Property profile

5015 Main St Onekama, MI 49675

OFF-MARKET
Other commercial real estate
Property ID
US43-3367914
0.49 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a multi-family residential building in Onekama, Michigan, consisting of three apartments on a 0.47-acre site with 75 feet of frontage on Portage Lake, which connects to Lake Michigan. The unit mix includes two 1-bedroom apartments and one 3-bedroom apartment; the lakeside 3-bedroom unit has a covered deck and lake views. A sandy beach area with fire pits is located on the property. Washer and dryer hook-ups are available in two of the apartments. The property is configured with separate electric utilities suitable for individual long-term rental use, while water is provided by a well and sewer service is provided by the Village.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.49 ac (21,344 SF)
APN 41-150-029-00
UPID US43-3367914

Cap rate & NOI

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

Location

5015 Main St Onekama, MI 49675-9701
Onekama metro Census 300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$300k

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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