$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
  • 1 Fireplace

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

Interior Spaces

  • 1 Fireplace
  • Basement
  • Crawl Space
  • Laundry in unit

Location

  • Mineral Rights Excluded

Schools

  • Twin Rivers Elementary School

Utilities

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

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:Annual Property Tax: 984.0
  • 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

  • Fireplaces: 1
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

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 $350 $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

  • S

    Seller's Agent in 2025

    Shannon Clark

    KW Rivertown Hoppough

    (989) 292-7193

    101 Total Sales

    Shannon Clark
    Section Image

  • F

    Seller Co-Listing Agent in 2025

    Fred Hogle

    KW Rivertown Hoppough

    (989) 292-0496

    70 Total Sales

    Fred Hogle
    Section Image

  • R

    Buyer's Agent in 2025

    Ricardo Cottengim

    Cody & Co.

    (810) 300-5073

    22 Total Sales

    Ricardo Cottengim
    Section Image
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Map

Source: MichRIC

MLS Number: 25005973

MichRIC

APN: 081-090-000-880-10

Michigan Ionia County Lyons 48851

307 E Bridge St, Lyons, MI

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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