In-town Federic home with multiple live-work income $275,000

Lake Home For Sale

In-town Federic home with multiple live-work income opportunities. Take advantage of the multi-use zoning while living in an updated, spacious 5 bedroom home. The commercial side is currently being used as a bakery with over 1200 sq ft which can easily accommodate most business use needs, or convert it into even more living space. Retail space currently offers ample dining accommodations, kitchen, bar/counter, and attractive woodwork. Retail space ideal for bakery/coffee house, small bookstore, salon/barbershop, walk-in real estate office, therapist office, or the like. Current bedroom arrangement can sleep over sixteen for short-term rental, and the retail space could be converted into additional living space or even a separate, in-law residential unit. 3 car garage with 100 AMP service. House and retail area updated throughout including new roof (2020), air conditioning (2021), hook up for generators, new flooring, and new kitchen (2024). Wood boiler is negotiable. Walk to downtown Frederic restaurants and bars. Minutes from Au Sable's renown trout waters. Close to Lake Otsego and Manistee Lake along with miles of snowmobile trails. Bordering right up against the new Bell Iron Trail. Bank appraisal completed in June 2024 came in at $275,000.