3497 N US-23, Oscoda, MI 48750
Lake Huron Pines 1 · Iosco County
Key Facts
Description
Incredible opportunity to own a 2,706 sq ft commercial building on 181 feet of prime US-23 frontage in Oscoda, just across from Lake Huron. Zoned R-4, this property was formerly home to one of Michigan’s most lucrative Big Boy restaurants, offering exceptional visibility, heavy traffic counts, and a proven location for success. Large windows provide partial lake views, and its location within walking distance to many beachfront rentals makes it ideal for attracting both tourists and locals. New roof in 2022 The expansive paved lot offers great parking, including dedicated RV parking, and the flexible open space inside is ready for your vision, whether it’s a new restaurant, retail shop, or mixed-use business. While no restaurant equipment is included, the building’s layout and history make it a versatile choice for redevelopment. Adding to the value is a 1,008 sq ft, 2 bedroom, 1 bathroom single-family home on the property (address is 3497 US-23), fully remodeled in 2021. This updated home can serve as comfortable owner’s quarters, a short- or long-term rental, or employee housing. With its prime location, proven commercial history, and residential income potential, this property offers a rare chance to invest in a high-demand lakeside market along Michigan’s Sunrise Side. Commercial building and single family home cannot be sold separately as both are under one parcel ID. BATVAI
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1955
Stories
1
Living Area
3,714 sq ft
Lot Size
1.04 acres
Lot Dimensions
183x253x175x256
Days on Market
329
MLS® Listing#
1937693
Property Features
Interior
Appliances
Heating
Fireplace
Basement
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Other Structures
Community
Utilities
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$46,831
Parcel Number
021-L40-000-021-00
Directions
3 miles south of Oscoda on the right
Affordability Calculator
$45,800
Estimated monthly payment
$1,219/mo
Principal $183,200 · Est. interest $255,580 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oscoda, MI
- $247,500
- Median Listing Price
- 56
- Median Days on Market
- 1,470
- Median Sq Ft
- $169
- Median Price / Sq Ft
- 101
- Active Listings
- This home’s price is 7% below the area median.
- Its price per sq ft is 64% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oscoda, MI.
Location
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Points of Interest in Oscoda, MI
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 300 SW State Street, Oscoda Charter Township, MI | $165,000 | 3 | 1 | 864 |
| 5772 Oak Street, Oscoda, MI | $169,900 | 3 | 1 | 1,470 |
| 411 Ottawa Drive, Oscoda Charter Township, MI | $174,900 | 5 | 2 | 1,232 |
| 411 Ottawa Drive, Oscoda, MI | $174,900 | 5 | 2 | 1,232 |
| 10609 Bissonette Drive, Oscoda, MI | $175,000 | 3 | 2 | 1,170 |
| 10609 Bissonette Drive, Oscoda Charter Township, MI | $175,000 | 3 | 2 | 1,170 |
Moving Cost Estimate
EXIT Agents in Oscoda
Listing Courtesy: STERLING PROPERTIES - C: 989-820-6968