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    281 Lake St Roscommon, MI 48653

    For Sale
    $339,900

    High-yield, government-leased property.

    Property size:
    2,550 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 2,550 square foot post office building situated on a 0.8-acre lot in Roscommon, Michigan. Currently operating under a robust, four-plus-year lease with the Federal Government, this property offers a secure and stable stream of passive income. The building boasts a recently installed rooftop HVAC system, eliminating immediate concerns regarding significant maintenance expenses. Furthermore, a comprehensive assessment reveals no known deferred maintenance issues, ensuring a smooth transition for the new owner. This is the largest post office in the county, signifying its importance to the community and the likelihood of continued, long-term government occupancy. The property's strategic location within Roscommon provides convenient access to local amenities and a strong customer base. All showings are by appointment only, and must take place after 11:00 AM. This is a rare chance to acquire a turnkey, high-return investment with minimal operational overhead and a secure, long-term lease. Don't miss this opportunity to secure a valuable asset in a stable market.

    Property Features for 281 Lake St

    General Information

    Property type
    Investment properties
    Square Feet
    2,550 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United States Postal ... Post Office Kelley's Clean Cut ... Lawn Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Roscommon
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.59734
    Latitude
    44.4942

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    FAQs

    What type of property is this?
    Investment property - High-yield, government-leased property.
    Where is this investment property located?
    The property is located at 281 Lake St Roscommon, MI.
    What is the asking price?
    The asking price for this property is $339,900.
    (989) 366-5522
    Request Owner's contact information
    281 Lake St Roscommon, MI 48653
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    Roscommon, MI 48653
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    Realmo Value Estimation

    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.

    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.

    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
    281 Lake St Roscommon, MI 48653
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