Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    16179 COVENTRY LANE Spring Lake, MI 49456

    View on Map
    Claim this Listing
    For Sale
    $57,200

    land - SPRING LAKE, MI

    Lot size:
    0.46 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    51
    Last Refresh:
    May 8 at 4:06 pm

    Property Features for 16179 COVENTRY LANE

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ginger Wardwell

    Listing agent Ginger Wardwell

    Listing office Holland 466 East 16th Street, MI

    Listing date Mar 19, 2026

    MLS# 26010348 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

    • Custom‑designed homes by DAVID C. BOS Homes.
    • Large lots averaging around a half‑acre.
    • Highly desirable community: The Sanctuary at St. Lazare.
    • Private, wooded, and relaxed living environment.
    • Easy access to bike paths and nature trails.
    • Close proximity to downtown Spring Lake and Grand Haven beaches, marinas, golf courses, and restaurants.

    Overview

    Residential Land in Spring Lake

    This property is located within The Sanctuary at St. Lazare community in Spring Lake, MI. The community offers a private, wooded environment with access to bike paths and nature trails. It is located close to downtown Spring Lake and Grand Haven, with beaches, marinas, golf courses, and restaurants. The available lot is approximately 0.46 acres. The community features sidewalks and light posts. Custom designed homes are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.2217
    Latitude
    43.1035

    Nearby Similar for Sale

    • $2,850,000
      6,766 SF

      Waterfront Restaurant/Bar Opportunity

      Premier waterfront restaurant/bar with outdoor seating and resort liquor license.
      971 W Savidge Street, Spring Lake, MI 49456
      View Details
    • $332,000
      912 SF

      Income-Producing Duplex in Spring Lake

      Well-maintained duplex with long-term tenants and expansion potential.
      15223 Krueger Street, Spring Lake, MI 49456
      View Details
    • $950,000
      4,800 SF

      Renovated Mixed-Use Spring Lake Property

      Iconic, renovated mixed-use building in the Village of Spring Lake.
      116 S Jackson Street, Spring Lake, MI 49456
      View Details
    • $2,249,000
      34,573 SF

      Spring Lake Manufacturing Property

      Manufacturing property in Spring Lake, available for purchase or lease.
      16910 148th Avenue, Spring Lake, MI 49456
      View Details
    • $599,000

      Spring Lake Duplex on Acreage

      Well-maintained duplex on an acre in a wooded setting.
      18501 148th Avenue, Spring Lake, MI 49456
      View Details
    • $51,000

      Dockominium at Village Cove Marina

      Premier 40-foot dockominium with amenities and immediate access.
      910 W Savidge Street, Spring Lake, MI 49456
      View Details
    • $91,000

      48 ft. Marina Slip For Sale

      48 ft. marina slip with amenities in Spring Lake, MI.
      910 W Savidge Street, Spring Lake, MI 49456
      View Details
    • $599,000

      Spring Lake Duplex on Acreage

      Well-maintained duplex on an acre in Spring Lake, Michigan.
      18501 148TH AVENUE, SPRING LAKE, MI 49456
      View Details
    • $425,000

      Spring Lake Triplex For Sale

      Well-maintained triplex in Spring Lake, MI with income potential.
      15190 Leonard Road, Spring Lake, MI 49456
      View Details
    • $499,900

      Lake View Vacant Lot

      Vacant lot near Lake Michigan with potential lake views.
      17812 N SHORE ESTATES ROAD, SPRING LAKE, MI 49456
      View Details
    • $499,900

      Lake View Potential Vacant Lot

      Vacant lot near Lake Michigan with potential lake views.
      17812 N Shore Estates Road, Spring Lake, MI 49456
      View Details
    • $95,000

      Spring Lake Marina Slip For Sale

      50' boat slip in Spring Lake with marina amenities.
      910 W Savidge Street, Spring Lake, MI 49456
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for custom home in desirable Spring Lake community.
    Where is this residential land & home lot located?
    The property is located at 16179 COVENTRY LANE Spring Lake, MI.
    What is the asking price?
    The asking price for this property is $57,200.
    What are key features of this property?
    This property features: Custom‑designed homes by DAVID C. BOS Homes.; Large lots averaging around a half‑acre.; Highly desirable community: The Sanctuary at St. Lazare.
    (616) 340-9890
    We can help!
    Listing Contact
    Ginger Wardwell
    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
    16179 COVENTRY LANE, SPRING LAKE, MI 49456
    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!