Property profile

4914 C Main Onekama, MI 49675

OFF-MARKET
Investment properties
970 SF 0.23 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional 970-square-foot commercial property, located at 4914 C Main in the charming village of Onekama, Michigan, presents a unique investment opportunity. Situated on two combined lots totaling 0.23 acres, this property boasts 100 feet of road frontage on two sides, plus convenient alley access. Previously used as a dentist's office, the building is currently vacant and requires renovation. Its versatile zoning allows for both commercial and residential use, opening up a wide range of possibilities. Imagine establishing a thriving business in this high-traffic area, or developing the site into a unique residential property, perhaps utilizing the space for tiny homes. The property's prime location offers unparalleled convenience, with easy walking access to Onekama's vibrant village center. Enjoy nearby parks, a beautiful beach, boat launch, marinas, shops, and restaurants. A picturesque walk-in park just steps away provides a tranquil setting to watch sunsets or launch a kayak onto Portage Lake, leading to the stunning waters of Lake Michigan. The property's potential is vast, making it an ideal investment for those seeking a project with significant upside in a desirable location. The asking price is $175,000.

Property profile

Verified
Property type Investment properties
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

4914 C Main 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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