8050 SUMMERFIELD RD
Lambertville, MI 41844

$280,000
Est. Mortgage: $1,359/mo
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Pending
Commercial

Lambertville neighborhood office center. 7 spaces of approximately 880 square feet each. 3 vacant units. Tenants include; Spa, Hair Cuts, Medical, Transportation. Potential Rental Income $60,000. NOI when full $34,000. 12% capitalization rate as is.

Property Details
  • 1973
    built
  • 3451372
    MLS#
Carpet
Lot acreage is: 0.58
Lot size: 100 x 255
Public water
For sale
For lease
Courtesy of:
Coldwell Banker Haynes R.E.
Fritz, Tom

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Address Distance Sale date Sale price
1711 W Sylvania Avenue 5.29 mi. 5/18/2018 $210,000
9788 S DIXIE HIGHWAY 7.13 mi. 1/9/2015 $235,000
11166 S DIXIE 8.65 mi. 8/7/2013 $295,000
5224 Renwyck Drive 8.85 mi. 5/21/2018 $224,000
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{"markerType": "Sold", "lat": "41.69202", "lng": "-83.58501", "Address": "1711 W Sylvania Avenue", "City": "Toledo", "StateProv": "OH", "ZipCode": "43613"}
{"markerType": "Sold", "lat": "41.79469", "lng": "-83.49639", "Address": "9788 S DIXIE HIGHWAY", "City": "Erie", "StateProv": "MI", "ZipCode": "48133"}
{"markerType": "Sold", "lat": "41.82264", "lng": "-83.48096", "Address": "11166 S DIXIE", "City": "Erie", "StateProv": "MI", "ZipCode": "48133"}
{"markerType": "Sold", "lat": "41.63689", "lng": "-83.66588", "Address": "5224 Renwyck Drive", "City": "Toledo", "StateProv": "OH", "ZipCode": "43615"}
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The approximate monthly principal & interest payment for this property would be $1,359.35.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $14,000. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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8050 SUMMERFIELD Road, Lambertville, MI 41844 commercial offered for sale at $280,000.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the MCAR MLS. Real estate listings held by brokerage firms other than Howard Hanna Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers