3497 N Us Highway 23, Oscoda, MI, 48750
About This Home
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
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Block,Frame,Vinyl Siding,Stone
Notable Dates
- Major remodel year: 2021
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Dishwasher,Microwave,Washer,Dryer
- Laundry features: Main Level
Basement
- Basement: Crawl Space
Bedroom2
- Area: 90
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Features
- None,Ceiling Fan(s),Cable TV
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 3,714
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 3,714
- Total interior livable area: 3,714 sqft
Kitchen
- Area: 247
Living Room
- Area: 456
Master Bathroom
- Features: Shared
Master Bedroom
- Area: 100
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 021L4000002100
- Zoning description: Residential,Commercial
Features
- Levels: One
- Stories: 1
- Exterior features: Sidewalk
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Lot size: 1.04 Acres
- Features: Level,Subdivided
- Lot size dimensions: 183 x 253 x 175 x 256
Parking
- Parking features: None,Asphalt
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
- Hail
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Iosco County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,157 | $13,884 |
| Home Insurance * | $121 | $1,452 |
| Property Taxes | $167 | $2,004 |
| Electricity | $405 | $4,861 |
| Total | $1,850 | $22,200 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-01 | Listed for sale | $229,000 |
| 2025-10-07 | Contingent | $229,000 |
| 2025-08-19 | Listed for sale | $229,000 |
| 2024-05-08 | Listing removed | $289,900 |
| 2023-11-15 | Listed for sale | $289,900 |
| 2023-11-01 | Listing removed | $299,000 |
| 2023-04-30 | Listed for sale | $299,000 |
| 2023-04-09 | Listing removed | -- |
| 2022-11-20 | Listed for sale | $299,000 |
View on Zillow