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Property profile & analytics
OFF-MARKET
Mixed-use properties

1878 Bay Shore Dr Suttons Bay, MI 49682

3,600 SF 5.67 ac lot Built 1995
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1995
Total area 3,600 SF
Lot 5.67 ac (246,985 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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