For Sale
4990 Main Street, Onekama, MI 49675
$349,000
MLS # 26016477 (Michigan Regional Information Center (MichRIC))
3 beds2 baths3,500 sqftBuilt 19300.16 acres
1 / 70
Listing Description
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.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 3,500 sq ft home in Onekama Village in Onekama built in 1930.
Asking $349,000 (about $100/sq ft).
Annual property taxes run approximately $5,500 ($458/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Superior Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area3,500 sqft
Lot Size0.16 acres
Year Built1930
Stories1
Location
CityOnekama
MunicipalityOnekama Vlg
Zip Code49675
CountyManistee
School DistrictOnekama
Construction & Systems
StyleRanch
ConstructionConcrete, Wood Siding
BasementCrawl Space
Garage1 space
HeatingForced Air
WaterWell
SewerPublic
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
InteriorBroadband, Garage Door Opener
Sale & Financing
Listed4/18/2026
Terms AcceptedCash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,500
Tax Year2026
Assessed Value$101,012
Parcel #51-41-050-010-00
Source: SparkMLS
Legal Description
VILLAGE OF ONEKAMA PART OF LOTS 1 + 2, COM AT SE COR LOT 1, NW'LY ALG N LI OF MAIN ST TO PT ON S LI LOT 2, 71.90 FT, TH
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Virginia M Pelton
CENTURY 21 Northland
Frequently Asked Questions about 4990 Main Street, Onekama, MI 49675
Which school district serves 4990 Main Street, Onekama, MI 49675?
Per MLS# 26016477, 4990 Main Street, Onekama, MI 49675 is in the Onekama boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Onekama directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26016477, this listing accepts Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4990 Main Street, Onekama, MI 49675?
Per public tax records, annual property taxes for this property are $5,500 (2026). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4990 Main Street, Onekama, MI 49675 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 4990 Main Street, Onekama, MI 49675 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 4990 Main Street, Onekama, MI 49675?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Superior Energy Company. Sewer: Public. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Onekama Vlg police department or the Manistee County sheriff's office.
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Monthly payment$2,264
Principal & interest$2,264
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Superior Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4990 Main Street, Onekama, MI 49675
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Municipality
Onekama Village
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