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$275,000
Est. payment /mo
22,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,300 sqft
Price per Sqft $12
Municipality Southfield City
Subdivision Southfield City
MLS Listing ID 20261035637
Year Built 1977
Annual Tax Amount $11,961
Lot Size 8.860 Acres
Acres 8.86
Lot Dimensions 110x80
Source Realcomp
Property Description
Income-Producing Office Condo Portfolio For Sale! Rare opportunity to acquire a multi-suite commercial office condo package located at 25140 Lahser Rd in Southfield. This offering includes 7 office condo suites totaling approximately 6,001 sq ft within the Matterhorn Office Condominium complex. Suites included are C-123, C-203, C-212, C-232, C-242, C-252, and C-271. The 7 office condo units are currently configured as 22 individual rentable office suites, with 17 suites occupied and 5 suites vacant, making the portfolio approximately 77% leased. The building has a total of 20 units.The portfolio is currently rented and generating rental income, making this an attractive opportunity for an investor seeking immediate cash flow, or an owner/investor looking to hold, lease, or potentially resell individual suites in the future. Condo association dues cover certain building/common area expenses, which include common area utilities, trash pickup, portions of repairs, and building-related insurance items. Buyer and buyer's agent to verify all association coverage, lease details, rental income, taxes, square footage, bylaws, allowable uses, and all information deemed material. These items will only be sent with a signed NDA.Convenient Southfield location near Lahser Rd, 10 Mile, Telegraph, Northwestern Hwy, and I-696. Great opportunity to own a rented office condo package in a well-established commercial corridor.Seller may consider land contract terms with a minimum $200,000 down payment. Remaining balance of $99,999 to be paid over 24 months at 5% annual interest. Final terms subject to seller approval.
Location
State MI
County Oakland
Zoning Commercial,Office
Direction Lahser Road, south of I-696 and north of 10 Mile Road. Property is located on the east/west side of Lahser at 25140 Lahser Rd, Southfield, MI 48033.
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Others
Tax ID 2422351086
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Listed by Front Page Properties
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