Short-Term Rental Income
2380 S Patterson Road Shelbyville, MI 49344
2380 S Patterson Road, Shelbyville, MI, 49344
$175,000
For Sale
$175,000
COMMERCIAL - Shelbyville, MI
Property Size1,782 SF
Lot Size0.24 Acres
Price / SF$98.20
Days on Market103
Property Features for 2380 S Patterson Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 12
- Standard status
- Active
- APN
- 15-500-026-00
- Size
- 1,782 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 15-500-026-00
- Tax Annual Amount
- 1500
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s)
- Water source
- Private
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 2001
- Number of units
- 4
- Building materials
- Wood Siding, Metal Siding
- Roof type
- Metal
Listing Agency
Northern Star Real Estate
(616) 886-2434
3349 Dumont Lake Drive, Allegan, MI
Listed by
John C Brown
(616) 886-2434
Added: Apr 7 Checked: Jul 18 at 3:06 am
MLS# 26013840
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.
Investment Insights
Based on property information with market context.
This property is a residential income asset with a total building size of 1,782 square feet on a 0.24-acre lot. It is being sold in as-is condition, for cash, and is positioned for short-term rental use with township approval noted in the listing remarks.
The building is located across the street from the Gun Lake launch site and boat launch. That proximity to water recreation may be important for operators considering a short-term rental concept tied to guest access to the area.
For buyers or operators looking for a small-footprint residential income property, the as-is structure and documented township approval are practical factors to evaluate. The configuration is set up as a single property offering within the stated site footprint, and the sale terms emphasize due diligence prior to closing. Prospective tenants or investors should review the property condition and any applicable approvals directly, given the as-is cash sale and the short-term use context described in the remarks.
The building is located across the street from the Gun Lake launch site and boat launch. That proximity to water recreation may be important for operators considering a short-term rental concept tied to guest access to the area.
For buyers or operators looking for a small-footprint residential income property, the as-is structure and documented township approval are practical factors to evaluate. The configuration is set up as a single property offering within the stated site footprint, and the sale terms emphasize due diligence prior to closing. Prospective tenants or investors should review the property condition and any applicable approvals directly, given the as-is cash sale and the short-term use context described in the remarks.
Key Highlights
- Across the street from the Gun Lake launch site and boat launch
- Lake access is listed as a waterfront feature
- Built in 2001 with metal roof and wood/metal siding
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $12.36 |
| − Vacancy | −$1.2k | −$0.69 |
| EGI | $20.8k | $11.67 |
| − OpEx | −$9.4k | −$5.25 |
| NOI | $11.4k | $6.42 |
1,782 SF · lease $12.36/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$163.4K
$143.0K – $190.6K
NOI $11,436 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$16.73M
$14.64M – $19.52M
NOI $1,171,438 @ 7.0% cap · market cap 669.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Residential income property near a boat launch, sold as-is, with township approval for short-term use.
Where is this short term rental property located?
The property is located at 2380 S Patterson Road Shelbyville, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Across the street from the Gun Lake launch site and boat launch; Lake access is listed as a waterfront feature; Built in 2001 with metal roof and wood/metal siding
