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Financial
Distress signals
Property profile

20060th 1000th Is Lk Rd Watersmeet, MI 49969

OFF-MARKET
Other commercial real estate
Property ID
US43-3295444
3,776 SF 4.73 ac lot
Last sale Apr 2022 · $1,475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a resort compound on approximately 4.99 acres along Thousand Island Lake, featuring about 465 feet of sandy shoreline. It includes six year-round log and cedar cabins, plus a main lodge with upper-level living quarters and an additional rental unit on the main level. The cabins and lodge are serviced by piers, and the grounds include a fish cleaning house, multiple storage sheds, and a generator. The onsite commercial amenities include a gift shop that carries general grocery…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$432k
Assessed land$223k
Assessed improvement$209k
Effective rate4.51%

Value estimate

· Oct 2026
$1.41M
$1.27M – $1.55M
AI approach$1.50M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
L - 1
JurisdictionGOGEBIC

Location intelligence

Which uses thrive at this corner?

Location

20060th 1000th Is Lk Rd Watersmeet, MI 49969-9833
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Us 2nd W, Watersmeet, MI 49969 $50,000 Mar 2025 2,432 SF
Watersmeet, MI 49969 $25,000 Jan 2025 No data
4600 Us Hwy 45, Watersmeet, MI 49969 $250,000 Aug 2023 No data
4590 Hwy 45, Watersmeet, MI 49969-5162 $250,000 Aug 2023 No data
3500 Yakel Drrive, Watersmeet, MI 49969 $1,475,000 Apr 2022 1,248 SF
24911 Misery Bay, Watersmeet, MI 49969 $82,000 Jun 2021 8,565 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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