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

    18 Mile Road unit 20 Acres Big Rapids, MI 49307

    View on Map
    For Sale
    $420,000

    COMMERCIAL - Big Rapids, MI

    Lot size:
    20.00 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    294
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 18 Mile Road unit 20 Acres

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Broadband
    Standard status
    Active
    APN
    54004100003
    Lot size
    20.00 Acres

    Taxes and HOA fees

    TaxYear
    1
    TaxDescription
    TBD per split

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Heather Miller

    Listing agent Heather Miller License #6501435360

    Listing office Century 21 White House Realty 10060 Buchanan Road, Stanwood, MI

    Listing date Jun 12, 2025

    MLS# 25028193

    Copyright © 2026 Michigan Regional Information Center, LLC. 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 Industrial Land Opportunity

    This 20-acre industrial land parcel is ideally suited for warehousing, light manufacturing, or other industrial projects. The property is located in a high-demand commercial corridor with convenient access to major highways, offering excellent visibility, infrastructure, and room for expansion. The site benefits from strong regional demand and a limited supply of shovel-ready industrial land, presenting immediate value for end-users and developers. Essential utilities are in place, including natural gas, 3-phase electrical power, and public water and sewer infrastructure. Additional acreage of up to 110 acres is available.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.524605
    Latitude
    43.728143

    Nearby Similar for Sale

    • $900,000
      4,085 SF

      Established Business and Executive Ranch

      Successful business, real estate, and executive ranch package deal.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $425,000
      4,085 SF

      Kelly's Deer Processing Business Opportunity

      Established business with real estate and equipment included in sale.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $449,900
      10,500 SF

      Spacious Retail Building, Big Rapids

      10,500 SF retail building with parking in Downtown Big Rapids.
      310 N Michigan Avenue, Big Rapids, MI 49307
      View Details
    • $250,000
      6,000 SF

      Versatile Commercial Space in Big Rapids

      6000 sqft commercial space with living/office, shop, and storage.
      18470 195th Ave, Big Rapids, MI 49307
      View Details
    • $250,000

      Versatile Flex Space Opportunity

      6000+ sqft flex space on almost 3 acres.
      18470 195th Avenue, Big Rapids, MI 49307
      View Details
    • $699,900

      Historic Victorian Multifamily Opportunity

      Eastlake-style Victorian masterpiece, currently a commercial space with rental units.
      414 Maple Street, Big Rapids, MI 49307
      View Details
    • $169,000
      2,571 SF

      Downtown Commercial Opportunity in Big Rapids

      Flexible retail or office space in a prime downtown location.
      217 Maple Street, Big Rapids, MI 49307
      View Details
    • $500,000

      Prime Commercial Land Opportunity

      2.12-acre commercial land in a high-traffic Big Rapids corridor.
      Perry Avenue, Big Rapids, MI 49307
      View Details
    • $645,000
      2,758 SF

      Big Rapids Commercial Building

      Well-maintained commercial building with frontage on the Muskegon River.
      520 S 3rd Street, Big Rapids, MI 49307
      View Details
    • $250,000
      5,000 SF

      Prime Commercial Property, Big Rapids

      Commercial property on a highly traveled road, development opportunity.
      603 & 605 N State St, Big Rapids, MI 49307
      View Details
    • $475,000
      4,800 SF

      Versatile Commercial Building in Big Rapids

      Commercial building with development opportunity in high-traffic area.
      203 S 3rd Avenue, Big Rapids, MI 49307
      View Details
    • $468,000

      Undeveloped Land Near Big Rapids

      78-acre hunting/farmland parcel with pond, forest, and hayfield.
      000 VL N Cottonwood Avenue, Big Rapids, MI 49307
      View Details

    FAQs

    What type of property is this?
    Industrial land - 20 acres of industrial land perfect for warehousing or manufacturing.
    Where is this industrial land located?
    The property is located at 18 Mile Road unit 20 Acres Big Rapids, MI.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: 20 Acres of Prime Industrial Land: Ideal for warehousing or light manufacturing.; Strategic Location: Situated in a high‑demand commercial corridor with easy access to major highways.; Existing Infrastructure: Natural gas, 3‑phase electrical, and public water and sewer infrastructure are already in place.
    (231) 250-9367
    We can help!
    Listing Contact
    Heather Miller
    Real Estate License ID: 6501435360
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!