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Investment Highlights

  • High traffic area for resort town visitors and for those on way "up north"

Executive Summary

Prime commercial opportunity on highly traveled Lakeshore Rd (M-25) in Applegate. Situated on approximately 1.03 acres, this property offers excellent visibility, steady traffic flow, and convenient access along the Lake Huron corridor. Formerly operated as a neighborhood market, the site is well-suited for a variety of uses including retail, food service, or redevelopment. The spacious lot provides ample room for parking, outdoor use, or future expansion. Located between Lexington and Port Sanilac, this property benefits from both local and seasonal traffic, making it an ideal investment or owner-user opportunity. Endless potential in a high-exposure location. Store front and upper apartment. Property in need of work however the location is not replaceable!

Taxes & Operating Expenses (Actual - 2026)

Annual Annual Per SF
Taxes $1,500 $0.50
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026)

Taxes
Annual $1,500
Annual Per SF $0.50
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $1,500
Annual Per SF $0.50

Property Facts

Sale Type
Owner User
Sale Conditions
Deferred Maintenance
Property Type
Retail
Building Size
3,000 SF
Year Built
1970
Price
$199,900
Price Per SF
$66.63
Tenancy
Single
Building Height
2 Stories
Building FAR
0.05
Lot Size
1.50 AC
Zoning
Commercial
Parking
10 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
150’ on M-25
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
210-026-300-140-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$55,800 (2025)
Annual Taxes
$1,500 ($0.50/SF)
Tax Year
2026 Payable 2026
  • Listing ID: 39855073

  • Date on Market: 3/20/2026

  • Last Updated:

  • Address: 2494 Lakeshore Rd, Applegate, MI 48401

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