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2598 S Oceana Dr, Shelby, MI, 49455

1beds
1baths
1,700sqft
$75,000
$44price/sqft
$656/moest. monthly cost
$26,240/yrincome needed

About This Home

Blank canvas for your business aspirations or for creating a unique personal residence with tons of space for your toys, and hobbies. The existing infrastructure (wood-clad, cinderblock exterior walls) on slab foundation allow for a build-out of your liking. The large lot offers ample space for parking, or future expansion. The structure is approximately 5000 square feet, and had a professionally installed roof put on in 2021. Since it's glory days as a restaurant, the building was gutted and used as a warehouse and woodshop since 2021. Oceana Dr has recently been renewed allowing easy access to the building. The ''rail trail'' runs behind the building and could become a revenue source for a creative buyer.

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

4/10
7/10
Shelby Middle SchoolGrades 6-81.5 mi
6/10
Shelby High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1945

Materials

  • Foundation: Slab
  • Roof: Rubber
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Entry
  • Area: 144
  • Dimensions: 12 X 12

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 1,700

Heating

  • Heating features: Other Heating Source

Interior Area

  • Total interior livable area: 1,700 sqft

Other

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Property

Details

  • Parcel number: 04602010020
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevel
  • Pool features: None

Lot

  • Lot size: 0.57 Acres
  • Lot size dimensions: 244 x 89

Parking

  • Parking features: No Garage

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

  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Inland Flooding
Ice Storm
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Oceana County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $379$4,548
Home Insurance *$38$456
Property Taxes $51$612
Electricity $188$2,259
Total$656$7,872
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$22,491/yr
40% on housing$19,680/yr
45% on housing$17,493/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 0.3%
0.3%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -3.1%
-3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$44This listing

vs Other Active Listings

Avg $/sqft

ZIP 49455$140
Oceana County$206

vs Homes Sold Last Month

Median $/sqft

ZIP 49455
Oceana County$178

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

DateEventPrice
2025-10-15Listed for sale$82,500

For Sale by Agent

AgentJeff Kermath
BrokerageKermath Realty LLC

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