See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5454 Main St, Lexington, MI, 48450

4beds
3baths
2,145sqft
$439,000
$205price/sqft
$3,603/moest. monthly cost
$144,120/yrincome needed

About This Home

A great opportunity to live in downtown Lexington! Formerly the retail shop, Gatherings, for many years, this is within easy walking distance of everything downtown. The grounds offer very healthy perennials for every season, making the curb-appeal even more desirable. The 4 bedrooms, one down, 3 up are very vintage and can be decorated with a variety of styles. The property has been well-maintained over the years, but it is time for someone to make even more than what it already is! How about it? Are you ready for a change? Property is also being offered as a commercial property, with inventory included, for $455,000. Extra storage with the 8 X 12 garden shed, 8 X 10 utility barn and two-story 30 X 40 barn. With the charm of the "closer up north" Village of Lexington, your business will thrive with the walkability of this location that is downtown! Bring your imagination, business plan and make your dream come true.

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

7/10
Meyer Elementary SchoolGrades PK-40.2 mi
8/10

Construction

Condition

  • Year built: 1895

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Conventional Frame
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: Main

Bedroom1

  • Level: Upper
  • Area: 143

Bedroom2

  • Level: Main
  • Area: 144

Bedroom3

  • Level: Upper
  • Area: 156

Bedroom4

  • Level: Upper
  • Area: 165

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 1/2 bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,145

Heating

  • Heating features: Baseboard,Boiler,Natural Gas

Interior Area

  • Total structure area: 2,145
  • Total interior livable area: 2,145 sqft

Property

Details

  • Parcel number: 152 300 000 020 01
  • Zoning description: Commercial,Mixed Use,Residential
  • Special condition: Trust

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Porch
  • Frontage type: Road
  • Frontage length: 85

Lot

  • Lot size: 0.26 Acres
  • Features: Large Lot - 65+ Ft.,Main Street,Sidewalks
  • Lot size dimensions: 85 x 132

Parking

  • Total spaces: 4
  • Parking features: 3 or More Spaces,On Street,Detached,Workshop in Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Ice Storm
Strong Wind
Winter Weather
Hail
Tornado
Tsunami

FEMA Declared Disasters in Sanilac County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,219$26,628
Home Insurance *$312$3,744
Property Taxes $839$10,068
Electricity $233$2,807
Total$3,603$43,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$123,531/yr
40% on housing$108,090/yr
45% on housing$96,080/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.4%
14.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.9%
-0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$205This listing

vs Other Active Listings

Avg $/sqft

ZIP 48450$177
Sanilac County$163

vs Homes Sold Last Month

Median $/sqft

ZIP 48450
Sanilac County$114

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-13Listed for sale$439,000

For Sale by Agent

AgentDennis Quinn
BrokeragePremier Properties Real Estate LLC

Similar Homes