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    Partridge Ave Lake, MI 48632

    Sponsored
    For Sale
    $59,900

    Prime Lakefront Commercial Opportunity, 4.9 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional mixed-use property, located at TBD S Partridge Avenue in Lake, Michigan (48632), presents a unique investment opportunity. The 4.9-acre lot (APN: 013-275-003-00) is privately owned and offers significant potential for various commercial ventures. Currently configured as Lakeside Garage Condominiums, units 3-16, 18-23, 25, and 26 are included in this sale. The property's prime location in Clare County, Michigan, provides excellent visibility and accessibility. The asking price for this substantial mixed-use property is $59,900. Given its size and location, this property is ideal for developers or investors seeking a foothold in a thriving lakeside community. The property's specific layout and unit details are available upon request. This is a rare chance to acquire a significant commercial holding in a desirable Michigan location. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity. Further details regarding the property's zoning and permitted uses can be provided to qualified buyers. The property's geographic coordinates are 43.85363 latitude and -85.0608186 longitude. Don't miss this chance to own a piece of Lake Michigan's commercial landscape.

    Property Features for 0 Partridge Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    213,444 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake
    County
    Clare
    State
    Michigan
    Longitude
    -85.0608186
    Latitude
    43.85363

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Lakefront Commercial Opportunity, 4.9 Acres
    Where is this mixed-use property located?
    The property is located at Partridge Ave Lake, MI.
    What is the asking price?
    The asking price for this property is $59,900.
    (989) 773-6000
    Request Owner's contact information
    Partridge Ave Lake, MI 48632
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    Lake, MI 48632
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    Realmo Value Estimation

    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.

    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.

    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
    Partridge Ave Lake, MI 48632
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