5381 Main Street $499,900

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    5381 Main Street Lexington, MI 48450

    • 5,000 sq. ft.
    • 1.49 Acres
    • Commercial
    • MLS# 50132891
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    Views: 39 Days On Site: 289

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    Property Details

    Description Tours

    Four commercial parcels with one full block of Main Street frontage (330 feet), plus two other streets (220 feet on Wayne; 99 on Jefferson)! Endless possibilities for any entrepreneur! Already zoned for multiple uses, this opportunity to develop any number of enterprises within the Village of Lexington is priceless. With access from the three streets, traffic flow into and out of the already established parking lots could easily be established. The two-story commercial building and the smaller garage-type of building is ready for occupancy now. Two commercial restrooms on the main floor of the commercial building, appliances, and only one block from downtown Lexington only adds to the appeal of this commercial deal.

    • General Features
      • Acreage 1.49
      • Area Municipality Lexington (76035)
      • County Sanilac
      • Originating MLS MiRealSource
      • Ownership Other/See Remarks
      • Total SqFt Finished 5000
      • Waterfront Y/N No
      • Year Built 9999
      • ZONING Mixed Use
    • Building Features
      • Cooling System Wall/Window A/C
      • Exterior Construction Aluminum, Block
      • Foundation Type Slab
      • Heating System Baseboard, Boiler
      • FUEL TYPE Natural Gas
      • Roofing Asphalt, Rubber
    • Property Features
      • Water Public Water
      • PARKING 21+ Spaces,Off Street,Parking Lot
      • Lot Size 4 parcels, mixed use
      • Roads City/County, Class A, State, U.S. Highway
      • Sewer Septic Public Sanitary

    Neighborhood

    48450 (Lexington) Demographics

    57 Median Age
    186 Population Density (per sq. mile)
    38% College Educated
    $46,836 Estimated Median Income
    1,878 Estimated Total Home Owners
    515 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,561 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $260,000 Median Sales Price
    5 Homes Sold
    14 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: $499,900
        8/19/2024 1:07:09 PM Price Reduced Source: Multiple Listing Service New Value: $499,900 -9.11%
        2/6/2024 12:51:00 PM New in Database Source: Multiple Listing Service New Value: $550,000

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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.