11111 Co Rd Lewiston, MI 49756
This exceptional commercial property, situated on over 16 acres in Lewiston, Michigan, presents a unique investment opportunity. The 1,570 square foot multifamily building, constructed in 2021, boasts a modern design and stunning lake views. The property features over 700 feet of lake frontage, providing a tranquil and private setting. Built with energy efficiency in mind, the home incorporates an ICF foundation system and spray foam insulation in the walls and ceiling, complemented by a geothermal in-floor heating system. Originally designed for off-grid living with solar power and a diesel backup generator, it now also benefits from underground electric service. The interior showcases tasteful modern touches, while the exterior is maintenance-free. A 2 1/2 car garage has been recently added. The property also includes groomed trails and access to excellent fishing in the spring-fed lake, which is over 20 feet deep. The location is convenient, less than a mile from the W Twin boat launch. Interior features include a first-floor master bedroom, a doorwall, egress windows, a split bedroom floor plan, tile flooring, vaulted ceilings, and a walk-in closet. Exterior features include an automatic generator, a dock, landscaping, a patio/porch, a pole building, and a shed. Accessibility features include a 36-inch entrance door, hallways over 42 inches wide, and a covered entrance. The property is served by the Johannesburg/Lewiston school district. The asking price is $539,000. This property is a must-see.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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