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    For Sale (39)

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    Half Acre Wooded Lot
    Contact for pricing
    0.50 Acres

    Half Acre Wooded Lot

    Half acre wooded lot for new home in Hillsdale.

    3544 Mechanic Rd, Hillsdale, MI 49242
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    Versatile Property with Pole Barn
    $298,000
    6,000 SF

    Versatile Property with Pole Barn

    Private property featuring a tiny house and spacious pole barn.

    9055 Kellogg Dr, Reading, MI 49274
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    Hillsdale, MI Tillable Land
    $79,900
    10.00 Acres

    Hillsdale, MI Tillable Land

    10 acres of productive tillable land or home site.

    Crampton Rd, Hillsdale, MI 49242
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    Lake Columbia Homesite Ready to Build
    Contact for pricing
    0.26 Acres

    Lake Columbia Homesite Ready to Build

    Cleared 0.26-acre homesite with lake views and private lake access.

    6416 Kelley Rd, Brooklyn, MI 49230
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    Prime Development Land on M-99
    $1,150,000
    13.00 Acres

    Prime Development Land on M-99

    13+/- acre cleared development property on Michigan State Highway M-99.

    W Carleton Rd, Jonesville, MI 49250
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    Prime Commercial Land Opportunity
    $1,850,000
    27.00 Acres

    Prime Commercial Land Opportunity

    27-acre commercial land with high visibility and development potential.

    W Carleton Rd, Jonesville, MI 49250
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    Turnkey Garden Center on US-127
    $500,000
    1,536 SF

    Turnkey Garden Center on US-127

    Established garden center on 10 acres with high visibility.

    645 S Meridian Rd, Hudson, MI 49247
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    Land Near Lake Michigan Access
    $205,000
    0.14 Acres

    Land Near Lake Michigan Access

    Land parcel near Douglas Beach and downtown Douglas.

    6912 3 St, Douglas, MI 49406
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    Residential Land Near Golf Course
    $150,000
    0.80 Acres

    Residential Land Near Golf Course

    Residential land parcel near Clearbrook Golf Course in Saugatuck, MI.

    3505 65Th St, Saugatuck, MI 49453
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    Hillsdale Land with Spacious Pole Barn
    $69,000
    0.94 Acres

    Hillsdale Land with Spacious Pole Barn

    Nearly one-acre lot near Hillsdale College with versatile pole barn.

    32 Mcclellan St, Hillsdale, MI 49242
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    Land Near Long and Hemlock Lakes
    $52,000
    3.96 Acres

    Land Near Long and Hemlock Lakes

    3.96 acre parcel near lakes, ideal for building or storage.

    9059 Kellogg Dr, Reading, MI 49274
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    Versatile Property Near Bird Lake
    $158,999
    0.85 Acres

    Versatile Property Near Bird Lake

    0.85-acre property with a newer pole barn near Bird Lake.

    6017 Skuse Rd, Osseo, MI 49266
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    Vacant Land on US12
    Contact for pricing
    2.07 Acres

    Vacant Land on US12

    2.07 acres of vacant land for sale on US12.

    E Chicago Rd, Cement City, MI 49233
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    Land in Lake Community
    $99,000
    0.23 Acres

    Land in Lake Community

    Land with garage in private lake community, Hillsdale, Michigan.

    3549 Majestic Ct, Hillsdale, MI 49242
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    High Visibility Commercial Space
    $549,500
    6,021 SF

    High Visibility Commercial Space

    Premier 6,021 SF facility on a busy traffic corridor.

    317 W Chicago St, Jonesville, MI 49250
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    Historic Farmhouse with Guest Cottages
    $1,100,000
    3,090 SF

    Historic Farmhouse with Guest Cottages

    Remodeled farmhouse with cottages, ideal for short-term rentals.

    300 N Ferry St, Douglas, MI 49406
    View details
    Lake Diane Access Building Lot
    $35,000
    0.23 Acres

    Lake Diane Access Building Lot

    Cleared lot near public boat launch, ready to build.

    13511 Woodbridge Rd, Camden, MI 49232
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    Established Garden Center on US-127
    $500,000
    10.01 Acres

    Established Garden Center on US-127

    Turnkey garden center on 10 acres with high visibility.

    645 S Meridian Rd, Hudson, MI 49247
    View details
    23.5 Acre Hunting Paradise
    $269,900
    23.50 Acres

    23.5 Acre Hunting Paradise

    23.5 acre wooded hunting land with pond and mature timber.

    490 Kelley Rd, Reading, MI 49274
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    Lake Access Land Ready Build
    Contact for pricing
    0.22 Acres

    Lake Access Land Ready Build

    Cleared lot near Lake Diane, ready for new construction.

    13549 Monte Carlo Dr, Camden, MI 49232
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    Commercial Land Near New Developments
    $379,000
    3.90 Acres

    Commercial Land Near New Developments

    4 acres of commercial land near Aldi and Meijer.

    3911 W Carleton Rd, Hillsdale, MI 49242
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    Hillsdale Commercial Land Opportunity
    $300,000
    2.58 Acres

    Hillsdale Commercial Land Opportunity

    Prime 2.5+/- acre commercial land in Hillsdale, Michigan.

    2806 W Carleton Rd, Hillsdale, MI 49242
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    Hillsdale Land with Pole Barn
    $110,000
    11.64 Acres

    Hillsdale Land with Pole Barn

    11.66 acres with pole barn and shed.

    2704 Wood Vw Dr, Hillsdale, MI 49242
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    Productive Farmland with Machinery Shed
    $399,500
    40.00 Acres

    Productive Farmland with Machinery Shed

    40 acres of farmland with tillable acreage and machinery shed.

    10800 South Rd, Waldron, MI 49288
    View details
    Laketown Township Acreage For Sale
    $2,000,000
    10.00 Acres

    Laketown Township Acreage For Sale

    Acreage in Laketown Township near Saugatuck Dunes State Park.

    65Th St, Holland, MI 49423
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    Plainwell Wooded Land For Sale
    $348,000
    4.17 Acres

    Plainwell Wooded Land For Sale

    4.17-acre wooded parcel in Plainwell School District, near US131/M89.

    Vl Douglas Ave, Plainwell, MI 49080
    View details
    Farmland in Reading, Michigan
    $159,000
    15.07 Acres

    Farmland in Reading, Michigan

    15.07 acres of tillable farmland, fenced for pasture.

    Dimmers Rd, Reading, MI 49274
    View details
    Historic Mixed-Use Building in Saugatuck
    $2,225,000
    9,176 SF

    Historic Mixed-Use Building in Saugatuck

    Historic brick building with residential and commercial rentals in downtown.

    439 Butler St, Saugatuck, MI 49453
    View details
    30 Acres in Southern Michigan
    $229,500
    30.00 Acres

    30 Acres in Southern Michigan

    30 acres with tillable land and recreational space.

    Reading, MI 49274
    View details
    Prime Commercial Land Opportunity
    $1,850,000
    27.00 Acres

    Prime Commercial Land Opportunity

    27-acre commercial land with high visibility and development potential.

    W Carleton Rd, Jonesville, MI 49250
    View details
    Wooded Lot Near Hemlock Lake
    $48,000
    4.08 Acres

    Wooded Lot Near Hemlock Lake

    4.08-acre wooded lot near Hemlock Lake with potential.

    8875 Kellogg Dr, Reading, MI 49274
    View details
    Wooded Lot Near Hemlock Lake
    $48,000
    4.13 Acres

    Wooded Lot Near Hemlock Lake

    4.13-acre wooded lot with potential, near Hemlock Lake.

    8941 Kellogg Dr, Reading, MI 49274
    View details
    Versatile Commercial Building in Kalamazoo
    $425,000
    4,662 SF

    Versatile Commercial Building in Kalamazoo

    Iconic building suitable for various service-based businesses and residential opportunities.

    1020 S Westnedge Ave, Kalamazoo, MI 49008
    View details
    2.5 Acres Buildable Commercial Land
    $249,900

    2.5 Acres Buildable Commercial Land

    Commercial land with frontage on Carleton and Beck Roads.

    3350 W Carleton Rd, Hillsdale, MI 49242
    View details
    Commercial Land with Road Frontage
    $249,000
    1,194 SF

    Commercial Land with Road Frontage

    6.75 acres of commercial land with high traffic exposure.

    6900 Spring Arbor Rd, Spring Arbor, MI 49283
    View details
    Golden Highway Frontage Land
    $249,900

    Golden Highway Frontage Land

    Commercial land with frontage on the Golden Highway.

    4134 W Carleton Rd, Jonesville, MI 49250
    View details
    Historic Mixed-Use Building in Saugatuck
    $2,225,000
    9,176 SF

    Historic Mixed-Use Building in Saugatuck

    Two-story brick building with residential and commercial rentals.

    439 Butler St, Saugatuck, MI 49453
    View details
    Wooded Lot Near Hemlock Lake
    $48,000
    179,903 SF

    Wooded Lot Near Hemlock Lake

    4.13-acre wooded lot minutes from Hemlock Lake.

    8941 Kellogg Dr, Reading, MI 49274
    View details
    Hillsdale Land with Spacious Barn
    $74,900
    40,903 SF

    Hillsdale Land with Spacious Barn

    Nearly 1-acre lot near Hillsdale College with versatile pole barn.

    32 Mcclellan St, Hillsdale, MI 49242
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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