2433 N Main St Central Lake, MI 49622
Estimated payment $958/month
Highlights
- Hot Property
- Forced Air Heating and Cooling System
- 1-minute walk to Thurston Park
- Great Room
- Handicap Accessible
About This Home
This unique offering features a versatile street-level commercial space and two fully-occupied residential one bedroom apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.
Listing Agent
Keller Williams Northern Michigan License #6502363124 Listed on: 12/04/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,050
Year Built
- Built in 1920
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 25 x 100
- The community has rules related to zoning restrictions
Parking
- Assigned Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Membrane Roofing
- Block Exterior
Interior Spaces
- 2,685 Sq Ft Home
- 2-Story Property
- Great Room
- Oven or Range
Bedrooms and Bathrooms
- 2 Bedrooms
Accessible Home Design
- Handicap Accessible
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- Central Lake Village Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,050 | $70,600 | $0 | $0 |
| 2024 | $16 | $46,900 | $0 | $0 |
| 2023 | $1,536 | $46,900 | $0 | $0 |
| 2022 | $1,346 | $40,000 | $0 | $0 |
| 2021 | $1,296 | $34,400 | $0 | $0 |
| 2020 | $1,282 | $30,600 | $0 | $0 |
| 2019 | $1,268 | $30,400 | $0 | $0 |
| 2018 | $1,654 | $31,900 | $0 | $0 |
| 2017 | $1,776 | $29,600 | $0 | $0 |
| 2016 | $1,264 | $29,300 | $0 | $0 |
| 2015 | -- | $34,300 | $0 | $0 |
| 2014 | -- | $35,200 | $0 | $0 |
| 2013 | -- | $36,700 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Sale | $150,000 | -- | $56 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,637 | Corporate Settlement Solutio | |
| Deed | $50,600 | -- | |
| Quit Claim Deed | -- | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1940983
APN: 05-42-090-021-00
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