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
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