Brick Live-Work Property with
2 E Ash Street E, Three Oaks, MI 49128
New
COMMERCIAL - Three Oaks, MI
Type:Retail
Property size:
3,755 SFLot size:
0.30 AcresPrice / SF:
$146/SF- Added:
- Jun 12, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 13 at 4:06 am
Property Features for 2 E Ash Street E
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Parking
- 6
- Interior features
- Broadband
- Standard status
- Active
- APN
- 11-47-6900-0001-00-9
- Size
- 3,755 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HE ENTIRE LOT 1 & N1/2 OF LOT 2 RYTHERS ADD TO VILL OF THR EE OAKS
- Tax Annual Amount
- 2943
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Vinyl Siding, Brick
- Roof type
- Composition
Listing agent Keith Claunch (269) 231-0060
Listing office Coldwell Banker Realty 10 N Whittaker St., Northbrook, MI (269) 469-3950
Listing date Jun 12, 2026
MLS# 26029127
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.
HighLights
- MU2‑zoned mixed‑use property configured as a 3‑bedroom, 1.5‑bath live/work space with a professional photography studio
- Converted to a 5‑bedroom, 1.5‑bath income‑producing rental for short- or long‑term tenants based on the current layout
- Brick bungalow with vinyl siding and a composition roof; built in 1915
- Updated kitchen with a spacious island connecting to the dining area; enclosed front porch
- Basement includes newer mechanicals, a dedicated workout area, small office, production/shipping area, and ample storage
- Outdoor amenities include a new Trex deck, paver patio, gazebo, and fire pit; detached garage plus parking for up to six vehicles
Overview
This mixed-use live/work property is a meticulously maintained brick bungalow with preserved character and modern updates. It is currently configured as a 3-bedroom, 1.5-bath live/work home with an on-site professional photography studio, including dressing rooms. A remodeled custom kitchen with a spacious island opens to the dining area, and an enclosed front porch can function as an entry vestibule or three-season room. The layout can be converted into a 5-bedroom, 1.5-bath rental for short- or long-term tenants, and an existing addition provides additional flexibility for a bedroom, sunroom, or expanded living space. In addition to the main level, the basement offers newer mechanicals, a dedicated workout area, a small office, a production or shipping area, and ample storage.
The property is located at 2 E Ash Street E in Three Oaks, Michigan, within Berrien County, and sits on a 0.3-acre lot. It is zoned MU2, and the remarks indicate an exemption from residential short-term rental licensing, which may support Airbnb or similar uses. Outside, the home includes a new Trex deck, paver patio, gazebo, and fire pit, and there is a detached garage with parking for one vehicle plus workshop space. The parking area accommodates up to six vehicles.
For an owner-operator or investor, the combination of a functioning studio space and adaptable interior layout supports a range of practical uses, including live-work, professional office-style operations, and rental arrangements depending on how the space is configured. The on-site production/shipping area, office space in the basement, and dedicated outdoor entertaining area also help support day-to-day operational needs.
The property is located at 2 E Ash Street E in Three Oaks, Michigan, within Berrien County, and sits on a 0.3-acre lot. It is zoned MU2, and the remarks indicate an exemption from residential short-term rental licensing, which may support Airbnb or similar uses. Outside, the home includes a new Trex deck, paver patio, gazebo, and fire pit, and there is a detached garage with parking for one vehicle plus workshop space. The parking area accommodates up to six vehicles.
For an owner-operator or investor, the combination of a functioning studio space and adaptable interior layout supports a range of practical uses, including live-work, professional office-style operations, and rental arrangements depending on how the space is configured. The on-site production/shipping area, office space in the basement, and dedicated outdoor entertaining area also help support day-to-day operational needs.
Local Financial Insights For Office B
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 | $64.0k | $17.04 |
| − Vacancy | −$8.8k | −$2.35 |
| EGI | $55.2k | $14.69 |
| − OpEx | −$13.8k | −$3.67 |
| NOI | $41.4k | $11.02 |
3,755 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$590.9K
$517.1K – $689.4K
NOI $41,366 @ 7.0% cap · market cap 7.53%
Second Best
Mixed Use
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$790.2K
$691.4K – $921.9K
NOI $55,311 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Harrington Photography
Photography Service
Location Insight
- Map
- Local Demand
- City
- Three Oaks
- County
- Berrien
- State
- Michigan
- Longitude
- -86.610107
- Latitude
- 41.798588
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Live-work configuration with a professional photography studio, plus outdoor improvements and flexible space conversion options.
Where is this live-work space located?
The property is located at 2 E Ash Street E Three Oaks, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: MU2‑zoned mixed‑use property configured as a 3‑bedroom, 1.5‑bath live/work space with a professional photography studio; Converted to a 5‑bedroom, 1.5‑bath income‑producing rental for short- or long‑term tenants based on the current layout; Brick bungalow with vinyl siding and a composition roof; built in 1915
