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    7340 Lakeshore Rd Lexington, MI 48450

    For Sale
    $225,000

    US-25 Frontage, 3240 sq ft, $225,000

    Property size:
    3,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, situated at 7340 Lakeshore Road in Lexington, Michigan, presents a unique investment opportunity. Boasting 3,240 square feet of space, this industrial building is ideally located on US-25 (Lakeshore Road), ensuring high visibility and convenient access. Previously utilized as a tool and die shop, the building offers versatile potential for a variety of businesses. The property sits on a 0.23-acre lot and benefits from readily available city water and sewer services. This is a significant advantage for prospective buyers, eliminating the need for costly private system installations. It's important to note that there is an outstanding Worth Township sewer assessment associated with the property. This assessment may be assumed by the buyer at closing, providing a potential cost-saving opportunity depending on the buyer's financial strategy. The building's strategic location, ample square footage, and existing infrastructure make it an attractive proposition for entrepreneurs and investors seeking a well-positioned commercial space in a thriving community. The property is commercially zoned, offering flexibility for a range of permitted uses. Serious inquiries are encouraged to explore the full potential of this valuable asset. Contact us today to schedule a viewing and discuss the details further.

    Property Features for 7340 Lakeshore Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    3,240 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.52814
    Latitude
    43.21624

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    FAQs

    What type of property is this?
    Industrial property - US-25 Frontage, 3240 sq ft, $225,000
    Where is this industrial property located?
    The property is located at 7340 Lakeshore Rd Lexington, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    (810) 359-5000
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    7340 Lakeshore Rd 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
    7340 Lakeshore Rd Lexington, MI 48450
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