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Property profile & analytics
OFF-MARKET
Commercial real estate

161 Hancock St Pentwater, MI 49449-8931

0.06 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
Property ID
US43-3136957
Property summary
AI-generated overview

This exceptional commercial property, located at 161 S Hancock Street in the vibrant Village of Pentwater, Michigan, presents a compelling investment opportunity. Priced at $349,000, this retail building sits on a 0.05-acre lot and offers a unique blend of modern updates and functional space. Recently remodeled, the building boasts custom shelving, enhancing its retail appeal. A recent addition has expanded the square footage, providing ample room for various business ventures. A significant advantage is the full walk-out basement, partially finished and accessible from the alley, offering additional storage or potential for expansion. Currently housing a business, the sale includes only the real estate itself, providing a blank canvas for the new owner's vision. The property's central location within the village ensures high visibility and accessibility, surrounded by other thriving shops and businesses. This is an ideal opportunity for entrepreneurs seeking a well-maintained, ready-to-occupy commercial space in a desirable Michigan community. The property's zip code is 49449, and its precise coordinates are latitude 43.7803061 and longitude -86.4333012. This property is zoned for commercial use within Oceana County.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Lot 0.06 ac (2,439 SF)
APN 044-674-003-00
UPID US43-3136957
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
Current use
Occupant on record · Public records
  • Studio 161 by Laura Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Linda Cameron · 1 yrs held
Linda Cameron
since 2025
Last sale
$245,000
3 recorded transactions
2025
Price N/A
2020
$245,000
2014
$160,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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