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

    10201 Mason Dr Grant, MI 49327

    View on Map
    Sponsored
    For Sale
    $139,900

    land - GRANT, MI

    Lot size:
    6.59 Acres
    Days on Market:
    44
    Last Refresh:
    Mar 7 at 1:06 pm

    Property Features for 10201 Mason Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    6.59 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Lightfoot
    Lisa Lightfoot

    Coldwell Banker Schmidt Family Of Companies

    Listing agent Lisa Lightfoot (231) 924-5880

    Listing date Jan 23, 2026

    MLS# 25047347 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Land with Income Potential

    This 6.59-acre property, located between Grant and Newaygo, features a mix of rolling and flat terrain with partially wooded areas. Situated on a main highway, the property offers visibility and accessibility suitable for commercial and residential development. The property includes leased billboards that generate income. This versatile property is located in GRANT, MI 49327, Newaygo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Storage Facility Electrical Service Daycare Center Travel Agency Catering Service Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grant
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.8015526
    Latitude
    43.3692496

    Nearby Similar for Sale

    • $159,900
      878 SF

      Grant Office Building For Sale

      Office building in Grant, Michigan, suitable for various commercial uses.
      50 E Main St, Grant, MI 49327
      View Details
    • $210,000
      4,000 SF

      Downtown Grant Commercial Property

      Commercial property in downtown Grant with quality finished space.
      71 S Front St, Grant, MI 49327
      View Details
    • $140,000
      1,405 SF

      Commercial Building with High Visibility

      Commercial building suitable for starting or growing a business.
      67 S Maple St, Grant, MI 49327
      View Details
    • $300,000
      2,142 SF

      Retail Space in Grant, MI

      Retail space suitable for restaurant or other retail businesses.
      17 W Main St, Grant, MI 49327
      View Details
    • $349,000
      2,100 SF

      Remodeled Retail Space on Front Street

      Move-in ready retail space with excellent visibility and in-town convenience.
      75 S Front St, Grant, MI 49327
      View Details
    • $309,000
      Pending

      Duplex in Walkable Grant Neighborhood

      Duplex with two units, close to downtown amenities.
      151 Clark St, Grant, MI 49327
      View Details
    • $309,000
      Pending

      Duplex in Grant, Michigan

      Duplex with two units, great for rental income.
      151 Clark St, Grant, MI 49327
      View Details
    • $350,000
      3,984 SF

      Retail Building with Apartment

      Well-maintained retail building with a two-bedroom apartment.
      21 W Main St, Grant, MI 49327
      View Details
    • $350,000

      Retail Building with Apartment

      Well-maintained retail building with a second-floor apartment.
      21 W Main St, Grant, MI 49327
      View Details
    • $300,000

      Retail Space with Restaurant Potential

      Retail space suitable for restaurant use with existing infrastructure.
      17 W Main St, Grant, MI 49327
      View Details
    • $349,000

      Remodeled Retail Space For Sale

      Move-in-ready retail space remodeled in 2022 with excellent visibility.
      75 S Front St, Grant, MI 49327
      View Details
    • $140,000

      Commercial Property with High Visibility

      Commercial property with high visibility, ideal for starting or growing business.
      67 S Maple St, Grant, MI 49327
      View Details

    FAQs

    What type of property is this?
    Land - 6.59-acre property with highway visibility, suitable for commercial or residential.
    Where is this land located?
    The property is located at 10201 Mason Dr Grant, MI.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - 6. 59-acre property in a prime location between Grant and Newaygo.; - Excellent visibility and accessibility due to its location on a main highway.; - Versatile property suitable for commercial or residential use.
    (231) 250-1161
    Request Owner's contact information
    10201 Mason Dr Grant, MI 49327
    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.
    10201 Mason Dr
    Grant, MI 49327
    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
    10201 Mason Dr Grant, MI 49327
    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

    We can help!
    Listing Contact
    Lisa Lightfoot
    Lisa Lightfoot
    Real Estate License ID: 6506043508
    (231) 250-1161 (231) 924-5880 (616) 887-7307
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!