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    Lakeview Commercial Building Opportunity Title is generated by Realmo AI

    339 S Lincoln Avenue, Lakeview, MI 48850

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    For Sale
    $139,000

    COMMERCIAL - Lakeview, MI

    Type:Retail
    Property size:
    3,916 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $35/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 8:06 am

    Property Features for 339 S Lincoln Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    042-170-004-00
    Size
    3,916 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 4 THE SUBDIVISION OF LOT B OF LAKEVIEW; MONTCALM CO; MICHIGAN
    Tax Annual Amount
    1663

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    1
    Building materials
    Vinyl Siding, Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Lane Leppink

    Listing agent Lane Leppink License #6506041826

    Listing office Eagle Realty 223 W Main Street PO Box 27, Edmore, MI

    Listing date May 18, 2026

    MLS# 26023473

    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

    • Prime commercial location in the heart of downtown Lakeview.
    • High visibility with significant traffic flow off State Highway M46.
    • Newer electric service and wiring throughout the building.
    • Newer heating system.
    • Approximately 2,156 sq ft of retail space on the main floor with bathroom and front/rear entry.
    • 1,760 sq ft of unfinished space upstairs for customization.

    Overview

    This commercial building is located in the heart of downtown Lakeview, a village in Montcalm County. The property offers an opportunity to be part of the downtown Lakeview market, situated along the shores of Tamarack Lake. The building features newer electric service and wiring throughout, as well as a newer heating system. The main floor provides an estimated 2,156 square feet of space, including a bathroom and front and rear entryways, suitable for a retail setting. The upstairs area offers 1,760 square feet of unfinished space. The location on Main Street draws approximately 20% of the 9,000 vehicles off State Highway M46. The building is a clean slate for the perfect retail setting and vacant space upstairs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeview
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.277965
    Latitude
    43.442547

    Nearby Similar for Sale

    • $429,900
      4,840 SF

      Lakeview Commercial Building with Expansion

      Commercial building with expansion potential in a growing industrial location.
      223 W North Street, Lakeview, MI 48850
      View Details
    • $175,000
      785 SF

      Lakeview Restaurant Investment Opportunity

      Turnkey restaurant property in high-traffic area with recent updates.
      9743 N Greenville Road, Lakeview, MI 48850
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building in downtown Lakeview with retail and unfinished space.
    Where is this retail space located?
    The property is located at 339 S Lincoln Avenue Lakeview, MI.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Prime commercial location in the heart of downtown Lakeview.; High visibility with significant traffic flow off State Highway M46.; Newer electric service and wiring throughout the building.
    (989) 802-2034
    We can help!
    Listing Contact
    Lane Leppink
    Real Estate License ID: 6506041826
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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