10597 Lewis Avenue $375,000

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    10597 Lewis Avenue Temperance, MI 48182

    • 2,928 sq. ft.
    • 0.42 Acres
    • Commercial
    • MLS# 50123785
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    Views: 45 Days On Site: 209

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    Property Details

    Welcome to this exceptional investment property located in a prime area that promises steady rental income and long-term potential. With a tenant-occupied upstairs unit and a thriving restaurant leasing the lower unit with a remaining lease of 3 years, this property is a smart addition to your portfolio. The upstairs unit is a 2 bedroom, currently occupied by a reliable tenant, ensuring immediate rental income for the new owner. The downstairs unit is a beloved and established restaurant. With a lease in place for the next 3 years, you can enjoy consistent rental income. Don't miss your chance to acquire a well-established investment property with income already in place!

    • General Features
      • Acreage 0.42
      • Area Municipality Temperance (58032)
      • County Monroe
      • Originating MLS Southeastern Border Association of REALTORS
      • Ownership Private
      • Total SqFt Finished 2928
      • Waterfront Y/N No
      • Year Built 1935
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Wood
      • Exterior Features Security Lighting
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Private Well
      • PARKING 21+ Spaces
      • Lot Size 18,295
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Contact

    Amy Schieding

    Amy Schieding

    Owner/Broker/Realtor

    RE/MAX Superiorland

    Direct: 906-202-0340

    Neighborhood

    48182 (Temperance) Demographics

    43 Median Age
    568 Population Density (per sq. mile)
    41% College Educated
    $74,310 Estimated Median Income
    7,547 Estimated Total Home Owners
    1,240 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    22,638 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $245,287 Median Sales Price
    16 Homes Sold
    18 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $375,000
        10/2/2023 4:52:00 PM New in Database Source: Multiple Listing Service New Value: $375,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.