For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Short-Term Rental Income Property Title is generated by Realmo AI

    2380 S Patterson Road, Shelbyville, MI 49344

    View on Map
    Claim this Listing
    For Sale
    $175,000

    COMMERCIAL - Shelbyville, MI

    Type:Retail
    Property size:
    1,782 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $98/SF
    Added:
    Apr 7, 2026
    Days on Market:
    86
    Last Refresh:
    Jul 1 at 6:06 am

    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

    We can help!

    Contact an agent
    John C Brown

    Listing agent John C Brown

    Listing office Northern Star Real Estate 3349 Dumont Lake Drive, Allegan, MI

    Listing date Apr 7, 2026

    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.

    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
    • Forced‑air heating with wall unit(s) cooling
    • Natural gas available; water source is private
    • Township approval noted for short‑term rental use; building sold as‑is for cash

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $1,171,438 @ 7.0% cap · market cap 669.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Discount Store (Bike/Boat/Book/etc) Store Bed & Breakfast Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Allegan
    State
    Michigan
    Longitude
    -85.548339
    Latitude
    42.594266

    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
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message