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    14570 Gratiot Hemlock, MI 48626

    View on Map
    New
    For Sale
    $535,000

    Cape Cod, Farm - Hemlock, MI

    Type:Farm
    Property size:
    2,275 SF
    Lot size:
    10.88 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 14570 Gratiot

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Agricultural,Residential
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
    Parking features
    Covered, Driveway, Garage, Garage - Attached, Paved or Surfaced
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    9 ft + Ceilings, Accessibility Features, Bay Window, Cable/Internet Avail., Cathedral/Vaulted Ceiling, Hardwood Floors, Spa/Jetted Tub, Sump Pump, Walk-In Closet, Whirlpool/Hot Tub, Window Treatment(s)
    Exterior features
    Deck, Fence Owned, Fenced Yard, Garden Area, Patio, Porch, Hay Barn, Horse Barn, Barn, Garage(s), Gazebo, Kennel, Other (otherstructures), Workshop, Pets-allowed, Dogs Allowed, Cats Allowed, Wi-fi Available, Storage
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Standard status
    Active
    APN
    22-12-2-26-2012-000
    Size
    2,275 SF
    Lot size
    10.88 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Floors in Building
    1
    Flooring type
    Carpet, Wood
    Architectural style
    Cape Cod
    Additional Structures
    Barn(s), Garage(s), Gazebo, Storage, Workshop

    We can help!

    Listing Contact
    Carolyn Mayne

    Listing agent Carolyn Mayne License #6501386291

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Mar 30, 2026

    MLS# 50202814 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Equestrian Farm with Charming Ranch

    Meadow Lane Farm presents a unique real estate opportunity in historic Hemlock, Michigan. This property, spanning nearly 11 acres, features equestrian amenities, functional animal barns, and a charming rustic-chic ranch home. Formerly the site of a renowned Haflinger Horse Breeder, this farm offers the potential to continue its legacy. The 2,275 square foot house includes a gourmet granite kitchen, formal and informal dining spaces, and a first-floor master suite with a ceramic-encased Jacuzzi bath. The open floor plan is suited for entertaining. Recent property enhancements include a paved driveway, Anderson windows, Trex Deck, and a stone patio with a bonfire pit. The landscape features meadows, gardens, and picturesque landscaping. Located in the middle of the Great Lakes Bay Region, this farm offers a town and country lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Storage Facility Grocery & Convenience Store Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemlock
    County
    St. Clair
    State
    Michigan
    Longitude
    -84.2287
    Latitude
    43.422

    FAQs

    What type of property is this?
    Horse & equestrian property - 11-acre Hemlock farm with equestrian amenities and updated ranch.
    Where is this horse & equestrian property located?
    The property is located at 14570 Gratiot Hemlock, MI.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: Nearly 11‑acre equestrian property with horse barn and hay barn, ideal for horse enthusiasts.; Ranch home featuring a gourmet granite kitchen and first‑floor master suite with Jacuzzi, perfect for entertaining.; Recent property enhancements including a **paved driveway, Anderson windows, Trex deck, and stone patio with bonfire pit.**
    (989) 798-9008
    We can help!
    Listing Contact
    Carolyn Mayne
    Real Estate License ID: 6501386291
    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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