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    Property profile & analytics

    5164 Monroe Rd Pentwater, MI 49449-8925

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Dec 09, 2022
    $490,000
    Location Intelligence
    Property ID
    US43-4285753
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5164 Monroe Rd

    Property type
    Commercial real estate
    APN
    001-400-022-10
    APU
    140002210

    Description

    This exceptional 2,740 square foot industrial property presents a unique investment opportunity in the thriving tourism destination of Pentwater, Michigan. Situated on a 1.73-acre parcel, this property boasts 251 feet of desirable Pentwater Lake frontage complete with existing docks. The property's history includes operation as the "BOAT HOUSE Bar & Grill," and the sale includes a valuable Class C Liquor License. A 2-bedroom home is also included on the site, offering potential for owner occupancy or rental income. Pentwater Lake, a 483-acre all-sports freshwater lake, provides easy access to the Pentwater Channel and Lake Michigan. The town of Pentwater is renowned for its beautiful beaches, stunning sunsets, excellent boating and fishing opportunities, and a vibrant, close-knit community. This commercially zoned property offers immense potential for a variety of businesses, capitalizing on Pentwater's strong tourism sector and its unique location. The existing infrastructure and the included liquor license provide a significant advantage for a prospective buyer looking to establish a successful enterprise in this highly sought-after lakeside community. This is a rare chance to become a part of Pentwater's rich history and contribute to its continued growth and prosperity. The property's size, location, and included assets make it an ideal investment for entrepreneurs seeking a prime location in a thriving Michigan tourist destination.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $535,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $615,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $510,000
      Mixed-Use
      $645,000
      Hospitality
      $490,000
      Educational
      $645,000
      Residential Income
      $545,000
      Energy
      $625,000
      Income-Based Land
      $605,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Pentwater
    County
    Oceana
    State
    Michigan
    Longitude
    -86.4078
    Latitude
    43.7662

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,950
    $231,600
    $0.00
    $231,600
    -
    $463,200
    $0.00
    $463,200

    Comparable in this City

    • Value Estimation by Request

      560 Hancock St

      COMMERCIAL (GENERAL)
      560 Hancock St, Pentwater, MI 49449-8946
      View Details
    • Value Estimation by Request
      0.03 Acres

      560 Hancock St

      COMMERCIAL (GENERAL) • 0.03 Acres
      560 Hancock St, Pentwater, MI 49449-8946
      View Details
    • Value Estimation by Request

      8786 Oceana Dr

      COMMERCIAL (GENERAL)
      8786 Oceana Dr, Pentwater, MI 49449-8521
      View Details
    • Value Estimation by Request

      215 Hancock St

      COMMERCIAL (GENERAL)
      215 Hancock St, Pentwater, MI 49449-8799
      View Details
    • Value Estimation by Request

      145 Hancock St

      COMMERCIAL (GENERAL)
      145 Hancock St, Pentwater, MI 49449-8931
      View Details
    • Value Estimation
      $60,000
      2.00 Acres

      4391 Monroe Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      4391 Monroe Rd, Pentwater, MI 49449-9519
      View Details

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    Pentwater, MI 49449-8925
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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