Property profile

4880 Main St Onekama, MI 49675

OFF-MARKET
Other commercial real estate
Property ID
US43-1596232
0.26 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

A historic, turn-of-the-century multi-unit building located in downtown Onekama, rebuilt from the foundation in 2023 and featuring new plumbing, electrical systems, HVAC, insulation, drywall, windows, roof, porches, and decks. The building contains five units: one two-bedroom, two-bath unit (Suite #1) and four one-bedroom, one-bath units. Each unit has its own heating and cooling and on-demand hot water, and the building includes a water softening system. Several second-story decks provide views of Portage Lake. The property is situated on a 0.26-acre lot and includes approximately 4,400 square feet of building area. It is zoned Com/Res and is positioned about one block from Portage Lake, with nearby access to a public park and beach, as well as nearby retail and dining; the immediate area supports recreation such as hiking, fishing, biking, boating, and access to nearby golf and marinas.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.26 ac (11,326 SF)
APN 41-050-019-05
UPID US43-1596232

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
  • Hotel & Motel

Location

4880 Main St Onekama, MI 49675-8735
Onekama metro Census 300
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
$250k

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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