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585 Southfield Road , Lincoln Park, MI 48146

$364,900
  • 585 Southfield Road , Lincoln Park, MI 48146 Main Photo

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New to the Market Active
SQUARE FEET3,450 MLS#20261012561
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONSuburban Park Sub SCHOOLLincoln Park

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

585 Southfield Road | MLS# 20261012561

This commercial property located at 585 Southfield Road , Lincoln Park, MI 48146 is currently listed for sale with an asking price of $364,900. Southfield Road is located within the Lincoln Park school district. Search Lincoln Park real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.05 Acres
Year Built: 1926

Feature Descriptions

Days on Site: 5
Exterior: Brick
Foundation: Basement
Frontage Feet: 30
Lot Dimensions: 0.05 Acre(s)
Road Frontage: Paved
Summer Tax: $5359.0000
Winter Tax: $916.9400
Year Remoldeled: 2024

Local Schools

School District: Lincoln Park

Listed By / Shown By

Listed By

Agency Name: Epique Realty
Agency Phone: (248) 218-2604

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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