Address
5426 Main St Lexington, MI
Price
$ 639,900
Property Attributes
  • MLS#50019789
  • TypeCommercial
  • CountySANILAC
  • CityLexington
  • AreaLexington
  • NeighborhoodLexington
  • Zip48450
  • StyleCommercial/Industrial
  • Price$ 639,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4000
  • Lot Size0.82 Acres
Listing Provided Courtesy Of:
Bauer-Reno & Assoc Real Estate
Data Source:
Michigan Multiple Listing Service
Property Description

Over $1.1mill invested! Great Business opportunity w/unlimited potential! 2 commercial buildings & 1 apartment building w/2 units. One of the commercial spaces is currently a 24/7 laundromat produces over $90,000 a year of income. The 2nd is a full commercial kitchen w/$120,000 worth of equipment. Kitchen could be used to operate a deli, or small restaurant in the heart of Downtown Lexington. Kitchen includes; Refrigerator & Freezer units, Hussman glass showcase refrigerator, 12 foot hood vent w/clean air/make-up return. Fire suppression system, ice maker, rotisserie, 4 burner stove, 32 " grill top, & 2 prep stations. Top of line Micro Boiler system, new plumbing, electrical & drywall. The Landromat comes w/over $240,000 worth of equipment that is only 8 years old; 16 washers, 16 dryers, 2 restrooms, 3 vending machines, and multiple misc items. The property also includes an Apt building w/2 units that can easily be converted into 3 units or 1 large single family residence.

Price History
8/6/2020 Listed $650,000
10/3/2020 2% - $639,900

General Features

Class COM/IND/BUS OPP
Cooling Ceiling Fan(s)
Financial Terms Cash, Conventional
Heating Forced Air
Listing Area Lexington (76035)
Municipality Lexington
Originating Mls MiRealSource
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 2002
Zoning Commercial, Residential

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Brick
Foundation Type Crawl, Slab
Lot Dimensions 174x191x144x47x26x146
Lot Size Area 0.82
Roads Paved Street
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48450

Price
AVG $260K
$640K
Visits
AVG 21
348
Year Built
AVG 1960
2002
Walkscore
AVG 31
59
Data Provided by Walkscore ® not using MLS data