Listing Agency: Real Estate One Of Presque Isle. Show Phone

Listed By: Amy Muckle

Source: Smithrealtygaylord

Added: Jun 25 Changed: Aug 8 Last Checked: Aug 12 at 7:06AM

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Investment Insights

Based on property information with market context.

This one-of-a-kind mixed-use building features two complete living areas/apartments that can be used separately or together. The interior includes an owner-designed common area with a café concept and lake-facing views. Additional space is available through two office spaces, and the layout is supported by abundant storage across the main floor, upper level, and basement. A dedicated loading dock area is also included to support additional storage and shipping needs.

The property is positioned across from Lake Huron, with expansive windows overlooking the water. It also offers quick, easy lake access, making the lake views and outdoor setting a prominent part of the experience. Outside, there is a yard and garden area for relaxing and entertaining.

With updated interiors and multiple flexible spaces, the building can accommodate a range of uses, whether you’re planning a live-and-work setup, hosting a food-related concept, or operating multiple rental arrangements. The current owner has already obtained approved permits to add two more apartments and operate a café, expanding the possible future configuration for an owner-operator or investor looking to grow the property’s mix of residential and business space.

Key Highlights

• Building across from Lake Huron with expansive windows overlooking the water and quick, easy lake access
• Two complete living areas/apartments, usable separately or together for a family complex, rental income, or owner’s residence
• Common area designed as a café with lake views, created by the current owner

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage HVAC Service Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

2

Residential units

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

Explore this area Business Placement

Demographics for 49779, MI

4,611

Population

2,726

Households

1.7

Avg Household Size

54

Median Age

18%

College-Educated

92%

High-School Grad

132.8 sq mi

ZIP Area

35

Density / Sq Mi

$51,818

Median Household Income

$36,146

Median Earnings

$622

Median Rent

$110,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A versatile building with two apartments, office space, and a café-style common area across from Lake Huron.

Where is this duplex located?

The property is located at 480 N Second St Rogers City, MI.

What is the lease rate?

The lease rate is $499,000.

What are key features of this property?

This property features: Building across from Lake Huron with expansive windows overlooking the water and quick, easy lake access; Two complete living areas/apartments, usable separately or together for a family complex, rental income, or owner’s residence; Common area designed as a café with lake views, created by the current owner