$305,000
SOLD JUN 30, 2025

307 E Bridge St Lyons, MI 48851

-- Bed
-- Bath
3,800 Sq Ft
50,100 Acres

Recently Sold

$80 Per Sq Ft

14% Below List Price

105 Days on Market

Highlights

  • 50,100 Acre Lot
  • Corner Lot: Yes
  • Forced Air Heating System

About This Home

As of June 2025

Opportunity Awaits! This beautiful historic building has 4 updated apartments. New roof, newer mechanical's and so much more. All units are currently rented on a month by month basis. Such a rare find in today's market. Hurry before its gone!

Last Agent to Sell the Property

Shannon Clark

KW Rivertown Hoppough License #6501396557 Listed on: 02/18/2025

KW Rivertown Hoppough

Co-Listed By

Fred Hogle

KW Rivertown Hoppough License #6501377653

Last Buyer's Agent

Ricardo Cottengim

Cody & Co. License #6501449911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $984

Year Built

  • Built in 1885

Lot Details

  • 50,100 Acre Lot
  • Lot Dimensions are 50x100
  • Corner Lot: Yes

Parking

  • 10 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Aluminum Siding

Schools

  • Twin Rivers Elementary School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Laundry in unit
  • Crawl Space
  • Mineral Rights Excluded

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,265
  • Utility Expense $4,146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$984

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1885
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 81.32
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: commercial
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Mineral Rights:No: Yes
  • Substructure:Crawl Space: Yes
  • Roofing:Rubber: Yes
  • General Property Info Elementary School2: Twin Rivers Elementary School
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 309000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Schools

  • Elementary School: Twin Rivers Elementary School

Lot Info

  • Lot Size Acres: 50100.0
  • Lot Size Area: 50100.0
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 2182356000.0
  • Zoning Description: commercial

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Insurance Expense: 2265.36
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 984.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2019
Sold by
Cherpes James F
Bought by
Cherpes Lance
Current Estimated Value
$302,820

Purchase Details

Closed on
Aug 28, 2018
Sold by
Cherpes Rosilee
Bought by
Cherpes James F

Purchase Details

Closed on
Mar 3, 2016
Sold by
Odonnell Wanda K
Bought by
Mercantile Bank Of Michigan

Purchase Details

Closed on
Oct 4, 2004
Sold by
Baker Keith D and Baker Patricia E
Bought by
Odonnell Wanda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
5.93%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Sheriffs Deed $31,726 None Available
Warranty Deed $45,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $73,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Sold $305,000 -1.3% $80 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/12/2025 05/12/25 Price Changed $309,000 -7.8% $81 / Sq Ft
03/06/2025 03/06/25 Price Changed $335,000 -5.6% $88 / Sq Ft
02/18/2025 02/18/25 For Sale $354,900 -- $93 / Sq Ft
Source: MichRIC

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $776 $18,900 $1,800 $17,100
2024 $4 $18,900 $1,800 $17,100
2023 $337 $14,400 $1,600 $12,800
2022 $321 $14,400 $1,600 $12,800
2021 $948 $15,100 $1,800 $13,300
2020 $342 $15,100 $1,800 $13,300
2019 $411 $15,100 $1,700 $13,400
2018 $1,050 $33,900 $1,800 $32,100
2017 $414 $33,900 $1,800 $32,100
2016 $411 $32,700 $1,800 $30,900
2015 -- $32,700 $1,800 $30,900
2014 -- $33,700 $7,200 $26,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 25005973

MichRIC

APN: 081-090-000-880-10

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