Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10000 M50 Onsted, MI 49265

    View on Map
    Claim this Listing
    For Sale
    $72,000

    Vacant Land - Onsted, MI

    Lot size:
    4.77 Acres
    Added:
    Sep 27, 2025
    Days on Market:
    215
    Last Refresh:
    Apr 29 at 11:06 pm

    Property Features for 10000 M50

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    CA0-108-4925-00
    Lot size
    4.77 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    35000

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeannette Pfeffer

    Listing agent Jeannette Pfeffer License #6501321945

    Listing office Foundation Realty, LLC 3282 N Adrian Hwy, Adrian, MI

    Listing date Sep 27, 2025

    MLS# 50189891 Listing URL

    Copyright © 2026 Lenawee County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Onsted Canal Front Vacant Land

    This 4.77-acre vacant land is located at the corner of M50 and Middle Lake roads in the Onsted school district. The property is canal front, with the canal leading to Middle Lake and Washington Lake. The zoning is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Furniture & Home Goods Grocery & Convenience Store Wine and Liquor Store Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Onsted
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.199221
    Latitude
    42.041222

    Nearby Similar for Sale

    • $299,000
      965 SF

      Profitable Attraction in Irish Hills

      Profitable, renovated attraction near Hayes State Park in Southern Michigan.
      7611 US Highway 12, Onsted, MI 49265
      View Details
    • $299,000
      965 SF

      Onsted Commercial Property For Sale

      Commercial property in Onsted, Michigan, suitable for various business ventures.
      7611 US Highway 12, Onsted, MI 49265
      View Details
    • $400,000

      40 Acres Vacant Land Onsted

      Two parcels totaling 40 acres in Onsted, Michigan.
      10000 Stephenson Rd Blk, Onsted, MI 49265
      View Details
    • $225,000

      Land For Sale, Onsted, MI

      Vacant land available in Onsted, Michigan.
      Castlebar Lane, Onsted, MI 49265
      View Details
    • $805,000

      Multi-Family Investment Opportunity

      Seven-unit property with potential for expansion in Onsted, Michigan.
      409 Connor Street, Onsted, MI 49265
      View Details
    • $14,999

      Residential Lot in Loch Erin

      Vacant land in Loch Erin subdivision, Onsted, Michigan.
      7950 Obrien Court, Onsted, MI 49265
      View Details
    • $21,500

      Lake Access Lot with View

      Large lot with lake access, mature trees, and community amenities.
      9160 Kingsley Drive, Onsted, MI 49265
      View Details
    • $21,500

      Residential Lot in Onsted, MI

      Residential land available in Onsted, Michigan.
      9160 Kingsley Drive, Onsted, MI 49265
      View Details
    • $169,000

      Residential Lot in Onsted, MI

      Residential lot available in Onsted, Michigan.
      LOT 40 Odowling Drive, Onsted, MI 49265
      View Details
    • $14,999

      Onsted, MI Land Lot

      Residential land lot available in Onsted, Michigan.
      7950 Obrien Court, Onsted, MI 49265
      View Details
    • $315,000

      35 Acres Vacant Land, Onsted

      35 acres of rolling land perfect for hunting or building.
      10000 Blk Sheeler, Onsted, MI 49265
      View Details
    • $169,000

      Waterfront Lot on Loch Erin

      Prime waterfront lot on all-sports Loch Erin.
      Odowling Drive lot: 40, Onsted, MI 49265
      View Details

    FAQs

    What type of property is this?
    Land - 4.77 acre canal front property in Onsted school district.
    Where is this land located?
    The property is located at 10000 M50 Onsted, MI.
    What is the asking price?
    The asking price for this property is $72,000.
    What are key features of this property?
    This property features: 4.77 Acre Canal Front Property, a rare find!; Canal Access to Middle Lake and Washington Lake for endless water activities.; Located on Corner of M50 and Middle Lake Roads.
    (517) 673-0722
    We can help!
    Listing Contact
    Jeannette Pfeffer
    Real Estate License ID: 6501321945
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!