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 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.
Active
$1,375,000
4880 Main St, Onekama, MI 49675
6beds
6baths
3,760sqft
Est.:
5+ Units
Built in 1900
-- sqft lot
$1,277,400 Zestimate®
$366/sqft
$-- HOA
What's special
Spacious two-bedroom two-bathroom unitViews of the lake
- 22 days
- on Zillow |
- 788 |
- 42 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 12:05pm
Listed by:
Corinn Fink 616-278-5417,
Five Star Real Estate (Onekama) 231-508-1001
Source: MichRIC,MLS#: 25035709

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
Features
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,760 sqft
Property
Parking
- Total spaces: 9
Lot
- Size: 0.26 Acres
- Dimensions: 128 x 55 x 126 x 83
- Features: Level, Sidewalk, Corner Lot
Details
- Parcel number: 4105001905
- Zoning description: com/ res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Vinyl Siding
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Onekama
Financial & listing details
- Price per square foot: $366/sqft
- Tax assessed value: $300,948
- Annual tax amount: $16,152
- Date on market: 7/18/2025
- Listing terms: VA Loan,Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
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