Building Details

Tenancy Multi

Listing Agency: Coldwell Banker Lakes Realty

Listed By: Todd Lincoln · License #MI Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 2 Last Checked: Sep 7 at 3:07AM

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Investment Insights

Based on property information with market context.

This commercial building is currently configured with two suites, including one office/retail space and a second suite that operates as a beauty salon and is currently rented. A third office space may be possible, creating additional rental flexibility for an owner-occupant or investor.

The property is located at 9897 W M-46 Highway in Lakeview, Michigan (48850). The seller is a licensed agent.

If you are looking for a multi-suite commercial building with existing income and a potential to add an additional office suite, this layout is worth reviewing.

Key Highlights

• Commercial building in Lakeview, MI with 2 currently rented suites
• Suite 1 includes office/retail space and is rented
• Suite 2 is a beauty salon and is currently rented

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery HVAC Service Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

364

Businesses Nearby

Explore this area Business Placement

Demographics for 48850, MI

4,563

Population

1,973

Households

2.3

Avg Household Size

41

Median Age

14%

College-Educated

88%

High-School Grad

83.2 sq mi

ZIP Area

55

Density / Sq Mi

$65,064

Median Household Income

$41,473

Median Earnings

$665

Median Rent

$170,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Commercial building in Lakeview, MI featuring two rented suites and potential for a third office space.

Where is this office units located?

The property is located at 9897 W M-46 Highway Lakeview, MI.

What are key features of this property?

This property features: Commercial building in Lakeview, MI with 2 currently rented suites; Suite 1 includes office/retail space and is rented; Suite 2 is a beauty salon and is currently rented