Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    7.57 Acres Homesite in Grant Title is generated by Realmo AI

    11298 S GORDON AVENUE, Grant, MI 49327

    View on Map
    Claim this Listing
    For Sale
    $69,900

    land - GRANT, MI

    Lot size:
    7.57 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    38
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 11298 S GORDON AVENUE

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mitch Cripe

    Listing agent Mitch Cripe

    Listing office East Grand Rapids 2168 Wealthy Street S.E., MI

    Listing date Apr 14, 2026

    MLS# 25060079 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.

    HighLights

    • Large 7.57‑acre homesite offering privacy.
    • Abundant wildlife and mature woods create a nature lover's dream.
    • Conveniently located minutes from Grant Schools, shopping, and downtown.
    • Opportunity to build a custom home.
    • Grant Public Schools with strong academic and extracurricular programs.
    • Community‑focused school district dedicated to developing 'Learners and Leaders'.

    Overview

    This 7.57-acre homesite features dense, mature woods and some wetlands with abundant wildlife. It is located minutes away from Grant Schools, local shopping, and downtown Grant. Grant Public Schools offers a challenging academic curriculum supplemented by a variety of programs, including an excellent Fine Arts Program, Athletics, and a commitment to special education support. The property is located in Newaygo County, in the city of Grant, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Grant
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.818648
    Latitude
    43.349402

    Nearby Similar for Sale

    • $210,000
      4,000 SF

      Downtown Grant Commercial Property

      Commercial property in downtown Grant with quality finished space.
      71 S Front Street, 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 Street, 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 Street, Grant, MI 49327
      View Details
    • $30,000

      Half-Acre Lot in Grant, MI

      Half-acre partially wooded lot, ideal for custom build or business.
      0 S MASON DRIVE, 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 Street, Grant, MI 49327
      View Details
    • $59,900

      Prime Building Site in Grant

      2+ acre shovel-ready lot with driveway in Grant School District.
      2308 W 112TH STREET, GRANT, MI 49327
      View Details
    • $125,000

      Scenic Land with Lake Frontage

      Vacant land with lake frontage and successful perc test.
      3873 W 136th Street, Grant, MI 49327
      View Details
    • $59,900

      Grant, MI Building Site

      Prime 2.12-acre building site in Grant School District.
      2308 W 112th Street, Grant, MI 49327
      View Details
    • $159,900
      878 SF

      Grant Office Building For Sale

      Office building in Grant, Michigan, suitable for various commercial uses.
      50 E Main Street, Grant, MI 49327
      View Details
    • $79,900

      Grant, MI Building Site

      Prime 4.14 acre building site in Grant School District.
      2119 W 116TH STREET, GRANT, MI 49327
      View Details
    • $69,900

      Grant, MI Homesite Opportunity

      7.57-acre homesite with mature woods and abundant wildlife.
      11298 S Gordon Avenue, Grant, MI 49327
      View Details
    • $30,000

      LAND - Grant, MI

      S Mason Drive, Grant, MI 49327
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nature lover's dream homesite with mature woods and abundant wildlife.
    Where is this residential land & home lot located?
    The property is located at 11298 S GORDON AVENUE Grant, MI.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Large 7.57‑acre homesite offering privacy.; Abundant wildlife and mature woods create a nature lover's dream.; Conveniently located minutes from Grant Schools, shopping, and downtown.
    (616) 292-2637
    We can help!
    Listing Contact
    Mitch Cripe
    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

    Thank You for Inquiry
    11298 S GORDON AVENUE, GRANT, MI 49327
    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!