Property profile

2 E Ash St E Three Oaks, MI 49128

FOR SALE
Live-work space
Property ID
US43-4135691
Built 1915
Saved · see the list in your Dashboard

Property summary

AI-generated overview

**Versatile Mixed-Use Opportunity with Short-Term Rental Eligibility** You'll enjoy exceptional flexibility and strong investment potential with this MU2-zoned commercial property, which is not restricted by the village residential short-term rental ordinance--making it ideal for Airbnb, VRBO, A Bed & Breakfast or Similar uses. It is currently configured as a 3-bedroom, 1.5-bath live/work space with a professional photography studio, but you can easily convert the layout into a 5-bedroom, 1.5-bath income-producing rental for short- or long-term tenants. You'll appreciate how this meticulously maintained brick bungalow blends timeless character with modern updates. Original natural woodwork and turn-of-the-century charm complement a beautifully remodeled custom kitchen, featuring a spacious island that connects seamlessly to the dining area. The current studio space with dressing rooms can be converted back into a traditional living area,...while an existing addition gives you endless possibilities for a bedroom, sunroom, or expanded living space. An enclosed front porch serves as a welcoming entry vestibule or a comfortable three-season room. The versatile basement adds even more functionality for you, offering newer mechanicals, a dedicated workout area, a small office, a spacious production or shipping area, and ample storage.This property is perfect if you're an entrepreneur or professional, supporting a wide range of uses including retail, office space for attorneys, doctors, or CPAs, or a creative studio environment. Outdoor living shines for you as well, with a new Trex deck, paver patio, gazebo, and fire pit--ideal for relaxing or entertaining. A detached garage provides parking for one vehicle plus workshop space, while the parking area accommodates up to six vehicles. Whether you're seeking a high-performing rental, flexible commercial space, or a live/work investment, this unique property delivers the location, versatility, and opportunity you're looking for.

Property profile

Verified
Property type Live-work space
Year built 1915
UPID US43-4135691

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
  • Photography Service (Bike/Boat/Book/etc) Store

Location

2 E Ash St E Three Oaks, MI 49128
Three Oaks metro
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
by Request

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message