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    The Largest CRE Database in the US with Over 1 Million Listings

    11426 N Mission Clare, MI 48617

    View on Map
    For Sale
    $799,900

    Investment - Clare, MI

    Lot size:
    18.50 Acres
    Added:
    Feb 8, 2024
    Days on Market:
    784
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 11426 N Mission

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Security features
    Fire Alarm
    Interior features
    220 Volt Power, Cable TV Available, Fixtures, Flr Thickness: 4+ - 6 In., Gas Available, Living Quarters, No Elevator, No Loading Facility, Outbuilding(s), Outside Storage, Primary Power, Private Restrooms, Telephone, Trash Removal, Underground Utilities, Smoke/Fire Alarm, Fiber Optic Internet
    Exterior features
    Outside Storage, Lawn Sprinkler
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    18-002-30-010-00
    Lot size
    18.50 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxAnnualAmount
    2831.87

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Forced Air, Wall Furnace

    Building Details

    Building materials
    Cedar
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joshua Brewer
    Joshua Brewer

    Listing agent Joshua Brewer

    Listing office CGBOR Guest Listings MI

    Listing date Feb 8, 2024

    MLS# 50189535 Listing URL

    Copyright © 2026 Clare Gladwin Board 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

    Prime Commercial Land Opportunity

    This 18.5-acre commercial property, zoned C-1, offers a strategic location with high visibility. Situated just south of Downtown Clare, the property benefits from convenient access to the US127 on-ramp, a roundabout, and Mission Road, ensuring exposure to thousands of vehicles daily. The site includes water, septic, gas, and electricity. Two buildings/pole barns are present on the property. The seller is open to dividing the land to accommodate various building needs. Cleared and ready for development, the property's south side, formerly a driving range, is drained and suitable for redevelopment or other business ventures. With over 1200 feet of road frontage and 1600 feet of exposure to US127, this property presents a rare opportunity. Its location provides convenient access to Clare, Midland, Mount Pleasant, US 127, US10, shops, golf courses, restaurants, and other businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clare
    County
    Clare
    State
    Michigan
    Longitude
    -84.769
    Latitude
    43.807155

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    FAQs

    What type of property is this?
    Commercial land - 18.5 acres of commercial land with high-traffic exposure.
    Where is this commercial land located?
    The property is located at 11426 N Mission Clare, MI.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: Prime commercial location on Mission Road with high traffic volume and excellent visibility.; 18.5 acres of C‑1 zoned land with potential for splits to suit various building needs.; Utilities available: water, septic, gas, and electricity.
    (248) 595-4978
    We can help!
    Listing Contact
    Joshua Brewer
    Joshua Brewer
    Real Estate License ID: SBR-6501426497
    Learn More
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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
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