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

    119 Legend Trl Bellaire, MI 49615

    Sponsored
    For Sale
    Contact for pricing

    Vacant Lot/Land - Bellaire, MI

    Lot size:
    0.41 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 3 at 6:06 am

    Property Features for 119 Legend Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Site Condominium,Bldg & Use Restrictions
    Pool private
    1
    Exterior features
    Club House, Golf Course, Tennis Courts, Pool, Ski Slope, Lake Privileges, Common Area, Trails, Countryside View
    Lot size
    0.41 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    Deborah Alexander
    Deborah Alexander

    Alexander North Properties (231) 564-0500

    Listing agent Deborah Alexander (231) 564-0500

    Listing date Feb 27, 2026

    MLS# 1942562 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.

    Learn more

    Property Insight Report

    Overview

    Wooded Lot in Shanty Creek

    Located off Legend Trail within Shanty Creek Resort, this wooded lot offers a private setting suitable for a walk-out lower level home. The association mandates a minimum of 1,000 square feet of finished main floor level for single-story homes and a minimum of 1,300 square feet for two-story homes. Ownership grants access to the private association Beach Club on Lake Bellaire's sandy shores, featuring basketball and pickleball courts, a playground, and a clubhouse, all approximately 5 minutes away. Residents also have access to the Pinebrook pool, tennis court, and clubhouse. Shanty Creek Resort, an all-season destination, encompasses over 5,500 acres, five golf courses, and five villages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Nail Salon Storage Facility Grocery & Convenience Store Food Market Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Antrim
    State
    Michigan
    Longitude
    -85.192369171905
    Latitude
    44.942939173688

    Nearby Similar for Sale

    • $265,000
      1,400 SF

      Restaurant/Retail Space in Bellaire, MI

      Prime commercial space in Bellaire, suitable for various businesses.
      103 S Division St, Bellaire, MI 49615
      View Details
    • $289,000
      2,400 SF

      Bellaire Commercial/Industrial Opportunity

      Well-maintained commercial building in Bellaire, Michigan, with retail and residential potential.
      732 E Cayuga St, Bellaire, MI 49615
      View Details
    • $1,600,000
      3,776 SF

      Established Tree Service Business

      Thriving tree service business with land, buildings, and equipment.
      220 Birch St, Bellaire, MI 49615
      View Details
    • $975,000
      9,173 SF

      Multifamily Property Near Downtown Bellaire

      Multi-unit residential property with warehouses and barn on 8+ acres.
      6633 Bellaire Hwy, Bellaire, MI 49615
      View Details
    • $294,000
      1,900 SF

      M-88 Showroom and Storage Space

      Showroom, office, storage, and garage space on M-88 near Bellaire.
      7232 Bellaire Hwy, Bellaire, MI 49615
      View Details
    • $125,000

      Airplane Hangar at Antrim Airport

      50x36 pole building with transferable land lease.
      3366-A Derenzy Rd, Bellaire, MI 49615
      View Details
    • $229,000
      1,569 SF

      1,569 SF Office Building For Sale

      1,569 SF Office Building For Sale
      114 S Division Street, Bellaire, MI 49615
      View Details
    • $294,000

      M-88 Highway Commercial Property

      Commercial property with showroom, office, storage, and pole barn.
      7232 S M 88 Hwy, Bellaire, MI 49615
      View Details
    • Contact for pricing

      Shanty Creek Resort Lodge Suite

      One-bedroom suite near ski hills, golf, and resort amenities.
      2400 Troon South, Bellaire, MI 49615
      View Details
    • $266,000
      1,569 SF

      Bellaire Office Building Investment

      Prime Bellaire location, high ROI potential.
      114 Division St, Bellaire, MI 49615
      View Details
    • $249,900
      1,400 SF

      Bellaire Industrial Space For Sale

      High-traffic location, remodeled industrial building.
      103 Division St, Bellaire, MI 49615
      View Details
    • $299,000
      2,800 SF

      Commercial Opportunity in Shanty Creek

      Commercial building in Shanty Creek Resort, Bellaire, MI.
      5820 Shanty Creek Rd, Bellaire, MI 49615
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot with access to resort amenities and beach club.
    Where is this residential land & home lot located?
    The property is located at 119 Legend Trl Bellaire, MI.
    What is the asking price?
    The asking price for this property is $19,900.
    What are key features of this property?
    This property features: - High, wooded lot offering privacy.; - Desirable location for a walk-out lower level home.; - Located within Shanty Creek Resort, an all-season destination spanning over 5500 acres with five golf courses.
    (231) 564-0500
    Request Owner's contact information
    119 Legend Trl Bellaire, MI 49615
    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.
    119 Legend Trl
    Bellaire, MI 49615
    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
    119 Legend Trl Bellaire, MI 49615
    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
    Deborah Alexander
    Deborah Alexander
    Real Estate License ID: 6501311425
    (231) 564-0500 (231) 533-7077
    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!