

Water Public Water

Structure Type Brick

Others

Ownership Corporation

Financing Cash,Conventional


MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by Epique Realty

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585 Southfield Road