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    10222 Town Line Rd, Unit unit A B C D Union Pier, MI 49129

    Sponsored
    For Sale
    $3,995,000

    MULTI_FAMILY - Union Pier, MI

    Lot size:
    0.46 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 4 at 7:06 pm

    Property Features for 10222 Town Line Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 6, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 5
    Bedrooms
    7
    APN
    11-13-5150-0001-00-0
    Parking
    8
    Parking features
    Driveway
    Basement
    Crawl Space
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1949
    Number of units
    4
    Roof type
    Metal

    We can help!

    Listing Contact
    Mara Walsh

    Coldwell Banker Residential Brokerage (847) 313-6751

    Listing agent Mara Walsh (773) 220-9062

    Listing date Mar 4, 2026

    MLS# 26008018 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Union Pier Cottages Collection

    The Townie Cottages Collection is an exclusive lake town retreat envisioned by Kate Marker Interiors. The property is located steps from Townline Public Beach and Gordon Association Beach, and a short walk to downtown Union Pier, as well as the bike and walking path connecting neighboring communities. The four cottages provide 7 bedrooms, 5.5 baths, and accommodations for up to 22 guests. This offers flexibility for multigenerational living, shared ownership, or short-term rental income. Outdoor spaces include gathering areas, natural surroundings, and access to two beaches. There is a resort-style pool, outdoor dining areas, chaise loungers, and a lawn. Each cottage blends livability with sophistication. Private features include designer white oak kitchens with appliances, fireplaces, dining spaces, hot tubs, and outdoor showers. The 0.46-acre property also presents the opportunity to construct a pool house, dining pavilion, or lounge space. Townie 1 - The Ivy sleeps 4, with 1 king bedroom and a sleeper sofa. The bathroom has a tub and a separate shower. Townie 2 - The Sage sleeps 6, with a king bed in the primary bedroom and full-over-full bunk beds in the secondary bedroom. Both bedrooms have ensuite bathrooms, with the primary featuring a shower/tub combo. Townie 3 - The Moss sleeps 6, with one queen bedroom, and the other bedroom has a twin bunk bed with 2 additional twin beds. The bathroom has a large shower, dual sinks, and is shared by both bedrooms. Townie 4 - The Fern is a 2-story unit that sleeps 6, with a sleeper sofa and powder room on the main floor. Upstairs, there are 2 bedrooms that share a large bathroom with a shower. One bedroom has a queen bed, and the other has a twin-over-full bunk bed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union Pier
    County
    Berrien
    State
    Michigan
    Longitude
    -86.700217
    Latitude
    41.827824

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    FAQs

    What type of property is this?
    Multifamily property - Exclusive lake town retreat near beaches and downtown Union Pier.
    Where is this multifamily property located?
    The property is located at 10222 Town Line Rd, Unit unit A B C D Union Pier, MI.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Steps from Townline Public Beach and Gordon Association Beach, offering immediate access to Lake Michigan.; - Four cottages accommodating up to 22 guests, ideal for multigenerational living, shared ownership, or short-term rentals.; - **Designed by Kate Marker Interiors, featured in Architectural Digest and Luxe Interiors + Design.**
    (773) 220-9062
    Request Owner's contact information
    10222 Town Line Rd, Unit unit A B C D Union Pier, MI 49129
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    Union Pier, MI 49129
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10222 Town Line Rd, Unit unit A B C D Union Pier, MI 49129
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    Listing Contact
    Mara Walsh
    (773) 220-9062
    Learn more
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