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    For Sale (36)

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    Wooded Lot Near Lake Michigan
    $225,000
    0.94 Acres

    Wooded Lot Near Lake Michigan

    Nearly one-acre wooded lot with deeded lake access.

    Twin Oaks Rd, Bridgman, MI 49106
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    Buildable Lot Near Lake Michigan
    Contact for pricing
    0.50 Acres

    Buildable Lot Near Lake Michigan

    Half-acre lot near Lake Michigan with easy highway access.

    2916 Pershing Dr, Coloma, MI 49038
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    South Haven Commercial Opportunity
    $245,000
    1,341 SF

    South Haven Commercial Opportunity

    Commercial property near downtown and Lake Michigan with high visibility.

    555 Broadway St, South Haven, MI 49090
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    Buildable Land with Panoramic Views
    $139,900
    5.00 Acres

    Buildable Land with Panoramic Views

    5-acre buildable parcel with views in Berrien Springs, MI.

    3 S Scottdale Rd, Berrien Springs, MI 49103
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    South Haven Land Opportunity
    $99,900
    0.40 Acres

    South Haven Land Opportunity

    Picturesque land parcel near Lake Michigan and downtown South Haven.

    Vl Beachview Dr, South Haven, MI 49090
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    South Haven Land Opportunity
    $65,000
    0.41 Acres

    South Haven Land Opportunity

    0.41-acre lot near First Street Beach Access.

    V/L Pershing Ave, South Haven, MI 49090
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    Vacant Lot Near Lake Michigan
    $195,000
    0.07 Acres

    Vacant Lot Near Lake Michigan

    Corner lot near Lake Michigan in South Haven, Michigan.

    901 St, South Haven, MI 49090
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    32+ Acres of Natural Beauty
    $179,900
    32.90 Acres

    32+ Acres of Natural Beauty

    Wooded land perfect for recreation or building a private retreat.

    52391 28Th Ave, Bangor, MI 49013
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    Wooded Acreage in Covert Township
    $79,900
    9.88 Acres

    Wooded Acreage in Covert Township

    9.88-acre wooded parcel perfect for a home or getaway.

    71140 County Road 376, Covert, MI 49043
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    Land Parcel in Covert, MI
    $40,000
    1.99 Acres

    Land Parcel in Covert, MI

    1.99 acre parcel for custom home near South Haven.

    76Th St, Covert, MI 49043
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    South Haven Land Opportunity
    $749,900
    5.09 Acres

    South Haven Land Opportunity

    5.09 acres near Lake Michigan, ready for custom build.

    326 Blue Star Hwy, South Haven, MI 49090
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    Buildable Land with Panoramic Views
    $149,900
    5.00 Acres

    Buildable Land with Panoramic Views

    5-acre buildable parcel with farmland views and sunset vistas.

    4 Scottdale Rd, Berrien Springs, MI 49103
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    Buildable Land with Countryside Views
    $64,900
    2.06 Acres

    Buildable Land with Countryside Views

    Two-acre parcel with income potential and multiple building sites.

    V/L-2 Red Bud Trl, Berrien Springs, MI 49103
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    2-Acre Parcel on Red Bud Trail
    $59,900
    2.00 Acres

    2-Acre Parcel on Red Bud Trail

    2-acre parcel ideal for homesite, hobby farm, or winery.

    V/L-3 Red Bud Trl, Berrien Springs, MI 49103
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    River Noire Yacht Club Slip
    $42,000
    0.01 Acres

    River Noire Yacht Club Slip

    Boat slip at River Noire Yacht Club in South Haven.

    300 Oak St, South Haven, MI 49090
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    Land Parcel Near South Haven
    $75,000
    3.75 Acres

    Land Parcel Near South Haven

    3.75-acre parcel to build your dream home near South Haven.

    35580 76Th St, Covert, MI 49043
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    Scenic 2.72 Acre Building Site
    $149,900
    2.72 Acres

    Scenic 2.72 Acre Building Site

    Exceptional building site with installed septic system and elevated views.

    2 S Scottdale Rd, Berrien Springs, MI 49103
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    Land in South Haven, MI
    $150,000
    0.14 Acres

    Land in South Haven, MI

    Residential land in South Haven's Miami Park near Lake Michigan.

    7255 Miami Ave, South Haven, MI 49090
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    Benton Harbor Acreage Opportunity
    Contact for pricing
    0.79 Acres

    Benton Harbor Acreage Opportunity

    0.79-acre parcel near downtown Benton Harbor, a blank canvas.

    799 Ferguson Dr, Benton Harbor, MI 49022
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    14 Acres Near Lake Michigan
    $595,000
    13.93 Acres

    14 Acres Near Lake Michigan

    Large parcel near Lake Michigan with development potential.

    VL-0 Baldwin Rd, Bridgman, MI 49106
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    Phoenix Square Retail Opportunity
    $189,900
    3,510 SF

    Phoenix Square Retail Opportunity

    Versatile 3,491 SF commercial unit in high-traffic location.

    1210 Phoenix St, South Haven, MI 49090
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    South Haven Lakeside Lot
    $179,900
    0.48 Acres

    South Haven Lakeside Lot

    Oversized lot in gated community with Lake Michigan access.

    Vl Highfield Bch Dr, South Haven, MI 49090
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    Stevensville Land Near Lake Michigan
    $59,000
    0.09 Acres

    Stevensville Land Near Lake Michigan

    Land in planned unit development near Lake Michigan bluff.

    4177 Cottage Path, Stevensville, MI 49127
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    Coloma Land Near Lake Michigan
    $189,000
    1.82 Acres

    Coloma Land Near Lake Michigan

    1.82-acre parcel with deeded access to a private beach.

    4890 M-63, Coloma, MI 49038
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    Land Parcel in Lakeshore Schools
    $74,900
    2.12 Acres

    Land Parcel in Lakeshore Schools

    2.12-acre parcel with building potential and rental income.

    5790 Scottdale Rd, St Joseph, MI 49085
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    Lake Michigan Shoreline Land Parcel
    $99,900
    0.28 Acres

    Lake Michigan Shoreline Land Parcel

    Rare waterfront land parcel near South Haven, Michigan.

    Vl Grand Blvd, South Haven, MI 49090
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    South Haven Wooded Acre Lot
    $60,000
    1.00 Acre

    South Haven Wooded Acre Lot

    Private wooded acre near Kal-Haven Trail and downtown South Haven.

    74 74 1/2 St, South Haven, MI 49090
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    Versatile Land with Income Potential
    $389,900
    29.83 Acres

    Versatile Land with Income Potential

    29.83 acres of scenic land with development opportunities.

    V/L Red Bud Trl, Berrien Springs, MI 49103
    View details
    South Haven Commercial Unit For Sale
    $189,900
    3,491 SF

    South Haven Commercial Unit For Sale

    Versatile 3,491 SF commercial unit in high-traffic location.

    1210 Phoenix St, South Haven, MI 49090
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    Upscale South Haven Storage Unit
    $275,000
    1,750 SF

    Upscale South Haven Storage Unit

    Luxury storage unit with custom kitchen and full bathroom.

    71057 County Road 388, South Haven, MI 49090
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    Prime Commercial Land Opportunity
    $649,900
    2.10 Acres

    Prime Commercial Land Opportunity

    2.4-acre commercial land near downtown South Haven and I-94.

    04950 Cecilia Dr, South Haven, MI 49090
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    Harbor Club Land Opportunity
    $149,900
    0.06 Acres

    Harbor Club Land Opportunity

    Land in Harbor Club with access to amenities and beaches.

    661 Mdw Dr, South Haven, MI 49090
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    Unique Barn on Two City Lots
    $89,900
    5,560 SF

    Unique Barn on Two City Lots

    Two-story barn on over half an acre in Hartford.

    401 W South St, Hartford, MI 49057
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    Versatile Property Near South Haven
    $649,900
    11,520 SF

    Versatile Property Near South Haven

    7.7 acres with two buildings near I-196 and South Haven.

    71355 County Road 388, South Haven, MI 49090
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    Prime Commercial Land Opportunity
    $649,900

    Prime Commercial Land Opportunity

    2.4-acre commercial land near downtown South Haven and I-94.

    04950 Cecilia Dr, South Haven, MI 49090
    View details
    Vacant Land on Baldwin Road
    $595,000

    Vacant Land on Baldwin Road

    Vacant land available on Baldwin Road in Bridgman, Michigan.

    VL-0 Baldwin Rd, Bridgman, MI 49106
    View details

    For Lease (1)

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    Furnished Office Space For Rent
    $47 SF/Yr
    140 SF

    Furnished Office Space For Rent

    Furnished office space near downtown South Haven with utilities included.

    401 Center St, South Haven, MI 49090
    View details

    Leases and Sales on Map

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    Jaqua Realtors, Inc.
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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
    Jaqua Realtors, Inc.
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