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$ 49,000
Est. payment | /mo
1,010 SqFt
$ 49,000
Est. payment | /mo
1,010 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $48
Subdivision Mi
MLS Listing ID 60995498
Annual Tax Amount $2,514
Lot Size 8.860 Acres
Acres 8.86
Lot Dimensions 110 X 80
Property Sub-Type Commercial/Industrial
Property Description
Income-producing multi-office condo suite with lease-up upside for sale in Southfield! Suite C-232 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 1,010 sq ft of office space. This suite is currently configured as 6 individual rentable office spaces, with 4 offices occupied and 2 offices vacant, making the suite approximately 66.67% leased. Current rental income is approximately $1,250/month, with additional upside available by leasing the remaining vacant offices. This is a strong opportunity for an investor seeking existing rental income plus room to increase cash flow, or a future owner-user who may want to occupy part of the suite while continuing to lease the remaining offices. Conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, this office condo offers accessibility for clients, staff, and professional service users. Monthly condo association dues are approximately $350/month and cover certain building/common area expenses. Buyer to verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and all information deemed material. This suite may also be purchased as part of a larger 7-unit office condo portfolio. Seller will consider individual suite sales or package offers.
Location
State MI
County Oakland
Area Southfield (63244)
Zoning Commercial
Building
Foundation Crawl
Water Public Water
Structure Type Brick
Others
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Front Page Properties
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Shannon Bagdonas
Team Lead / Broker Partner