25140 Lahser-Multiple Suites Road 123, 203, 212, 232, 242, 252, Unit 123, 203, 212, 232, 242,, Southfield City, MI 48033
MATTERHORN OFFICE CONDO OCCPN 108 · Oakland County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1977
Living Area
22,300 sq ft
Lot Size
8.86 acres
Lot Dimensions
110x80
Days on Market
50
MLS® Listing#
20261035637
Property Features
- Cooling:
- None
- Heating:
- Electric
- Construction:
- Brick
- Foundation:
- Slab
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $11,962
- Assessed Value:
- $199,420
- Parcel #:
- 2422351086
Directions
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.
Affordability Calculator
$55,000
Estimated monthly payment
$1,464/mo
Principal $220,000 · Est. interest $306,920 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 16% above the area median.
- Its price per sq ft is 92% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Southfield City, MI.
Location
- 25140 Lahser-Multiple Suites Road 123, 203, 212, 232, 242, 252, Unit 123, 203, 212, 232, 242,, 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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