4915 Hedgewood Drive new Save Request In-Person Tour Request Virtual Tour
Midland Twp,MI 48640
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,534 sqft
Price per Sqft $292
Subdivision Hedgewood
MLS Listing ID 61050167415
Year Built 1978
Annual Tax Amount $4,187
Lot Size 0.560 Acres
Property Description
LIVE THE LAVISH LIFESTYLE! The Lavish Style Studios Salon building is ready for the next entrepreneur! Move your own business right in or lease it up into a cash flowing investment property. The layout features 6 individual suites with a potential gross monthly rent of over $5,250+ when fully leased. Suites 1 and 2 are occupied by Vital Hydr8 which has a wellness room with cold plunge and infrared sauna along with an IV lounge with lounge chairs. This business and its equipment could be purchased independently by the new owner or could be cleared out prior to closing and the suites owner occupied or leased to any number of tenants including: massage therapist, hair stylist, etc. Suites 3-6 have signed leases through the end of 2025 bringing in approximately $3,200+ per month currently (tenants pay by the week). This 1,534 square foot one story building was built in 1978 and updated in 2024 including a brand new roof. The landlord provides lawn care, snow removal, utilities and some basic interior common area maintenance. Call today for your own private showing!
Location
State MI
County Midland
Area Midland Twp
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air,Central Air
Exterior
Utilities Available Employee Lunch/Lounge,220V Available
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Wood
Schools
School District Midland
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition Full Service