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Executive Summary

Prime M-22 Investment Opportunity in Onekama's ''Two Lake Town''! Located along iconic M-22 Scenic Highway--one of the most celebrated drives in the Midwest--this versatile mixed-use property offers outstanding visibility & endless potential in the charming village of Onekama.Situated in the heart of this unique ''Two Lake Town,'' known for its proximity to both Portage Lake & Lake Michigan , the property features a commercial storefront with excellent exposure to steady seasonal & year-round traffic along M-22. Behind the retail space, you'll find a spacious 3-bedroom home--ideal for owner occupancy, long-term rental, or short-term vacation income. A garage & additional workshop space provide flexibility for storage, hobbies, or business expansion. Whether you're looking to establish a business, create a live/work setup, or invest in one of Northern Michigan's most desirable corridors, this property delivers location, versatility, opportunity all in one.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
1930
Price
$477,348 CAD
Price Per SF
$136.39 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.54
Lot Size
0.15 AC
Zoning
Commercial - Commercial district zone
Parking
5 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
68’ on Main Street

Amenities

  • Property Manager on Site
  • Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
41-050-010-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$144,473 CAD
  • Listing ID: 40216020

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 4990 Main St, Onekama, MI 49675

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