Property profile

5115 Old Us Hwy Au Sable, MI 48750

OFF-MARKET
Warehouses
2,581 SF 0.82 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional commercial property, located at 5115 Old US Hwy 23 in Oscoda, Michigan, presents a unique investment opportunity. The 2,581 square foot building, constructed in 1960, sits on a sizable 0.82-acre lot and is zoned for commercial use. Its flexible design, encompassing both warehouse and flex space, makes it suitable for a wide range of businesses. The property boasts high visibility due to its central Oscoda location, offering excellent exposure to the steady flow of traffic and visitors in this charming lakeside community. All utilities are readily available. The single-story building offers ample space for various business ventures, from retail operations to office setups, and beyond. The property's previous use as Allen Tire & Auto demonstrates its suitability for businesses requiring both storage and workspace. This is a rare chance to acquire a well-situated, versatile commercial property in a desirable location. The asking price is $249,900. The property's private ownership ensures a straightforward transaction. This prime location in Iosco County, Michigan, zip code 48750, offers a compelling opportunity for entrepreneurs and investors alike. Don't miss this chance to establish your business in a thriving lakeside community.

Property profile

Verified
Property type Warehouses
Year built 1960
Total area 2,581 SF
Lot 0.82 ac (35,719 SF)

Cap rate & NOI

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

Location

5115 Old Us Hwy Au Sable, MI 48750
Au Sable metro
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Value estimations

Realmo proprietary · 4 methods
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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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