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    OFF-MARKET
    Commercial real estate

    Main St, Onekama, MI 49675

    970 SF 0.23 ac lot Built 1940
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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