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    5520 Main St Lexington, MI 48450

    Under Contract
    For Sale
    $349,900

    Commercial/Industrial - Lexington, MI

    Property size:
    1,600 SF
    Lot size:
    0.10 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 5520 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Commercial
    APN
    152-320-000-057-00
    Patio and Porch features
    Patio, Deck
    Interior features
    Living Quarters
    Exterior features
    Deck/Patio, Fence Owned
    Fencing
    Fenced
    Size
    1,600 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Wall Furnace
    Cooling system
    Heat Pump

    Building Details

    Building materials
    Vinyl Siding
    Architectural style
    Other

    Epique Realty (512) 387-0722 [email protected]

    Listing agent Michael Rickerman (248) 218-2604 License #6506045489

    Listing date Nov 14, 2025

    MLS# 50189112 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Main Street Commercial Building, Lexington

    Located on Main Street (M-25) in the Village of Lexington, this commercial building offers a prime location with private parking. The main floor is currently leased to the Cadillac House Hotel and serves as their exercise/fitness facility. The upper level features a 2-bedroom, 1-bath living quarters, which is currently operated as a popular AirBnB. The building has undergone recent renovations, including a new roof and vinyl siding in 2020, new windows in the main floor and upper units in 2020, a new rear deck in 2021, a new door for the upper unit in 2021, and a new washer and dryer in the upper unit in 2024. The property includes city water and sewer services. Heating is provided by natural gas wall furnaces on each level, supplemented by mini-splits for additional heating and cooling. Buildings with private parking are uncommon in the Village.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TruePoint Investigations, Inc Private Investigator

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.531071
    Latitude
    43.268119

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    FAQs

    What type of property is this?
    Retail space - Commercial building with private parking and residential income potential.
    Where is this retail space located?
    The property is located at 5520 Main St Lexington, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Prime Main Street location in the heart of Lexington with private parking.; - Two income streams: Long-term commercial lease (Cadillac House Hotel fitness facility) and popular AirBnB.; - Move-in ready with recent renovations including new roof, siding, and windows (2020).
    (248) 218-2604
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    5520 Main St Lexington, MI 48450
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    Lexington, MI 48450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5520 Main St Lexington, MI 48450
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