1878 Bay Shore Dr Suttons Bay, MI 49682
This exceptional mixed-use property, located at 1878 S West Bay Shore Drive in Suttons Bay, Michigan, presents a unique investment opportunity. The 3,600 square foot building, constructed in 1995 and renovated in 2003, sits on a generous 5.67-acre lot. Currently zoned Rural Residential, it offers considerable flexibility for a variety of uses, including but not limited to educational facilities, multi-family dwellings, or other permitted uses with a special use permit. The building features four bathrooms, a full kitchen, and a laundry room, making it ideal for conversion into a multi-unit residential property. Its prime location along M-22 provides excellent visibility and accessibility. The expansive lot allows for potential expansion and further development. An independent appraisal supports the asking price of $599,000, indicating significant value. This property is poised for a quick sale and represents a compelling investment opportunity in a desirable location. The property's versatility and potential for future growth make it an attractive prospect for discerning investors. Don't miss this chance to acquire a substantial property with significant upside potential in the thriving Suttons Bay market. The zip code is 49682.
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
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.