MI > Wayne > Lincoln Park > 585 Southfield Road

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585 Southfield Road Map / directions

Lincoln Park, MI

48146 Market info

$399,900

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  • MLS# 20240089506
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248-304-6700

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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!

Property Information

Status
Active 
Address
585 Southfield Road 
City
Lincoln Park 
Zip
48146 
Year Built
1926 
Subdivision
Suburban Park Sub 
Listing Date
12/02/2024 
List Price
$399,900
County
Wayne 
Above Grade SqFt
3,600 
Possession
At Close 
Price/SqFt
111.08 

School Information

School District
Lincoln Park 

Taxes

Summer Taxes
$5,590 
Winter Taxes
$1,969 

Features

Zoning
Commercial 
Water
Public (Municipal) 
Sub Property Type
Commercial 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240089506 Active Dec 2 2024 12:05PM $399,900 146
20240002537 Expired Active Jul 12 2024 2:17AM 181
20240002537 Active Coming Soon Jan 17 2024 2:14AM 181
20240002537 Coming Soon Jan 12 2024 6:08PM $324,900 181
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of Own It Realty
(313) 395-0000
Office Address 19855 Outer Dr Ste 310

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Our Michigan real estate agents can answer all of your questions about 585 Southfield Road, Lincoln Park MI 48146. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Lincoln Park, Michigan real estate market. To sell or buy a home in Lincoln Park, Michigan, contact our real estate agents as we know the Lincoln Park, Michigan real estate market better than anyone with over 100 years of experience in Lincoln Park, Michigan real estate for sale.

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585 Southfield Road Lincoln Park
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$399,900
For Sale • Acres: 0.05 • Zoning: Commercial