• MLS® #: 219035928
  • 131 E Walled Lake

  • Walled Lake, MI 48390
  • $374,900
  • 3900
  • Commercial
  • Office: Suburban Real Estate Group

REMARKABLE INVESTMENT OPPORTUNITY*** 2 RETAIL/OFFICE SPACES ON MAIN FLOOR CURRENTLY LEASED WITH MULTIPLE YEAR LEASES - ONE 3 YEAR LEASE AND ONE 5 YEAR LEASE***EXCEPTIONAL RENTAL HISTORY ON THE 4 RENTAL APARTMENTS ON 2ND FLOOR: 2 ARE ONE BEDROOM UNITS AND 2 ARE EFFICIENCY UNITS AND ARE ALSO FULLY LEASED ***MODEST LEVERAGE AT CURRENT INTEREST RATES WILL PROVIDE EXCEPTIONAL RETURN ON EQUITY**ACROSS THE STREET FROM BEACHFRONT PARK AND POPULAR LAKEFRONT RESTAURANT***NOTE: TENANTS NOT TO BE DISTURBED!***LISTOR TO ACCOMPANY ALL SHOWINGS PLEASE NOTE: ADDRESS THROUGH TAXING RECORDS 131 E WALLED LAKE DRIVE - ADDRESS THROUGH UTILITY COMPANIES AND USED ON THE BUILDING 123 E WALLED LAKE DRIVE (INSURANCE OFFICE), 125 E WALLED LAKE DRIVE (4 APARTMENT TENANTS 2ND FLOOR), 127 E WALLED LAKE DRIVE (REAL ESTATE/MORTGAGE OFFICE)

Essential Information

  • MLS® #219035928
  • Price$374,900
  • Total Sq. Ft3,900
  • Acres0.00
  • Year Built1920
  • TypeCommercial
  • StatusActive

Sub-Type

Apartments, Commercial, Real Estate Only

Community Information

  • Address131 E Walled Lake
  • Area02173-Walled Lake
  • CityWalled Lake
  • CountyOakland
  • StateMI
  • Zip Code48390

Subdivision

Suprvr's Plat No 2 - Walled Lake

Amenities

  • UtilitiesCable TV, Smoke Alarm

Exterior

  • ExteriorBrick, Wood
  • Exterior FeaturesOutside Lighting
  • FoundationBasement

School Information

  • DistrictWalled Lake

Property Summary -- Suprvr's Plat No 2 - Walled Lake: Located in Walled Lake in the 48390 zip code, this home was built in 1920 and is 3,900 square feet with Unknown bedrooms and Unknown bathrooms on 0.00 acres. It has been on the market for 210 days with an original listing price of $374,900. 131 E Walled Lake is part of the Walled Lake School District.

Property Location

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