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$549,900
Est. payment /mo
4,648 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,648 sqft
Price per Sqft $118
Subdivision Mi
MLS Listing ID 60954461
Annual Tax Amount $13,747
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 200 x 135
Property Sub-Type Commercial/Industrial
Property Description
Looking for a high-visibility commercial space in Lathrup Village with stable rental income and prime road exposure? This standalone mixed-use property on W 11 Mile offers excellent investment potential just minutes from major freeways. This 4,648 square foot building is currently configured as a salon and office space. The front salon unit is leased at $4,000/month to long-term tenants who wish to remain, offering immediate cash flow. The layout supports flexible use, ideal for owner-occupants, investors, or professionals seeking high-traffic frontage in a well-connected corridor. Recent improvements include a newer roof and gutters, reducing near-term capital expenses. The building is zoned for commercial use and located within the Southfield Public School District, offering potential value-add for future redevelopment or expanded services. With easy access to Southfield Rd, I-696, and nearby city amenities, this site benefits from consistent vehicle and foot traffic. Ample visibility and convenient access make it a standout choice for businesses that rely on exposure.
Location
State MI
County Oakland
Area Lathrup Village (63243)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Foundation Slab
Water Other-See Remarks
Structure Type Brick,Vinyl Siding
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by EXP Realty Main
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