Updated Corner Storefront
New
For Sale
$185,000
710 Lake, Roscommon, MI 48653
Commercial, Roscommon, MI
Property Size1,655 SF
Lot Size0.19 Acres
Price / SF$111.78
Days on Market3
Property Features for 710 Lake
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
6
Parking features
Parking Lot
Exterior features
Brick
Lot features
Corner Lot
Directions
South corner of intersection of Lake Street and Fifth Street.
Subdivision
Roscommon
Standard status
Active
Size
1,655 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
The Northeasterly thirty-four and fifteen one-hundredths (34.15) feet of Lot Eight (8) and entire Lot 7, Block 24 Villag
Tax Annual Amount
2400
Legal Description
The Northeasterly thirty-four and fifteen one-hundredths (34.15) feet of Lot Eight (8) and entire Lot 7, Block 24 Villag
Amenities
approved commercial kitchen
adjoining parking lot
LED lighting
Wi Fi security cameras
Building Details
Building materials
Brick, Block
Roof type
Membrane
Listing Agency:
CENTURY 21 REALTY NORTH-HOUGHTON LK
(989) 366-1801
Listed By:
TODD JANSEN · License #6&8203;5&8203;0&8203;2&8203;4&8203;0&8203;8&8203;8&8203;9&8203;3
(989) 205-2657
Added: Sep 22
Last Checked: Sep 24 at 10:06PM
MLS# 1950829
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property occupies a main corner in downtown Roscommon and includes an approved commercial kitchen, an adjoining parking lot to the southeast, and a bathroom. The building has brick and block construction with a membrane roof and measures 1,655 square feet.
Recent improvements include LED lighting, ceiling tiles, and Wi-Fi security cameras. The property is located at 710 Lake, Roscommon, MI 48653, in Roscommon County.
Recent improvements include LED lighting, ceiling tiles, and Wi-Fi security cameras. The property is located at 710 Lake, Roscommon, MI 48653, in Roscommon County.
Key Highlights
- 1,655‑square‑foot storefront property at 710 Lake, Roscommon, MI 48653
- Main‑corner position in downtown Roscommon
- Approved commercial kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,000
$252.0K
Cap Rate 7%
$180,000
$180.0K
Cap Rate 9%
$140,000
$140.0K
Market Conditions
NOI Build-Up for 1,655 SF
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.
Gross rent
$23.2K $14.04/SF
− Vacancy
−$6.4K −$3.89/SF
EGI
$16.8K $10.15/SF
− OpEx
−$4.2K −$2.54/SF
NOI
$12.6K $7.61/SF
Area
Roscommon County, MI
Vacancy
27.70%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,000
Cap Rate 7%
$180,000
Cap Rate 9%
$140,000
Alternative Uses
Best Use
Specialty Retail
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 6.81%
Second Best
Retail
$171.2K
$149.8K – $199.7K
NOI $11,984 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$272.4K
$238.3K – $317.8K
NOI $19,066 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48653, MI
9,598
Population
9,814
Households
1
Avg Household Size
55
Median Age
27%
College-Educated
93%
High-School Grad
241.8 sq mi
ZIP Area
40
Density / Sq Mi
$67,708
Median Household Income
$41,548
Median Earnings
$801
Median Rent
$161,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial space with an approved kitchen, adjoining parking lot, and recent interior and security improvements.
Where is this storefront property located?
The property is located at 710 Lake Roscommon, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,655‑square‑foot storefront property at 710 Lake, Roscommon, MI 48653; Main‑corner position in downtown Roscommon; Approved commercial kitchen included
