Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Riverfront Land Ready for Building Title is generated by Realmo AI

    1035 Bonanza Lane, Weidman, MI 48893

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Vacant Land Improved - Weidman, MI

    Lot size:
    0.44 Acres
    Added:
    Jun 6, 2025
    Days on Market:
    361
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for 1035 Bonanza Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Metes and Bounds
    Exterior features
    None
    Standard status
    Active
    Lot size
    0.44 Acres

    Utilities

    Water front features
    River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeanette Corbin
    Jeanette Corbin

    Listing agent Jeanette Corbin

    Listing office Keller Williams of NM Signature Group 600 S Mission, Traverse City, MI

    Listing date Jun 6, 2025

    MLS# 1934834 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • ~136 feet of river frontage provides scenic privacy and natural terrain.
    • Septic system already installed, saving time and expense.
    • 0.44‑acre lot offers manageable size.
    • Ready for building plans: cabin, tiny home, or investment property.
    • Low annual Village dues ($50).
    • Optional LIPOA membership provides access to parks and lake amenities.

    Overview

    The property at 1035 Bonanza Lane, Weidman, MI 48893, offers a balance of manageable size and scenic privacy. This 0.44-acre lot features approximately 136 feet of river frontage. A septic system is already installed, making the lot suitable for building a cabin, a tiny home retreat, or for long-term investment. Annual Village dues are $50 per lot. Optional LIPOA membership is available for $270 per year, providing access to area parks and lake amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Weidman
    County
    Isabella
    State
    Michigan
    Longitude
    -84.981873
    Latitude
    43.646632

    Nearby Similar for Sale

    • $246,000
      3,465 SF

      Versatile Commercial Property with Waterfront Views

      Centrally located commercial property suitable for medical, office, or retail.
      3520 N Woodruff Road, Weidman, MI 48893-9730
      View Details
    • $299,000
      3,220 SF

      Commercial Property with Liquor License

      Turnkey commercial property with beer, wine, and liquor license.
      1750 N Littlefield Road, Weidman, MI 48893
      View Details
    • $189,000
      1,200 SF

      Well-Maintained Church on 2 Acres

      Church property on 2 acres with business potential.
      7950 W Airline Road, Weidman, MI 48893
      View Details
    • $23,900

      Lake Isabella Vacant Land Parcel

      0.9 acre parcel near Lake Isabella with natural gas.
      1001 El Camino Grande, Weidman, MI 48893-9718
      View Details
    • $109,900

      Weidman, MI Vacant Land

      15.28 acre wooded lot with hunting cabins and outbuildings.
      7907 W Weidman Road, Weidman, MI 48893
      View Details
    • $75,000

      Ojibwa Recreation Area Vacant Land

      Improved double lot with garage, pole barn, well and septic.
      7737 Wilderness Drive, Weidman, MI 48893-9739
      View Details
    • $68,000

      Chippewa Riverfront Land Parcel

      1.78-acre parcel with 600 feet of Chippewa River frontage.
      1033 Bonanza Lane, Weidman, MI 48893
      View Details
    • $2,850,000
      37,322 SF

      Two Self-Storage Facilities For Sale

      Two self-storage facilities totaling 37,322 square feet, expansion potential.
      6473 W Weidman Rd, Weidman, MI
      View Details
    • $35,000

      Recreational Land Near Soaring Eagle

      1.45 acres of wooded property with recreational opportunities.
      VL W Weidman Road, Weidman, MI 48893
      View Details
    • $10,000

      Lake Isabella Double Lot

      Double lot in Lake Isabella community with access to amenities.
      1090 Carmen Drive, Weidman, MI 48893
      View Details

    FAQs

    What type of property is this?
    Land - 0.44-acre lot with ~136 feet of river frontage.
    Where is this land located?
    The property is located at 1035 Bonanza Lane Weidman, MI.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: ~136 feet of river frontage provides scenic privacy and natural terrain.; Septic system already installed, saving time and expense.; 0.44‑acre lot offers manageable size.
    (989) 533-9919
    We can help!
    Listing Contact
    Jeanette Corbin
    Jeanette Corbin
    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

    Thank You for Inquiry
    1035 Bonanza Lane, Weidman, MI 48893
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!