Updated Storefront with Commercial
710 Lake Street, Roscommon, MI 48653
For Sale
$185,000
Commercial Sale, Roscommon, MI
Property Size1,655 SF
Lot Size0.19 Acres
Price / SF$111.78
Days on Market49
Property Features for 710 Lake Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Amenities
approved commercial kitchen
adjoining parking lot
LED lighting
ceiling tiles
Wi Fi security cameras
Building Details
Floors in Building
Building materials
Listing Agency:
Century 21 Realty North Higgins Lake
(989) 821-1800
Listed By:
Todd L 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
Changed: Oct 8
Last Checked: Nov 9 at 8:06AM
MLS# 201842951
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property is a recently updated commercial building in downtown Roscommon. The improvements include LED lighting, ceiling tiles, and Wi-Fi security cameras, along with an approved commercial kitchen. Brick and block construction provides the building envelope, while public sewer serves the property.
The building occupies a main corner location at 710 Lake Street and includes an adjoining parking lot positioned to the southeast. Zoning is identified as Downtown Commer, supporting the property’s commercial setting and storefront orientation.
The building occupies a main corner location at 710 Lake Street and includes an adjoining parking lot positioned to the southeast. Zoning is identified as Downtown Commer, supporting the property’s commercial setting and storefront orientation.
Key Highlights
- Approved commercial kitchen included
- Adjoining parking lot to the southeast
- Main corner location in downtown Roscommon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,600
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$161,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Roscommon County, MI
Properties on Market for Storefront properties in Roscommon County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Updated brick-and-block storefront with an approved commercial kitchen and adjoining parking lot.
Where is this storefront property located?
The property is located at 710 Lake Street 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: Approved commercial kitchen included; Adjoining parking lot to the southeast; Main corner location in downtown Roscommon
