Property profile

7963 State St Central Lake, MI 49622

OFF-MARKET
Other commercial real estate
Property ID
US43-3256316
1,026 SF 0.06 ac lot
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Located in downtown Central Lake, Antrim County, Michigan, this mixed-use building is configured for residential and commercial/office uses. The property has approximately 1,200 square feet of living area and is laid out with an upper level containing a one-bedroom apartment, and a lower level that includes additional rooms with a half bathroom for extra guest capacity or separate office/commercial use. An attached, partially insulated garage features one overhead door providing access to a parking area and a second opening to a courtyard. Building systems include a gas boiler installed in 2019 and a roof installed in 2012, supporting continued residential or business occupancy. The structure is positioned to support combined use of upper and lower spaces, including potential use of the lower level to serve foot traffic associated with nearby amenities.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,026 SF
Lot 0.06 ac (2,614 SF)
APN 05-42-010-067-00
UPID US43-3256316

Cap rate & NOI

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

Location

7963 State St Central Lake, MI 49622-9803
Central Lake metro Census 960300
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
$75k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2014
$70,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7963 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message