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    Coldwell Banker Professionals

    3695 Okemos Rd, Suite 500, Okemos, MI 48864
    (517) 349-4406
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    For Sale (65)

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    Vacant Land in Sanilac County
    Contact for pricing
    2.32 Acres

    Vacant Land in Sanilac County

    Corner parcel in rural Sanilac County, suitable for building.

    Wellman Line B, Melvin, MI 48454
    View details
    Richmond Vacant Land Opportunity
    $299,000
    25.41 Acres

    Richmond Vacant Land Opportunity

    25.41-acre parcel perfect for a horse ranch or hobby farm.

    00 Angling Rd, Richmond, MI 48062
    View details
    10-Acre Vacant Land Parcel
    $87,000
    10.00 Acres

    10-Acre Vacant Land Parcel

    10-acre vacant land parcel ready for development in Memphis, MI.

    00 Cowhy Rd Parcel "B", Memphis, MI 48041
    View details
    Land in Perry, Michigan
    $42,900

    Land in Perry, Michigan

    Residential land for sale in a family-friendly community.

    603 Country Dr, Perry, MI 48872
    View details
    Residential Land in Perry, MI
    $42,900
    1.00 Acre

    Residential Land in Perry, MI

    One-acre residential land in a family-friendly community.

    712 Starlight Way, Perry, MI 48872
    View details
    Residential Land in Quiet Area
    $35,900
    0.54 Acres

    Residential Land in Quiet Area

    Land for building a home in a quiet, wildlife area.

    54 Bennington Greens Dr, Owosso, MI 48867
    View details
    9.9 Acre Residential Land Parcel
    $199,900
    9.90 Acres

    9.9 Acre Residential Land Parcel

    Vacant land with development potential near Peck, Michigan.

    5834 Brockway Rd, Peck, MI 48466
    View details
    Williamston Duplex: Investment Opportunity
    $174,900
    0.30 Acres

    Williamston Duplex: Investment Opportunity

    Fully occupied duplex in Williamston with strong rental history.

    327 E Middle St, Williamston, MI 48895
    View details
    Land with Foundation and Barn
    $195,000
    10.00 Acres

    Land with Foundation and Barn

    10 acre vacant land with foundation, well, septic, and barn.

    4179 Kilgore Rd, Avoca, MI 48006
    View details
    East Lansing Acreage Build Site
    $235,000
    1.00 Acre

    East Lansing Acreage Build Site

    One-acre custom build site in Whitehills Woods, East Lansing.

    6445 Pne Holw Ln, East Lansing, MI 48823
    View details
    Land in Country Subdivision
    $42,900

    Land in Country Subdivision

    Land for new home construction in a family-friendly community.

    807 Little Creek Path, Perry, MI 48872
    View details
    Land in Perry, Michigan
    Contact for pricing
    1.00 Acre

    Land in Perry, Michigan

    One-acre residential land for sale, located near Eastside Pond.

    M-52, Perry, MI 48872
    View details
    Wooded Building Lot in DeWitt
    $125,000
    2.04 Acres

    Wooded Building Lot in DeWitt

    Large 2.04 acre wooded lot in DeWitt School district.

    Driftwood Dr, Dewitt, MI 48820
    View details
    Wooded 2.44 Acre Building Lot
    $125,000
    2.44 Acres

    Wooded 2.44 Acre Building Lot

    Large wooded lot in DeWitt School district, close to I-69.

    Driftwood Dr, Dewitt, MI 48820
    View details
    Land For Sale in Perry
    Contact for pricing
    0.25 Acres

    Land For Sale in Perry

    Land available in Perry, MI, suitable for building a home.

    W Riverview Dr, Perry, MI 48872
    View details
    Residential Land in Laingsburg, MI
    Contact for pricing
    1.00 Acre

    Residential Land in Laingsburg, MI

    Land available for building a dream home near downtown.

    1 Shiawassee St, Laingsburg, MI 48848
    View details
    Downtown Lansing Commercial Building
    $199,900
    2,070 SF

    Downtown Lansing Commercial Building

    Well-maintained commercial building in revitalizing downtown Lansing.

    500 Erie St, Lansing, MI 48912
    View details
    Residential Land on St. Clair
    $99,900
    0.09 Acres

    Residential Land on St. Clair

    Vacant residential land in a great location on St. Clair River.

    Military Vl, Port Huron, MI 48060
    View details
    Clyde, MI Vacant Land
    $139,900
    10.00 Acres

    Clyde, MI Vacant Land

    10 acre parcel with older pole barn near Lake Huron.

    5637 Metcalf Vl, Clyde, MI 48049
    View details
    Residential Lot in Williamston
    $34,000

    Residential Lot in Williamston

    Residential lot in a quiet area, suitable for building.

    Beechwood Dr, Williamston, MI 48895
    View details
    80 Acre Vacant Land Parcel
    $479,900
    80.00 Acres

    80 Acre Vacant Land Parcel

    80 acre vacant land with electric, fertile soil, wooded area.

    1182 Fetting Vl, Sandusky, MI 48471
    View details
    Lenox Vacant Land with Trees
    $60,000
    2.20 Acres

    Lenox Vacant Land with Trees

    Wooded 2.2 acre residential land for sale in Lenox.

    00 Place Rd, Lenox, MI 48050
    View details
    Laingsburg Mixed-Use Investment Property
    $165,000
    1,800 SF

    Laingsburg Mixed-Use Investment Property

    Fully leased mixed-use property in downtown Laingsburg with long-term tenants.

    252 E Grand River Rd, Laingsburg, MI 48848
    View details
    Two Homes on One Lot
    $280,000
    1,560 SF

    Two Homes on One Lot

    Two homes on one lot, investment or flexible living.

    215 Winifred Ave, Lansing, MI 48917
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    Residential Land in East Lansing
    $48,000
    0.22 Acres

    Residential Land in East Lansing

    Land available in East Lansing, Michigan.

    Lake Lansing Rd, East Lansing, MI 48906
    View details
    Holt Commercial Property on Cedar
    $390,000
    1,460 SF

    Holt Commercial Property on Cedar

    Commercial building with frontage on Cedar Street, Holt, Michigan.

    1916 Cedar St, Holt, MI 48842
    View details
    Two-Story Lansing Commercial Property
    $1,400,000
    31,900 SF

    Two-Story Lansing Commercial Property

    31,900 SF two-story building in the heart of Lansing.

    525 N Pennsylvania Ave, Lansing, MI 48912
    View details
    Land in Private Owosso Area
    $37,000

    Land in Private Owosso Area

    Residential land with mature trees, close to expressway I-69.

    24 Bennington Greens Dr, Owosso, MI 48867
    View details
    Residential Land in Owosso, MI
    $37,000

    Residential Land in Owosso, MI

    Land with mature trees, wildlife, and easy expressway access.

    20 Bennington Greens Dr, Owosso, MI 48867
    View details
    Residential Land in Laingsburg, MI
    Contact for pricing
    1.00 Acre

    Residential Land in Laingsburg, MI

    Land for sale near downtown Laingsburg, close to amenities.

    4 Shiawassee St, Laingsburg, MI 48848
    View details
    Buildable Land in Lansing, MI
    $85,000
    2.82 Acres

    Buildable Land in Lansing, MI

    2.82 acres ready for building in Grand Ledge district.

    16831 Steiner Way, Lansing, MI 48906
    View details
    Remodeled Firehouse with Living Units
    $339,900
    4,631 SF

    Remodeled Firehouse with Living Units

    Historic firehouse converted to office and residential units.

    230 Bingham St, Lansing, MI 48912
    View details
    Land Near Belle River Golf
    $65,900
    3.09 Acres

    Land Near Belle River Golf

    Vacant land near golf course, ready to build on.

    00 Belle River Rd, Riley, MI 48041
    View details
    Residential Land Near Sutherland Park
    $50,000
    4.33 Acres

    Residential Land Near Sutherland Park

    4.33-acre wooded lot near Sutherland Park in Smiths Creek, MI.

    00 Howard Rd, Smiths Creek, MI 48074
    View details
    Waterfront Land on Clinton River
    $540,000
    2.30 Acres

    Waterfront Land on Clinton River

    Two lots with 700+ ft frontage, prime development opportunity.

    00 River Rd N, Harrison Twp, MI 48045
    View details
    Laingsburg Building Site on Woodbury
    $74,900
    2.70 Acres

    Laingsburg Building Site on Woodbury

    Three acre building site near Scenic Lake Estates.

    Woodbury Rd, Laingsburg, MI 48848
    View details
    Avoca Vacant Land For Sale
    $65,000
    6.09 Acres

    Avoca Vacant Land For Sale

    6.09 acre residential land in Avoca, Michigan.

    00 Bean Vl, Avoca, MI 48006
    View details
    East Lansing Commercial Ranch Property
    $714,900
    11,715 SF

    East Lansing Commercial Ranch Property

    Versatile East Lansing property suitable for various commercial or community uses.

    1635 Coolidge Rd, East Lansing, MI 48823
    View details
    10 Acres with Pole Barn
    $134,900
    10.00 Acres

    10 Acres with Pole Barn

    10 wooded acres with barn in Yale School District.

    7627 Emmett Rd, Yale, MI 48097
    View details
    DeWitt Land with Pond Frontage
    $149,900
    9.07 Acres

    DeWitt Land with Pond Frontage

    9.07 acre building site with pond frontage in DeWitt.

    E Round Lake Rd, Dewitt, MI 48820
    View details
    Residential Land in Perry, MI
    Contact for pricing
    0.55 Acres

    Residential Land in Perry, MI

    Wooded lot in a quiet, private area suitable for building.

    95 Spruce Ln, Perry, MI 48872
    View details
    64.5 Acres Vacant Land
    $339,000
    64.50 Acres

    64.5 Acres Vacant Land

    Large parcel with farmland, hardwoods, and income potential.

    Fargo Vl, Avoca, MI 48006
    View details
    Residential Land Near Golf Course
    $65,900
    3.20 Acres

    Residential Land Near Golf Course

    3.2-acre residential lot across from Belle River Golf Course.

    00 Belle River Rd, Riley, MI 48041
    View details
    Cleared Land Ready For Building
    $39,000
    3.00 Acres

    Cleared Land Ready For Building

    Cleared 3-acre parcel near I-69, suitable for building.

    00 Eagling Vl, Memphis, MI 48041
    View details
    Land in Perry, Michigan
    $39,875

    Land in Perry, Michigan

    Residential land for sale in a private, wildlife-rich area.

    4 Blue Water Way, Perry, MI 48872
    View details
    Stanwood Land with Existing House
    $699,999
    30.10 Acres

    Stanwood Land with Existing House

    30-acre agricultural land with house, multiple potential uses.

    8214 Old State Rd, Stanwood, MI 49346
    View details
    Land Parcel Near Expressway
    $49,900
    3.78 Acres

    Land Parcel Near Expressway

    3.78 acre wooded lot with easy expressway access.

    Range Vl, Smiths Creek, MI 48074
    View details
    Secluded Land in Owosso, MI
    $35,900
    0.53 Acres

    Secluded Land in Owosso, MI

    Residential land for sale in a secluded area.

    38 Bennington Greens Dr, Owosso, MI 48867
    View details
    Residential Land in Owosso, MI
    $35,900
    0.51 Acres

    Residential Land in Owosso, MI

    Residential land for sale in Owosso, close to amenities.

    39 Bennington Greens Dr, Owosso, MI 48867
    View details
    Melvin Multi-Family Investment Opportunity
    $244,900
    1,885 SF

    Melvin Multi-Family Investment Opportunity

    Unique multi-family property with commercial tenant and residential income.

    1296 Main St, Melvin, MI 48454
    View details
    Residential Land in Laingsburg, MI
    Contact for pricing
    1.00 Acre

    Residential Land in Laingsburg, MI

    Land for sale near downtown Laingsburg, close to amenities.

    3 Shiawassee St, Laingsburg, MI 48848
    View details
    Vacant Land in Memphis, MI
    $114,900
    1.01 Acres

    Vacant Land in Memphis, MI

    Two cleared parcels totaling over an acre in a great location.

    Main St, Memphis, MI 48041
    View details
    East Lansing Buildable Lot
    $340,000
    0.78 Acres

    East Lansing Buildable Lot

    Premium lot in Whitehills Woods neighborhood, East Lansing.

    6285 Heathfield Dr, East Lansing, MI 48823
    View details
    Lansing Land For Sale
    $65,000
    0.41 Acres

    Lansing Land For Sale

    High visibility Lansing lot zoned light industrial with many possibilities.

    615 E Kalamazoo St, Lansing, MI 48912
    View details
    17-Acre Walnut Tree Farm
    $159,900
    17.00 Acres

    17-Acre Walnut Tree Farm

    Walnut tree farm, investment property, or buildable lot in DeWitt.

    W Solon Rd, Dewitt, MI 48820
    View details
    Okemos Land with Nature Preserve
    $150,000
    1.22 Acres

    Okemos Land with Nature Preserve

    1.22-acre building site near walking paths and nature views.

    101 Daggertail Ln, Okemos, MI 48864
    View details
    Vacant Land - Yale, MI
    $145,000
    3.30 Acres

    Vacant Land - Yale, MI

    Commercial land • 3.30 Acres

    00 Brockway Vl, Yale, MI 48097
    View details
    Commercial Land Ready For Development
    $145,000
    3.30 Acres

    Commercial Land Ready For Development

    Cleared commercial land with development potential near Yale, Michigan.

    Brockway Vl, Yale, MI 48097
    View details
    LAND - Owosso, MI
    $35,900
    0.58 Acres

    LAND - Owosso, MI

    Residential land & home lots • 0.58 Acres

    35 Bennington Greens Dr, Owosso, MI 48867
    View details
    Scenic Wooded Land in Laingsburg
    $149,900
    9.15 Acres

    Scenic Wooded Land in Laingsburg

    9+ acres of wooded land near I-69 in Laingsburg.

    Colby Lake Rd, Laingsburg, MI 48848
    View details
    Laingsburg Mixed-Use Investment Property
    $165,000
    0.07 Acres

    Laingsburg Mixed-Use Investment Property

    Downtown Laingsburg: Fully Leased, Turnkey

    260 Grand River Rd, Laingsburg, MI 48848
    View details
    Capac Industrial Lot - High Traffic
    $45,000
    1.02 Acres

    Capac Industrial Lot - High Traffic

    1.02-Acre Industrial Lot, High Visibility

    Downey Rd, Capac, MI 48014
    View details
    Laingsburg Multi-Family Investment
    $165,000
    0.07 Acres

    Laingsburg Multi-Family Investment

    Downtown Laingsburg, Fully Leased, Turnkey

    256 Grand River Rd, Laingsburg, MI 48848
    View details
    Large Parcel with Farmland
    $339,000

    Large Parcel with Farmland

    Land with tillable farmland, mature hardwoods, and income potential.

    Fargo Vl Rd, Avoca, MI 48006
    View details
    Mixed-Use Property in Downtown Laingsburg
    $165,000
    2,400 SF

    Mixed-Use Property in Downtown Laingsburg

    Fully leased mixed-use property with long-term tenants in downtown Laingsburg.

    252 E Grand River Rd, Laingsburg, MI 48848
    View details

    For Lease (1)

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    Okemos Residential Income Property Rental
    $2,700 / Mo

    Okemos Residential Income Property Rental

    Residential income property available for rent in Okemos, Michigan.

    4747 Okemos Rd, Okemos, MI 48864
    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
    Coldwell Banker Professionals
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