4880 Main Street, Onekama, MI 49675 (MLS# 25035709)

4880 Main Street, Onekama, MI 49675

$1,375,000
Property Type: Multi Family Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $1,375,000 List Date: 7/18/2025 Last Modified: 8/04/2025

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-bathroom

Supplements: All 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.

More Information MLS# 25035709

Location Property Info

County: Manistee Street #: 4880 Street Name: Main Suffix: Street State: MI Zip Code: 49675 Area: MasonOceanaManistee - O

OfficeContract Info

Status: Active Current Price: $1,375,000 List Price: $1,375,000 Listing Date: 2025-07-18

General Property Info

Lot Measurement: Acres Lot Square Footage: 11326 Lot Acres: 0.26 Lot Dimensions: 128 x 55 x126 x 83 Year Built: 1900 New Construction: No Financial Available: Yes Cert of Compliance: Yes Road Frontage: 128 Total # Units: 5 # of Diff Unit Floor Plans: 5 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 4000 Total Parking Spaces: 9 Waterfront: No School District: Onekama

Tax Info

Tax ID #: 41-050-019-05 Taxable Value: 300948 SEV: 308100 For Tax Year: 2024 Seller's Annual Property Tax: 16152 Tax Year: 2024 Spec Assessment & Ty: none Zoning: com/ res

Remarks Misc

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

Access Feat

Accessibility Features: No

Unit 1

Unit #: 1 Unit Description: luxury furnished SqFt: 1010 Occupied: Yes Monthly Rent: 5000 Bedrooms: 2 Bathrooms: 2 Full Baths: 2

Unit 2

Unit #: 2 Unit Description: luxury furnished SqFt: 700 Occupied: Yes Monthly Rent: 3000 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: luxury furnished SqFt: 600 Occupied: Yes Monthly Rent: 3000 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 4

Unit #: 4 Unit Description: luxury furnished SqFt: 600 Occupied: Yes Monthly Rent: 3000 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 5

Unit #: 5 Unit Description: luxury furnished SqFt: 850 Occupied: Yes Monthly Rent: 3000 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Property Features

Laundry Features: Electric Dryer Hookup; Laundry Room; Main Level; Sink; Washer Hookup Exterior Material: Vinyl Siding Roofing: Composition; Metal Substructure: Crawl Space Lot Description: Corner Lot; Level; Sidewalk Sewer: Public Sewer Water: Well Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: High Speed Internet; Public Sewer Extras: Garages Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Street Type: Paved Terms Available: Cash; Conventional; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: A/C Unit; Central Air; Dishwasher; Garage; Garb Disp; Range Oven; Refrigerator Unit 2: A/C Unit; Carport; Central Air; Dishwasher; Garage; Garb Disp; Refrigerator; Sep. Heat System Unit 3: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Garb Disp; Refrigerator; Sep. Heat System Unit 4: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Garb Disp; Refrigerator; Sep. Heat System Unit 5: A/C Unit; Central Air; Deck/Patio; Dishwasher; Fireplace; Garage; Garb Disp; Refrigerator; Sep. Heat System
Listing Office: Five Star Real Estate (Onekama)
Listing Agent: Corinn Fink
Last Updated: August - 04 - 2025
4880 Main Street, Onekama, MI 49675- MLS# 25035709
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