Sold
Last Sold Price
1,756 sqft$105/sqft
7308 Lakeshore Road, Lexington, MI 48450
Multi FamilyProperty Type
0.46 acresLot Size
1945Year Built
$105/sq ftPrice per sq ft

Description

Amazing cash flow opportunity in lexington heights! This property features a package deal with a two unit storefront, 1800+ 3 bedroom, 2 bath house, pole-barn and deeded beach rights! Interior of house was recently renovated throughout. Great exposure on m-25 with high traffic flow! This place could be an ideal spot for an entrepenuer to live in the house and run a business from the storefronts! Call to schedule a showing today to see everything this place has to offer!Amazing cash flow opportunity in lexington heights! This property features a package deal with a two unit storefront, 1800+ 3 bedroom, 2 bath house, pole-barn and deeded beach rights! Interior of house was recently renovated throughout. Great exposure on m-25 with high traffic flow! This place could be an ideal spot for an entrepenuer to live in the house and run a business from the storefronts! Call to schedule a showing today to see everything this place has to offer!
  • Listed by: Joshua Wallace 810.488.2490 homesbuywallace@gmail.com • Wallace and Associates Real Estate
Listing closed: 05/14/2024 12:00 AM • Source: MiRealSource, MLS#: 60268615

Recent comparable sales

Median sold price

$195,000

Lexington, MI

9 comparable properties found

1

$216,200

Sold 10/18/24

Unavailable
Bedrooms
2.5
Bathrooms
1,650
Square Feet
0.11
Acres
2

$190,000

Sold 05/23/25

Unavailable
Bedrooms
2
Bathrooms
1,816
Square Feet
1.15
Acres
3

$185,000

Sold 06/26/25

Unavailable
Bedrooms
2
Bathrooms
1,737
Square Feet
0.59
Acres
4

$200,000

Sold 12/23/25

Unavailable
Bedrooms
2
Bathrooms
1,764
Square Feet
0.33
Acres
5

$195,000

Sold 12/17/25

Unavailable
Bedrooms
2
Bathrooms
1,683
Square Feet
0.27
Acres
6

$198,000

Sold 03/14/25

Unavailable
Bedrooms
2
Bathrooms
1,750
Square Feet
0.33
Acres
7

$195,000

Sold 10/08/25

Unavailable
Bedrooms
2
Bathrooms
1,672
Square Feet
0.19
Acres
8

$175,000

Sold 07/31/25

Unavailable
Bedrooms
1,696
Square Feet
0.32
Acres
9

$200,000

Sold 06/19/25

Unavailable
Bedrooms
2
Bathrooms
1,872
Square Feet
0.11
Acres

Location

Listing Courtesy of Wallace and Associates Real Estate

Sold By Premier Properties Inc

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Payment Calculator

$1,172 per month

30 year fixed, 6.55% Interest

Principal and Interest

$940

Property Taxes

$232

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7308 Lakeshore Road

Property Details
  • Taxes: $2,783 / year
  • MLS Type: Residential Income / Multi Family
  • Architectural Style: 2 Story
  • Subdivision Name: GREAT LAKES BEACH
  • Has Waterfront: No
  • Zoning Description: Mixed Use
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1945
  • Lot Size: 0.46 AC / 20,037 SF
Summary
Location and General Information
  • Cross Street: Cedar Rd.l
  • Directions: M-25 to Lexington Heights, Located on the West side of Rd. between Cedar Rd and Dogwood Rd.
  • Latitude: 43.217198
  • Longitude: -82.528103
  • MLS Area Major: Worth Twp (76026)
  • Senior Community: No
  • Township: Sanilac Worth Twp
Taxes and HOA
  • Parcel Number: 26130000060000
  • Tax Annual Amount: $2,783.00
  • Tax Assessed Value: 35037
School Information
  • High School District: Croswell Lexington
Parking
  • Attached Garage: No
Property
Lot Information
  • Frontage Length: 200.0
  • Lot Size Acres: 0.46
  • Lot Size Area: 0.46
  • Lot Size Units: Acres
  • Lot Size Dimensions: 100X200
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 1756.0
  • Building Area Total: 1756.0
  • Living Area: 1756.0
  • Living Area Source: Prior Listing
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1945
Building Features
  • Construction Materials: Stone, Aluminum Siding
  • Foundation Details: Michigan Basement, Stone, Sump Pump
  • Levels: Two
  • Roof: Asphalt
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Has Cooling: No
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
Income & Expenses
  • Gross Scheduled Income: $24,000

Property History for 7308 Lakeshore Road

DateEvent & SourcePriceAppreciation
May 14, 2024

Sold

Realcomp #20230093492

$185,000
May 14, 2024

Sold

MiRealSource #60268615

$185,000
Apr 15, 2024

Contract Signed

Realcomp #20230093492

DateEvent & SourcePrice
05/14/2024

Sold

Realcomp #20230093492

$185,000
05/14/2024

Sold

MiRealSource #60268615

$185,000
04/15/2024

Contract Signed

Realcomp #20230093492

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7308 Lakeshore Road

Taxable ValueLand-Additions-Total-
Tax Record2024$2,468 ($206 / month)
Home Facts
Lot Size20,038 SqFtStyleMiscellaneous CommercialCountySANILACAPN261-300-000-600-00

Schools near 7308 Lakeshore Road

This home is within Croswell-Lexington Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 6 to 12
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Meyer Elementary School
PublicPK to 4

Pioneer High School
Public6 to 12

Croswell-Lexington Middle School
Public5 to 8

Croswell-Lexington High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7308 Lakeshore Road, Lexington, MI 48450
$185,000
1,756
20,037
6,098
20,038
$35,000
10,019
$39,000
1
864
11,761
10,019

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wallace and Associates Real Estate

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.