Fully Occupied Triplex with GC
For Sale
$389,900
7038 Whitmore Lake Rd, Whitmore Lake, MI 48189
Triplex investment property with General Commercial zoning, generating steady rental income and offering commercial redevelopment flexibility.
Property SizeContact for details
Lot Size1.08 Acres
Days on Market55
Property Features for 7038 Whitmore Lake Rd
General Information
Standard status
Active
Lot size
1.08 Acres
Property subtype
Investment
Zoning
General Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,904
Building Details
Year Built
1960
Units
3
Tenancy
Multi
Listing Agency:
Beal Properties LLC
(734) 707-6375
Listed By:
Abby Chase
(734) 707-6375
Source:
Elliman
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beal Properties LLC
Investment Insights
Based on property information with market context.
This fully occupied triplex is situated on approximately 1.08 acres and is generating $3,600 per month, or $43,200 annually, in gross rental income. The building is home to long-term tenants who would like to remain, supporting stability with day-one occupancy. The property is presented for sale with General Commercial (GC) zoning, which allows for commercial-oriented uses, including potential redevelopment, expansion, or owner-user and mixed-use concepts, subject to Township approval.
The property is located at 7038 Whitmore Lake Rd in Northfield Township, Washtenaw, MI. It is described as having strong visibility along Whitmore Lake Road, with convenient access and close proximity to US-23.
For investors or owner-users, the combination of a stabilized, fully occupied triplex and GC zoning can be useful for buyers seeking current income while evaluating longer-term options. Showings are by appointment only, and tenants should not be disturbed.
The property is located at 7038 Whitmore Lake Rd in Northfield Township, Washtenaw, MI. It is described as having strong visibility along Whitmore Lake Road, with convenient access and close proximity to US-23.
For investors or owner-users, the combination of a stabilized, fully occupied triplex and GC zoning can be useful for buyers seeking current income while evaluating longer-term options. Showings are by appointment only, and tenants should not be disturbed.
Key Highlights
- Fully occupied triplex built in 1960 on approximately 1.08 acres.
- General Commercial (GC) zoning with potential for redevelopment, expansion, or owner‑user/mixed‑use concepts (subject to Township approval).
- Generates $3,600/month ($43,200/year) in gross rental income from long‑term tenants.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 48189, MI
14,038
Population
6,196
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
410
Density / Sq Mi
$82,433
Median Household Income
$48,223
Median Earnings
$1,228
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex investment property with General Commercial zoning, generating steady rental income and offering commercial redevelopment flexibility.
Where is this triplex located?
The property is located at 7038 Whitmore Lake Rd Whitmore Lake, MI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Fully occupied triplex built in 1960 on approximately 1.08 acres.; General Commercial (GC) zoning with potential for redevelopment, expansion, or owner‑user/mixed‑use concepts (subject to Township approval).; Generates $3,600/month ($43,200/year) in gross rental income from long‑term tenants.
