Property profile

Main St Onekama, MI 49675

OFF-MARKET
Commercial real estate
970 SF 0.23 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional 970-square-foot property in the charming village of Onekama, Michigan, presents a unique investment opportunity. Situated on two combined lots totaling 0.23 acres, this versatile space boasts 100 feet of road frontage on two sides, plus convenient alley access. Currently vacant, the building was previously used as a dentist's office approximately seven years ago and requires updating. Zoned for commercial use, it also allows for residential applications, opening doors to a variety of possibilities, from establishing a small business to developing tiny homes. Imagine the possibilities! The property's prime location offers unparalleled convenience, with easy walking access to Onekama's vibrant village center. Enjoy nearby parks, a picturesque beach, boat launch, marinas, shops, and restaurants. A tranquil walk-in park just steps away provides a perfect spot to relax and watch the sunset over Portage Lake, which connects to the Lake Michigan channel. This property's combination of location, zoning flexibility, and ample space makes it an ideal investment for those seeking a unique opportunity in a desirable Michigan community. The two lots, each measuring 100x50 feet, provide ample room for expansion or development. Don't miss this chance to own a piece of Onekama's thriving village life.

Property profile

Verified
Property type Commercial real estate
Year built 1940
Total area 970 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Onekama, MI 49675
Onekama metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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