$475,000
Lakeview, MI 48850
MLS# 26037049
3 baths | 6068 sqft
1 / 3
Property Description
In today's economy choose the wise investment of land - supply and demand- it is the one thing no one can make more of! With an annual Net operating income of nearly $30k and a guaranteed ROI over 6% for the next 5 years- this property leased until 12/31/31, by the State of Michigan, with expanding opportunities as urban sprawl continues and the village of Lakeview (less than 2 miles away) begins to outgrow its borders. Zoned R-R with commercial approval who is to say how high the generated income on this property could go? Take consideration and do not let these dollars pass you by. Square Footage: 6,068 sq ft Valuation calculated by historical purchase price x inflation and investment alongside the current SEV and current lease rents totaling $203,884.80
Details
Maps
Location & Property Info
Cross Streets: Satterlee/Youngman and M-46
Property Sub-Type: Office
Municipality: Cato Twp
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 78.28
Prop Avail for Lease?: No
Current Bldg Use: Leased by MI State Police
General Property Info
New Construction: No
Lot Dimensions: 200x200
Road Frontage: 200
Mineral Rights: Unknown
Waterfront: No
Year Remodeled: 2021
Total # Units: 1
Total # Bldgs: 2
# Fin Bldg Lvls: 2
Total SqFt: 6068
Property Use Type: Investment
School District: Lakeview
Lot Measurement: Acres
Lot Acres: 2.56
Lot Square Footage: 111514
Year Built: 1975
Full Baths: 3
Total Baths: 3
Tax Info
Taxable Value: 395000
SEV: 138400
For Tax Year: 2021
Seller's Annual Property Tax: 63502
Tax Year: 2021
Homestead %: 0
Spec Assessment & Type: none
Non-Conforming Use: No
Zoning: Commercial
Tax ID #: 004-017-006-010
Remarks & Misc
Public Remarks: In today's economy choose the wise investment of land - supply and demand- it is the one thing no one can make more of! With an annual Net operating income of nearly $30k and a guaranteed ROI over 6% for the next 5 years- this property leased until 12/31/31, by the State of Michigan, with expanding opportunities as urban sprawl continues and the village of Lakeview (less than 2 miles away) begins to outgrow its borders. Zoned R-R with commercial approval who is to say how high the generated income on this property could go? Take consideration and do not let these dollars pass you by. Square Footage: 6,068 sq ft Valuation calculated by historical purchase price x inflation and investment alongside the current SEV and current lease rents totaling $203,884.80
Legal: see separate description
Additional Details
Total Parking Spaces: 34
Ceiling Height: 8
Income and Expenses
Annual Maint ($): 3000
Annual Mgt Fees ($): 1
Annual Prop Ins ($): 10008235
Annual Utilities ($): 1
Gross Op Income ($): 40777
Total Actual Rent: 40776.96
Net Operating Income: 28540
Operating Expense: 4002
Street Type
Paved: 1
Public: 1
SqFt Information
Other: 1
Property Use
Business: 1
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Uses
Distribution: 1
Manufacturing: 1
Professional Service: 1
Professional/Office: 1
Recreation: 1
Retail: 1
Storage: 1
Other: 1
Construction Type
Block: 1
Concrete: 1
Other: 1
Exterior Material
Block: 1
Brick: 1
Concrete: 1
Metal Siding: 1
Roofing
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Other: 1
Ownership
Proprietorship: 1
Other: 1
Below Grade
Basement: 1
Full: 1
Walk-Out Access: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Survey: 1
Other: 1
Business Includes
Real Estate: 1
Other: 1
Additional Features
Barrier Free: 1
Bath Common Area: 1
Expandable: 1
Multi User Facility: 1
Outdoor Storage: 1
Foundation
Block: 1
Concrete Perimeter: 1
Permanent: 1
Util Avail at St
Cable Available: 1
High Speed Internet: 1
Driveway
Paved: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Other: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Business Opportunity
Real Estate Value ($): 477000
Unit 1
Unit Description: State Police Post
SqFt: 6068
Occupied: Yes
Rent $/Month: 3398.08
# HVAC: 1
# Baths: 3
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Trash: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Montcalm
Street #: 10300
Street Direction: W
Street Name: Howard City-Edmore
State: MI
Zip Code: 48850
OfficeContract Info
Status: Active
Current Price: $475,000
List Price: $475,000
Listing Date: 2026-07-18
Remarks Misc
Directions: M-46 between Saterlee And Youngman
Property Features
Property Use: Business; Investment; Net Leased (nnn)
SqFt Information: Other
Uses: Distribution; Manufacturing; Professional Service; Professional/Office; Recreation; Retail; Storage; Other
Ownership: Proprietorship; Other
Business Includes: Real Estate; Other
Construction Type: Block; Concrete; Other
Exterior Material: Block; Brick; Concrete; Metal Siding
Roofing: Metal
Foundation: Block; Concrete Perimeter; Permanent
Below Grade: Basement; Full; Walk-Out Access
Additional Features: Barrier Free; Bath Common Area; Expandable; Multi User Facility; Outdoor Storage
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; High Speed Internet
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey; Other
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll; Other
Sale Conditions: None; Other
Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Trash
Possession: Subject To Tenant Rights
Supplements
All information believed to be accurate however, not guaranteed. Buyer and Buyer's agent responsible to verify.
Listing Office: Keller Williams GR North
Listing Agent: Tenneil Lemmen
Last Updated: July - 19 - 2026
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