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    Keller Williams Northern Michigan

    830 E. Front Street, Suite 110, Traverse City, MI
    (231) 947-8200
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (69)

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    Traverse City Office Condominium
    $985,000
    4,995 SF

    Traverse City Office Condominium

    Single-story office condominium in Traverse City, Michigan.

    920 S Garfield Ave, Traverse City, MI 49686
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    Land in Clare County
    Contact for pricing
    0.61 Acres

    Land in Clare County

    Vacant land offering potential for secluded retreat or future homesite.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Traverse City Vacant Multi-Family Lot
    $740,000
    5.25 Acres

    Traverse City Vacant Multi-Family Lot

    5.25 acre lot rezoned for multi-family development.

    2624 Hartman Rd, Traverse City, MI 49685
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    Traverse City Land Opportunity
    $740,000
    5.25 Acres

    Traverse City Land Opportunity

    Land with R-3 zoning near Traverse City.

    2624 Hartman Rd, Traverse City, MI 49685
    View details
    Operational Vineyard with Tasting Room
    $1,695,000
    2,880 SF

    Operational Vineyard with Tasting Room

    Turnkey vineyard with tasting room and expansion potential.

    56 S French Rd, Lake Leelanau, MI 49653
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    Land in Blue Water Ridge
    $42,000
    1.46 Acres

    Land in Blue Water Ridge

    1.46 acre lot near Suttons Bay amenities.

    1949 N Blue Water Ct, Suttons Bay, MI 49682
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    Land in Clare County
    Contact for pricing
    0.30 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Wintergreen, Farwell, MI 48622
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    Land in Clare County
    Contact for pricing
    0.32 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Farwell, MI.

    Tbd Primrose Ln, Farwell, MI 48622
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    Land in Clare County
    Contact for pricing
    0.46 Acres

    Land in Clare County

    Residential land offering potential for secluded retreat or future homesite.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.47 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Victorian Home in Onekama
    $749,000
    0.89 Acres

    Victorian Home in Onekama

    Charming, updated Victorian near Portage Lake, ideal for B&B.

    8195 5Th St, Onekama, MI 49675
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    Elevated Wooded Lot Near Golf
    Contact for pricing
    0.84 Acres

    Elevated Wooded Lot Near Golf

    Wooded 0.84 acre lot near golf and ski resorts.

    Parcel B Broken Arrow, Bellaire, MI 49615
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    Land in Clare County, MI
    Contact for pricing
    0.49 Acres

    Land in Clare County, MI

    Vacant land offering potential for residential or recreational use.

    Tbd Stone Pne, Farwell, MI 48622
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    Land in Clare County
    Contact for pricing
    0.68 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    Land in Clare County, MI
    Contact for pricing
    0.52 Acres

    Land in Clare County, MI

    Residential land offers potential for secluded retreat or future homesite.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    Thompsonville Vacant Land Opportunity
    $124,900
    15.00 Acres

    Thompsonville Vacant Land Opportunity

    15-acre wooded parcel near Crystal Mountain and Betsie Valley Trailway.

    00 Landis Rd, Thompsonville, MI 49683
    View details
    25 Acres Near Casino Resort
    $175,000
    25.00 Acres

    25 Acres Near Casino Resort

    25-acre wooded lot near Soaring Eagle Casino & Resort.

    7258 E Pickard Rd, Mt Pleasant, MI 48858
    View details
    Residential Land Near CMU Campus
    Contact for pricing
    0.18 Acres

    Residential Land Near CMU Campus

    Vacant lot near downtown Mt. Pleasant and CMU campus.

    320 W Locust St, Mt Pleasant, MI 48858
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    Wooded Land Near Six Mile Lake
    $67,500
    1.50 Acres

    Wooded Land Near Six Mile Lake

    1.5-acre wooded parcel near Six Mile Lake access.

    27 Muskie Way, Ellsworth, MI 49729
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    Premier Land Development Opportunity
    $1,950,000
    42.47 Acres

    Premier Land Development Opportunity

    42.47 acres with East Bay views and Yuba Creek frontage.

    3091 Scenic Hills Dr, Williamsburg, MI 49690
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    Wooded Lot Overlooking Golf Course
    Contact for pricing
    0.42 Acres

    Wooded Lot Overlooking Golf Course

    Wooded building site on Hawks Eye Golf Course.

    226 Hawks Eye Dr, Bellaire, MI 49615
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    Land in Clare County
    Contact for pricing
    0.47 Acres

    Land in Clare County

    Vacant land offering potential for secluded retreat or future homesite.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.46 Acres

    Land in Clare County

    Land parcel in Michigan with potential for various uses.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.50 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.48 Acres

    Land in Clare County

    Vacant land offering potential for various uses in Farwell, MI.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    Traverse City Office Condominium
    $285,000
    1,386 SF

    Traverse City Office Condominium

    Single-story office condo in Traverse City with private entrance.

    920 S Garfield Ave, Traverse City, MI 49686
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    10 Acres in Acme Township
    $140,000
    10.00 Acres

    10 Acres in Acme Township

    Secluded 10-acre wooded property near Traverse City.

    00 Bunker Hill Rd, Williamsburg, MI 49690
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    Land in Clare County
    Contact for pricing
    0.31 Acres

    Land in Clare County

    Vacant land offering potential for secluded retreat or homesite.

    Tbd Wintergreen, Farwell, MI 48622
    View details
    Victorian Bed & Breakfast Near Lake
    $749,000
    2,056 SF

    Victorian Bed & Breakfast Near Lake

    Charming Victorian home with modern updates, near Portage Lake.

    8195 5Th St, Onekama, MI 49675
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    Riverfront Land Ready for Building
    $35,000
    0.44 Acres

    Riverfront Land Ready for Building

    0.44-acre lot with ~136 feet of river frontage.

    1035 Bonanza Ln, Weidman, MI 48893
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    Land Parcel in Clare County
    Contact for pricing
    0.45 Acres

    Land Parcel in Clare County

    Vacant land offering potential for a secluded retreat or homesite.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    10.5 Acres in Benway Landing
    $118,000
    10.50 Acres

    10.5 Acres in Benway Landing

    10.5-acre parcel in Benway Landing, between Ellsworth and Central Lake.

    Tbd Veldkamp Ln, Central Lake, MI 49622
    View details
    Farmland Near Freeland Business District
    $299,000
    15.28 Acres

    Farmland Near Freeland Business District

    15.28 acres of farmland with utilities near sports complex.

    Tbd Garfield Rd, Saginaw, MI 48603
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    Golf Course View Wooded Lot
    Contact for pricing
    0.44 Acres

    Golf Course View Wooded Lot

    Wooded lot with golf course views and beach club access.

    19 Forest Trl, Bellaire, MI 49615
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    Wooded Lot Near Lakes
    Contact for pricing
    0.63 Acres

    Wooded Lot Near Lakes

    Wooded corner lot near amenities and lakes.

    351 Dellwood Cir, Elmira, MI 49730
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    Leelanau Peninsula Winery and Vineyard
    $5,000,000
    25,612 SF

    Leelanau Peninsula Winery and Vineyard

    Turn-key winery with award-winning wines on 171.57 acres.

    9580 E Shady Ln, Suttons Bay, MI 49682
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    Land in Clare County
    Contact for pricing
    0.30 Acres

    Land in Clare County

    Vacant land offering potential for various uses in Farwell, MI.

    Tbd Primrose Ln, Farwell, MI 48622
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    Land in Clare County
    Contact for pricing
    0.48 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Farwell, MI.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.60 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Farwell, MI.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Land in Clare County
    Contact for pricing
    0.82 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Residential Land Near Long Lake
    $99,000
    1.16 Acres

    Residential Land Near Long Lake

    Vacant 1.16-acre lot with shared lake access and amenities.

    0000 Deer Ridge Trl, Beulah, MI 49617
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    Land in Clare County, MI
    Contact for pricing
    0.60 Acres

    Land in Clare County, MI

    Vacant land offering potential for various uses in Farwell, MI.

    Tbd Stone Pne, Farwell, MI 48622
    View details
    Land in Clare County, MI
    Contact for pricing
    0.41 Acres

    Land in Clare County, MI

    Vacant land offering potential for a secluded retreat or homesite.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Residential Land in Clare County
    Contact for pricing
    0.51 Acres

    Residential Land in Clare County

    Land parcel in Michigan offers various possibilities.

    Tbd Juniper Dr, Farwell, MI 48622
    View details
    Residential Lot in Kirkridge Hills
    $70,000
    0.48 Acres

    Residential Lot in Kirkridge Hills

    Vacant lot with utilities in desirable Acme Township.

    31 Scenic Hills Dr, Williamsburg, MI 49690
    View details
    Residential Lot in Kirkridge Hills
    $72,000
    0.40 Acres

    Residential Lot in Kirkridge Hills

    Vacant lot with utilities in desirable Acme township location.

    35 Scenic Hills Dr, Williamsburg, MI 49690
    View details
    Wooded Lot Near Lake Thirteen
    Contact for pricing
    0.23 Acres

    Wooded Lot Near Lake Thirteen

    0.23-acre wooded parcel in Surrey Township, near Lake Thirteen.

    8698 Old State Ave, Farwell, MI 48622
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    Residential Lot in Kirkridge Hills
    $70,000
    0.40 Acres

    Residential Lot in Kirkridge Hills

    Vacant lot with utilities near Vasa trails and Lake Michigan.

    38 Kirkridge Dr, Williamsburg, MI 49690
    View details
    Residential Land Near Torch Lake
    $85,000
    1.39 Acres

    Residential Land Near Torch Lake

    Vacant land parcel near Torch Lake and A-Ga-Ming golf course.

    1 Fairway Ct, Kewadin, MI 49648
    View details
    Shanty Creek Vacant Building Lot
    Contact for pricing
    0.02 Acres

    Shanty Creek Vacant Building Lot

    Vacant lot near Shanty Creek Resort, suitable for storage building.

    3 Shanty Creek Rd, Bellaire, MI 49615
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    Manistee Lake Vacant Buildable Lots
    $35,000
    0.60 Acres

    Manistee Lake Vacant Buildable Lots

    Vacant lots near Manistee Lake, ideal for recreation.

    00 NE Chwastek Rd, Kalkaska, MI 49646
    View details
    Suttons Bay Vacant Land Opportunity
    $4,800,000
    44.86 Acres

    Suttons Bay Vacant Land Opportunity

    44+ acre lot with frontage on Suttons Bay.

    00 Lovers Lane Ct, Suttons Bay, MI 49682
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    Bellaire Golf Course Lot
    Contact for pricing
    0.50 Acres

    Bellaire Golf Course Lot

    Residential lot on Hawk’s Eye Golf Course.

    41 Talon Trce, Bellaire, MI 49615
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    Residential Land in Kirkridge Hills
    $70,000
    0.42 Acres

    Residential Land in Kirkridge Hills

    Vacant lot with utilities in desirable Williamsburg location.

    36 Kirkridge Dr, Williamsburg, MI 49690
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    Chippewa Riverfront Land Parcel
    $68,000
    1.78 Acres

    Chippewa Riverfront Land Parcel

    1.78-acre parcel with 600 feet of Chippewa River frontage.

    1033 Bonanza Ln, Weidman, MI 48893
    View details
    Vacant Land in Suttons Bay
    $750,000
    14.98 Acres

    Vacant Land in Suttons Bay

    Untouched 14.98-acre parcel with water access in Suttons Bay, MI.

    0000 E Lovers Ln, Suttons Bay, MI 49682
    View details
    Traverse City Office Condominium
    $675,000
    3,294 SF

    Traverse City Office Condominium

    Single-story office condominium in a wooded Traverse City office park.

    920 S Garfield Ave, Traverse City, MI 49686
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    Turnkey Convenience Store Opportunity
    $524,900
    3,816 SF

    Turnkey Convenience Store Opportunity

    Established convenience store with real estate and thriving food operation.

    4012 N Clare Ave, Harrison, MI 48625
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    Land in Clare County
    Contact for pricing
    0.43 Acres

    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    Tbd Primrose Ln, Farwell, MI 48622
    View details
    Restaurant/Retail Space in Bellaire, MI
    $265,000
    1,400 SF

    Restaurant/Retail Space in Bellaire, MI

    Prime commercial space in Bellaire, suitable for various businesses.

    103 S Division St, Bellaire, MI 49615
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    Residential Lot in Kirkridge Hills
    $72,000
    0.40 Acres

    Residential Lot in Kirkridge Hills

    Vacant lot for new home construction near Vasa trails.

    34 Scenic Hills Dr, Williamsburg, MI 49690
    View details
    Commercial Land in Traverse City
    $50,000
    2.70 Acres

    Commercial Land in Traverse City

    2.7-acre commercial land parcel with development potential.

    00 Cass Rd, Traverse City, MI 49684
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    Vacant Land in Traverse City
    $50,000
    2.70 Acres

    Vacant Land in Traverse City

    2.7-acre vacant land parcel on a busy commercial street.

    00 Cass Rd, Traverse City, MI 49684
    View details
    Vacant Land in Cedar River Village
    Contact for pricing
    1.55 Acres

    Vacant Land in Cedar River Village

    Double lot building site near Shanty Creek Resort.

    150 Olympia Fields, Bellaire, MI 49615
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    Vacant Land in Kirkridge Hills
    $72,000
    0.65 Acres

    Vacant Land in Kirkridge Hills

    Residential land for sale in Williamsburg, close to Vasa trails.

    33 Scenic Hills Dr, Williamsburg, MI 49690
    View details
    Frederic Township 776-Acre Recreational Forest
    $1,395,000
    776.00 Acres

    Frederic Township 776-Acre Recreational Forest

    Large acreage recreational land with development and investment potential.

    00 Mount Frederic Rd, Frederic, MI 49733
    View details
    Vacant Land in Blue Water Ridge
    $60,000
    1.51 Acres

    Vacant Land in Blue Water Ridge

    Residential land to build your dream home in Northern Michigan.

    1909 N Blue Water Ct, Suttons Bay, MI 49682
    View details
    Golf Course Lot in Bellaire
    Contact for pricing
    0.40 Acres

    Golf Course Lot in Bellaire

    Vacant land overlooking golf course, near Shanty Creek Resort amenities.

    37 Golf Meadow Dr, Bellaire, MI 49615
    View details
    Bellaire Industrial Space For Sale
    $249,900
    1,400 SF

    Bellaire Industrial Space For Sale

    High-traffic location, remodeled industrial building.

    103 Division St, Bellaire, MI 49615
    View details

    For Lease (1)

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    Former Dialysis Clinic For Sublease
    Contact for pricing

    Former Dialysis Clinic For Sublease

    Sublease opportunity: highly visible medical space near Terre Haute, Indiana.

    1705 East Industrial Dr, Terre Haute, IN 47802
    View details

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    Keller Williams Northern Michigan
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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
    Keller Williams Northern Michigan
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