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. Not to mention easy walk to Portage Lake Park with a Beach & live summer music all summer. Also within walking distance to the well known fine dining Glenwood Restaurant, Historic Blue Slipper Tavern with outdoor dining & regular live music, early Mornings at Lake & Latte cafe or Amigos Mexican Cafe. Short Drive to the Historic Portage Point Inn with Lahey's Pub & the Public Beach at Lake Michigan.
Active
$349,000
4990 Main St, Onekama, MI 49675
3beds
3,500sqft
Single Family Residence
Built in 1930
6,969 Square Feet Lot
$335,700 Zestimate®
$100/sqft
$-- HOA
What's special
- 69 days |
- 564 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Virginia M Pelton 231-690-0852,
CENTURY 21 Northland 231-723-6100
Source: MichRIC,MLS#: 26016477
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Description: Slider to Patio
- Level: Main
- Area: 154
- Dimensions: 14.00 x 11.00
Bedroom 2
- Description: Slider to Back Yard
- Level: Main
- Area: 150.7
- Dimensions: 13.70 x 11.00
Bedroom 3
- Level: Main
- Area: 139.38
- Dimensions: 13.80 x 10.10
Bathroom 1
- Description: Whirlpool Tub
- Level: Main
- Area: 88.16
- Dimensions: 11.60 x 7.60
Bathroom 2
- Description: 1/2 Bath
- Level: Main
- Area: 33.06
- Dimensions: 5.80 x 5.70
Bathroom 3
- Description: Retail Bathroom
- Level: Main
- Area: 39.5
- Dimensions: 7.90 x 5.00
Great room
- Description: Retail Space
- Level: Main
- Area: 830.7
- Dimensions: 39.00 x 21.30
Kitchen
- Level: Main
- Area: 120.6
- Dimensions: 13.40 x 9.00
Laundry
- Description: Mud Room
- Level: Main
- Area: 50
- Dimensions: 10.00 x 5.00
Living room
- Description: Hardwood Floor/Fireplace
- Level: Main
- Area: 500
- Dimensions: 25.00 x 20.00
Other
- Description: Entry
- Level: Main
- Area: 27.3
- Dimensions: 7.00 x 3.90
Other
- Description: Garage
- Level: Main
- Area: 339
- Dimensions: 22.60 x 15.00
Utility room
- Description: Behind Retail front
- Level: Main
- Area: 140
- Dimensions: 20.00 x 7.00
Workshop
- Description: Behind House & Garage
- Level: Main
- Area: 678
- Dimensions: 22.60 x 30.00
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: Laundry Room, Main Level
Features
- Flooring: Tile, Vinyl, Wood
- Windows: Replacement
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Side, Garage Door Opener, Attached
- Garage spaces: 1
Features
- Stories: 1
- Fencing: Full,Other,Privacy
- Waterfront features: Lake
Lot
- Size: 6,969 Square Feet
- Dimensions: 68 x 118 x 48 x 115
- Features: Level, Sidewalk
Details
- Parcel number: 514105001000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Concrete, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Onekama
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $101,012
- Annual tax amount: $5,500
- Date on market: 4/19/2026
- Listing terms: Cash,FHA,VA Loan,USDA Loan,MSHDA,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$335,700
$319,000 - $352,000
$1,862/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2026 | Listed for sale | $349,000-3.1%$100/sqft |
Source:  MichRIC #26016477 Report a problem | ||
| 4/13/2026 | Listing removed | $360,000$103/sqft |
Source: MichRIC #25046315 Report a problem | ||
| 3/5/2026 | Price change | $360,000-1.4%$103/sqft |
Source: MichRIC #25046315 Report a problem | ||
| 2/2/2026 | Price change | $365,000-6.4%$104/sqft |
Source: MichRIC #25046315 Report a problem | ||
| 11/5/2025 | Price change | $390,000-1.3%$111/sqft |
Source: MichRIC #25046315 Report a problem | ||
| 9/10/2025 | Listed for sale | $395,000+75.6%$113/sqft |
Source: MichRIC #25046315 Report a problem | ||
| 4/10/2023 | Listing removed | -- |
Source:  Realcomp II #67019041273 Report a problem | ||
| 4/9/2021 | Sold | $225,000-6.2%$64/sqft |
Source: MichRIC #19041273 Report a problem | ||
| 3/3/2021 | Contingent | $239,900$69/sqft |
Source: Realcomp II #67019041273 Report a problem | ||
| 9/3/2020 | Price change | $239,900-4%$69/sqft |
Source: MichRIC #19041273 Report a problem | ||
| 8/15/2018 | Listed for sale | $249,900$71/sqft |
Source: CENTURY 21 Boardwalk #18040059 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $105,900 +11% |
| 2024 | $4,588 | $95,400 -2.6% |
| 2023 | -- | $97,900 +3.5% |
| 2022 | -- | $94,600 +7.7% |
| 2021 | -- | $87,800 +6.2% |
| 2020 | -- | $82,700 +7.7% |
| 2019 | -- | $76,800 +10.7% |
| 2018 | -- | $69,400 |
| 2017 | -- | $69,400 +7.8% |
| 2016 | -- | $64,400 -1.7% |
| 2015 | -- | $65,500 -0.9% |
| 2014 | -- | $66,100 -0.8% |
| 2013 | -- | $66,600 -2.2% |
| 2012 | -- | $68,100 -6.1% |
| 2011 | -- | $72,500 -2.4% |
| 2010 | -- | $74,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 49675
Nearby schools
GreatSchools rating
- 8/10Onekama Middle/High SchoolGrades: K-12Distance: 0.2 mi
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- Michigan
- Manistee County
- Onekama
- 49675
- 4990 Main St
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