Property profile

438 Lk St Tawas City, MI 48763

OFF-MARKET
Other commercial real estate
Property ID
US43-3015252
0.18 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a freestanding office building with approximately 1,938 square feet of interior space, located on US-23 in Tawas City with views toward Lake Huron and the rear portion adjacent to the Tawas River. The interior layout includes a waiting room (17 by 11), administrative office area (17 by 15), main office (17 by 11), auxiliary office (16 by 11), work area (12 by 12), conference room (16 by 12), break room (11 by 8), storage room (16 by 8), furnace/utility room (8 by 7), and a half bathroom (8 by 5). The site provides paved parking, with additional overflow parking available at the Tawas City Park across the road, and a portion of the drive is shared with an adjacent business.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.18 ac (7,841 SF)
APN 132O1000100450
UPID US43-3015252

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
  • Tax Preparation

Location

438 Lk St Tawas City, MI 48763-8317
Tawas City metro Census 500
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
$155k

Owner & transaction history

since 2025
Last sale
$276,450
2 recorded transactions
2025
$276,450
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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