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    119 Lake St Oscoda, MI 48750

    Sponsored
    For Sale
    $199,000

    44,000 SF Former School - $199,000

    Property size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property presents a unique investment opportunity in Oscoda, Michigan. The former school building, situated on a 0.9-acre lot at 119 N Lake St, boasts a substantial 44,000 square feet of space, divided equally between two 22,000 square foot floors. Its prime location just off US-23 (State St) ensures high visibility and accessibility. The property's proximity to Lake Huron, less than a quarter-mile away, offers significant potential for tourism-related ventures. The asking price is $199,000. Given its size and location, this property is ideally suited for a variety of adaptive reuse projects. Potential uses could include affordable housing development, conversion into condominiums, or the creation of a hotel. The substantial square footage provides ample space for a large-scale project, while the attractive price point makes it a compelling investment. The property is zoned for commercial use and is ready for its next chapter. This is a rare opportunity to acquire a significant property in a desirable location at an attractive price. Serious inquiries are encouraged. The property is located in Iosco County, Michigan, zip code 48750.

    Property Features for 119 Lake St

    General Information

    Property type
    Land
    Square Feet
    44,000 SF
    Lot Size
    39,204 SF

    HighLights

    • Former school building in Oscoda, MI.
    • High‑traffic location, just off US‑23 (State St).
    • 44,000 SF building, two 22,000 SF floors.
    • Less than 1/4 mile from Lake Huron.
    • Ideal for affordable housing, condos, or hotel conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.3284754
    Latitude
    44.4205827

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    FAQs

    What type of property is this?
    Land - 44,000 SF Former School - $199,000
    Where is this land located?
    The property is located at 119 Lake St Oscoda, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Former school building in Oscoda, MI.; High-traffic location, just off US-23 (State St).; 44,000 SF building, two 22,000 SF floors.
    Request Owner's contact information
    119 Lake St Oscoda, MI 48750
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    Oscoda, MI 48750
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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
    119 Lake St Oscoda, MI 48750
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