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    226 Park Ave Lake, MI 48632

    • Land
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 226 Park Ave

    Lot size
    0.82 lot acres
    Property type
    Land

    Description

    This 0.82-acre commercial land parcel in Lake, Michigan, presents a unique investment opportunity. Located at 226 E Park Avenue, Clare County, MI 48632 (APN 01026900300), this property boasts 171 feet of picturesque Lake Michigan waterfront. Recently surveyed and cleared, it offers captivating views and is conveniently located within walking distance of local shops and restaurants. The property features a 170-foot seawall installed approximately three years ago and has a natural gas line already in place. Permitted zoning is residential, allowing for diverse development options, including a dream home, vacation cottage, or seasonal RV site (May 1st - October 1st). The area is friendly to golf carts and off-road vehicles. Land contract terms are negotiable, making this an attractive proposition for various buyers. This is a rare opportunity to acquire a nearly one-acre waterfront lot in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake
    County
    Clare
    State
    Michigan
    Longitude
    -84.948
    Latitude
    43.9637

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      3.81 Acres

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      COMMERCIAL (GENERAL) • 3.81 Acres
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    • Value Estimation by Request

      Lake, MI 48632

      COMMERCIAL (GENERAL)
      Lake, MI 48632
      View Details

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    226 Park Ave
    Lake, MI 48632
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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