Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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