226 Park Ave, Lake, MI 48632
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.