25140 Lahser Road C232, Southfield City, MI 48033
MATTERHORN OFFICE CONDO OCCPN 108 · Oakland County
Key Facts
Description
Income-producing multi-office condo suite with lease-up upside for sale in Southfield! Suite C-232 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 1,010 sq ft of office space. This suite is currently configured as 6 individual rentable office spaces, with 4 offices occupied and 2 offices vacant, making the suite approximately 66.67% leased. Current rental income is approximately $1,250/month, with additional upside available by leasing the remaining vacant offices. This is a strong opportunity for an investor seeking existing rental income plus room to increase cash flow, or a future owner-user who may want to occupy part of the suite while continuing to lease the remaining offices. 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 $350/month and cover certain building/common area expenses. Buyer 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.
Property Information
Property Type
Commercial Sale
Year Built
1977
Living Area
1,010 sq ft
Lot Size
8.86 acres
Lot Dimensions
110 X 80
Days on Market
45
MLS® Listing#
20261037495
Property Features
- Cooling:
- None
- Heating:
- None
- Basement:
- Crawl Space
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $2,514
- Assessed Value:
- $35,859
- Parcel #:
- 2422351088
Directions
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.
Affordability Calculator
$10,000
Estimated monthly payment
$266/mo
Principal $40,000 · Est. interest $55,804 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Southfield City, MI
- $236,825
- Median Listing Price
- 80
- Median Days on Market
- 1,454
- Median Sq Ft
- $153
- Median Price / Sq Ft
- 13,652
- Active Listings
- This home’s price is 79% below the area median.
- Its price per sq ft is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Southfield City, MI.
Location
- 25140 Lahser Road C232, Southfield City, MI 48033
Walk Score
Nearby Schools
Brace Lederle K 8 World Languages Elementary School
Elementary · 0.3 mi away
Laurus Academy
School · 0.3 mi away
Southfield High School
Secondary · 0.3 mi away
Crescent Academy
School · 0.3 mi away
University High School Academy
School · 0.3 mi away
Southfield Public Schools
Secondary · 0.4 mi away
Joyful Noise Early Learning Center
School · 0.9 mi away
Beecher Etiquette School of Mi
School · 1.0 mi away
Word Faith Christian Center CH
School · 1.2 mi away
Kidz World Woficc
School · 1.2 mi away
Victory Learning Center
School · 1.2 mi away
Adlai Stevenson Elementary School
Elementary · 1.3 mi away
Champions at Adlai E. Stevenson Elementary
Elementary · 1.3 mi away
Bradford Academy
School · 1.3 mi away
Southfield Public Schools
Elementary · 1.4 mi away
Champions at Eisenhower-Levey
Elementary · 1.4 mi away
Morris Adler Elementary School
Elementary · 1.4 mi away
Leonard Elementary School
Elementary · 1.5 mi away
Early Impressions
School · 1.6 mi away
Taylor International Academy
School · 1.6 mi away
Commute Calculator
Nearby Homes
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Moving Cost Estimate
EXIT Agents in Southfield City
Listing Courtesy: Front Page Properties - 3138779020
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