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$1,375,000

Est. payment - /mo

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5 Beds

0.26 Acres Lot

Active

4880 Main Street Onekama Vlg, MI 49675

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Jeff Lauster

jefflauster@epique.me +1(810) 429-2923

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025035709

Bedrooms 5

Year Built 1900

Annual Tax Amount $16,152

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 128 x 55 x126 x 83

Source Greater Regional Alliance of REALTORS®

Property Description

Beautifully Renovated Historic 5-Plex in the Heart of Onekama. This is a rare opportunity to own a completely rebuilt, turn-of-the-century landmark right in the heart of downtown Onekama. The historic Onekama Hotel was rebuilt from the foundation in 2023 with all-new plumbing, electrical, HVAC, insulation, drywall, windows, roof, porches, and decks. Each unit has its own heating and cooling, on-demand hot water, and the building features a water softening system. All five units are fully furnished with high-quality pieces from West Elm and Pottery Barn, and the property is being sold fully furnished. Suite #1 is a spacious two-bedroom, two-bathroom unit that would be ideal for an on-site owner or private getaway. The remaining four units are one-bedroom, one-bathroomAll five are currently operating as successful short-term rentals. Located just one block from Portage Lake and steps from the public park and beach, this walkable location is surrounded by everything Onekama has to offeran ice cream shop, coffee shop, restaurants, and boutique shopping. A couple of the second-story decks even offer views of the lake. Love the outdoors? Whether it's hiking, fishing, biking, or boating, there's something here for everyone. Boaters will appreciate the four marinas on Portage Lake and the direct channel to Lake Michigan, making this a true boater's and fisherman's paradise. Golfers will love being just minutes from Arcadia Bluffs and other top-rated golf courses located north along scenic M-22. And for entertainment, Little River Casino is just a quick seven-minute drive away. Whether you're an investor, a vacation property buyer, or someone looking to live in a vibrant lakeside town, this fully renovated, income-generating property checks every box.

Location

State MI

County Manistee

Area Onekama Vlg

Zoning Other

Direction M-22 to Main Street in Onekama. Dala house is on the NORTH side of the street.

Interior

Interior Features Laundry Facility

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 9.0

Roof Type Composition,Metal

Road Frontage Paved, Pub. Sidewalk

Garage no

Private Pool No

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Well (Existing)

Structure Type Vinyl

Schools

School District Onekama

Others

Pets Allowed Yes

Tax ID 4105001905

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

Financing Cash,Conventional,VA

Listed by Corinn Fink of Five Star Real Estate (Onekama)

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Jeff Lauster

Agent | License ID: 6501439321

+1(810) 429-2923

4880 Main Street Onekama Vlg, MI 49675

Jeff Lauster

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4880 Main Street