Property profile

30410 County Rd 407 Newberry, MI 49868

OFF-MARKET
Other commercial real estate
Property ID
US43-3652906
4.49 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This commercially zoned property is situated on Muskallonge Lake and includes a three-bedroom, two-bath residence, a 400-square-foot cottage, and a former camp store. The site has 282 feet of unimproved, south-facing lake frontage on Muskallonge Lake. The North Country Trail (NCT) traverses the property, and Lake Superior is approximately 1,000 yards away along the NCT. The residence has been vacant for several years and would likely require updating. The former camp store is closed but retains existing shelving and equipment, along with a full kitchen, and is configured in a way that can support reuse as lodging (such as a cottage or bunk house) or other commercial uses. The cottage contributes an additional separate structure for potential rental or guest use, consistent with the property’s lakefront and trail-adjacent setting.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 4.49 ac (195,584 SF)
APN 003-015-002-0900
UPID US43-3652906

Cap rate & NOI

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

Location

30410 County Rd 407 Newberry, MI 49868-7667
Newberry metro Census 960200
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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