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    Property profile & analytics

    6551 1st St Lake Ann, MI 49650-9549

    • Commercial real estate
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2856830
    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

    • Stone Oven / Restaurant

    Property Details for 6551 1st St

    Year built
    1900
    Lot size
    0.28 lot acres
    Property type
    Commercial real estate
    APN
    01-501-060-00
    APU
    150106000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Ann
    County
    Benzie
    State
    Michigan
    Longitude
    -85.8428
    Latitude
    44.7245
    CBSA code
    45900
    CBSA name
    TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $0.00
    $0.00
    $92,800
    -
    $0.00
    $0.00
    $185,600

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      Lake

      COMMERCIAL (GENERAL) • 0.51 Acres
      Lake, Ann, MI 49650
      View Details
    • Value Estimation by Request
      0.65 Acres

      18437 Maple St

      COMMERCIAL (GENERAL) • 0.65 Acres
      18437 Maple St, Lake Ann, MI 49650-9587
      View Details
    • Value Estimation by Request
      13,200 SF

      19900 1st St

      COMMERCIAL (GENERAL) • 13,200 SF
      19900 1st St, Lake Ann, MI 49650-9764
      View Details
    • Value Estimation by Request

      6583 1st St

      COMMERCIAL (GENERAL)
      6583 1st St, Lake Ann, MI 49650-9549
      View Details
    • Value Estimation by Request
      9.87 Acres

      8481 Lk Ann Rd

      COMMERCIAL (GENERAL) • 9.87 Acres
      8481 Lk Ann Rd, Lake Ann, MI 49650-9734
      View Details
    • Value Estimation by Request
      0.31 Acres

      6460 Reynolds Rd

      COMMERCIAL (GENERAL) • 0.31 Acres
      6460 Reynolds Rd, Lake Ann, MI 49650-9677
      View Details

    Similar Nearby for Sale

    • $129,000
      6.81 Acres

      Lake Ann Wooded Acreage

      6.81 acres of wooded land near Lake Ann.
      Maple City Hwy, Lake Ann, MI 49650
      View Details
    • New
      $50,000
      1.01 Acres

      Versatile Acre Parcel in Lake Ann

      One-acre parcel in Lake Ann, zoned for multiple dwellings.
      Tbd Tiger Dr, Lake Ann, MI 49650
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    • $649,900
      11.69 Acres

      Operational Lumber Company and Sawmill

      Operational lumber company and sawmill on 11.70 acres.
      17437 Almira Rd, Lake Ann, MI 49650
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    • $199,900

      Land For Sale

      Land available for purchase.
      Alvinas Trl, Lake Ann, MI 49650
      View Details
    • $129,000
      6.81 Acres

      Lake Ann Wooded Acreage

      6.81 acres of wooded land near Lake Ann.
      Maple City Hwy, Lake Ann, MI 49650
      View Details
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    6551 1st St
    Lake Ann, MI 49650-9549
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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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