Mixed-Use Live/Work
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:
- 5
- Last Refresh:
- Jun 16 at 7:06 pm
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 with STR advantage: not restricted by the village residential short‑term rental ordinance
- Currently configured as a 3‑bedroom, 1.5‑bath live/work space with an on‑site professional photography studio; can be converted to a 5‑bedroom, 1.5‑bath rental
- Brick bungalow built in 1915 with remodeled custom kitchen featuring a spacious island open to the dining area
- Basement includes newer mechanicals, workout area, small office, production or shipping area, and ample storage
- Outdoor features include a Trex deck, paver patio, gazebo, and fire pit
- Utilities and systems: forced‑air heating, central air, composition roof; cable available and broadband
Overview
This mixed-use brick bungalow is currently configured as a live/work space with three bedrooms and 1.5 bathrooms, including a professional photography studio. A remodeled custom kitchen features a spacious island that opens to the dining area, and the home retains original natural woodwork and period character. An enclosed front porch provides an additional entry and three-season space, while a separate studio area with dressing rooms can be converted back into a traditional living area. The property also includes an addition that can support extra bedroom and/or sunroom-style space. A versatile basement offers newer mechanicals, a dedicated workout area, a small office, a spacious production or shipping area, and ample storage.
The property is MU2-zoned, and is described as not restricted by the village’s residential short-term rental ordinance, supporting uses such as Airbnb or similar lodging. Outdoor improvements include a new Trex deck, paver patio, gazebo, and fire pit, and there is a detached garage with space for one vehicle plus workshop area. The onsite parking area accommodates up to six vehicles.
For operators and tenants, the current setup supports creative production and professional services alongside residential living. The layout is also described as convertible to a five-bedroom, 1.5-bath configuration for short- or long-term rental use, allowing the buyer to align the space with changing operational needs.
The property is MU2-zoned, and is described as not restricted by the village’s residential short-term rental ordinance, supporting uses such as Airbnb or similar lodging. Outdoor improvements include a new Trex deck, paver patio, gazebo, and fire pit, and there is a detached garage with space for one vehicle plus workshop area. The onsite parking area accommodates up to six vehicles.
For operators and tenants, the current setup supports creative production and professional services alongside residential living. The layout is also described as convertible to a five-bedroom, 1.5-bath configuration for short- or long-term rental use, allowing the buyer to align the space with changing 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 - Brick live/work home with a professional photography studio and flexible layout for residential rentals and creative or office use.
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 with STR advantage: not restricted by the village residential short‑term rental ordinance; Currently configured as a 3‑bedroom, 1.5‑bath live/work space with an on‑site professional photography studio; can be converted to a 5‑bedroom, 1.5‑bath rental; Brick bungalow built in 1915 with remodeled custom kitchen featuring a spacious island open to the dining area
