Property profile

14 2nd St Frankfort, MI 49635

OFF-MARKET
Other commercial real estate
Property ID
US43-2750611
Entity Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a condominium boat slip located in Frankfort within the Harbor Lights marina. The slip has a unique configuration in that it does not share a dock with another boat, and it is positioned near the parking area with proximity to the boater’s lounge. The marina’s slips and walkways feature updated decking. The slip is serviced with dedicated 30-amp and 50-amp electrical service, as well as water service, and the marina provides high-speed wireless internet to the slip area. Shared marina amenities include an outdoor patio area with Weber grills and an indoor boater’s lounge with showers and laundry facilities. Additional included access extends to an indoor pool and hot tub located across the street at Harbor Lights Resort. The slip is zoned as a condominium boat slip.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
APN 51-010-007-00
UPID US43-2750611

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Tour Operator Travel Agency
  • Marina

Location

14 2nd St Frankfort, MI 49635-9298
Frankfort metro Census 400 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

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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