Property profile

480 2nd St Rogers City, MI 49779

OFF-MARKET
Other commercial real estate
Property ID
US43-3551488
1.21 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property at 480 N 2nd Street in Rogers City is a 15,000-square-foot brick and vinyl building designed with two complete residential living areas and an interior layout that also supports café use. The two apartment areas can operate independently or together, and expansive windows provide views toward Lake Huron. The building includes two office spaces, multiple storage areas distributed across the main, upper, and basement levels, and a loading dock area suited for additional storage and shipping or receiving activity. Approved permits are on record for two additional apartments and café operations. Utilities and site features include public sewer service, natural gas heating, open parking, and an on-site yard with garden space, with the building situated across from Lake Huron for close access to the waterfront.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.21 ac (52,708 SF)
APN 150-001-000-117-00
UPID US43-3551488

Cap rate & NOI

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

Location

480 2nd St Rogers City, MI 49779-1367
Rogers City metro Census 950200
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
$115k

Owner & transaction history

since 2016
1 recorded transaction
2016
$50,000

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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