About This Home

This 2-bedroom, 1-bathroom single family at 3497 N US-23 in Oscoda, MI is listed for $229,000 ($62 per sqft). Built in 1955, the home offers 3,714 sqft of living space on a 1.04 acres lot.

Key Features

  • Built in 1955
  • 1.04 acre lot

Property Details

1 story
1 full
#3511 Us-23
1955
Listing 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

Monthly Cost Estimate

$1,225/mo

20% down · 6.5% · 30 years

Principal$166
Interest$992
Insurance$67

Estimates only. Actual payments may vary.

Location

3497 N US-23

Oscoda, MI 48750

Features & Amenities

Exterior Features

Sidewalk

Property Details

Construction

Block Frame

Appliances

RefrigeratorOven/RangeDishwasherMicrowaveWasherDryerCeiling Fan

Questions & Answers

This 2-bedroom, 1-bathroom single family at 3497 N US-23 is listed at $229,000 ($62/sqft). The estimated monthly payment is $1,225 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 1.04 acre lot. Exterior Features: Sidewalk.

This property is listed by FAITH LOOK and can be reached at 9898206968.

FL

FAITH LOOK

Agent at STERLING PROPERTIES

(989) 820-6968

Listed by STERLING PROPERTIES · View on Broker Site

MLS# 1937693· Source: listhub· 330 days on market

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3497 N US-23, Oscoda, MI 48750

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