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$60,000
Est. payment /mo
1,257 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,257 sqft
Price per Sqft $47
Municipality Southfield City
Subdivision Southfield City
MLS Listing ID 20261037532
Year Built 1977
Annual Tax Amount $2,151
Lot Size 0.890 Acres
Acres 0.89
Lot Dimensions 110 x 80
Source Realcomp
Property Description
Income-producing multi-office condo suite with strong occupancy and additional lease-up upside for sale in Southfield! Suite C-242 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 1,257 sq ft of office space. This suite is currently configured as 5 individual rentable office spaces, with 4 offices occupied and 1 office vacant, making the suite approximately 80% leased.Current rental income is approximately $1,130/month, with additional upside available by leasing the remaining vacant office. This is a great opportunity for an investor seeking existing cash flow, or a future owner-user who may want to occupy one office while continuing to lease the remaining spaces.Conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, this office condo offers accessibility for clients, staff, and professional service users. Monthly condo association dues are approximately $436/month and may cover certain building/common area expenses. Buyer and buyer's agent to verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and all information deemed material.This suite may also be purchased as part of a larger 7-unit office condo portfolio. Seller will consider individual suite sales or package offers.
Location
State MI
County Oakland
Zoning Commercial
Direction Located on Lahser Road in Southfield, between 10 Mile Road and I-696. From I-696, exit at Lahser Road and head south. Property is located at 25140 Lahser Rd within the Matterhorn Office Condominium complex.
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Others
Tax ID 2422351089
Special Listing Condition {"Short Sale Possible":true}
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