Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land Near Horseshoe Lake Title is generated by Realmo AI

    18000 Blk #2 Forrister, Hudson, MI 49247

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Vacant Land - Hudson, MI

    Lot size:
    1.89 Acres
    Added:
    Sep 5, 2025
    Days on Market:
    254
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 18000 Blk #2 Forrister

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    RL0-130-3600-14
    Lot size
    1.89 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Perry

    Listing agent Jason Perry License #6501395267

    Listing office Irish Hills Realty 6867 West US 12, Onsted, MI

    Listing date Sep 5, 2025

    MLS# 50187457 Listing URL

    Copyright © 2026 Lenawee County Association 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.

    HighLights

    • 1.89 acre building lot with shared waterfront and docking rights on Horseshoe Lake
    • Suitable for a walkout basement with seasonal lake views
    • Full rights to lake life: fishing, boating, and relaxing
    • Located on a paved road in a quiet country setting
    • Shared ownership to waterfront
    • Highly desired Hudson School District

    Overview

    This is Parcel 2, a 1.89-acre rolling building lot with shared ownership of waterfront and docking rights on Horseshoe Lake. The site is located in a quiet country setting on a paved road and is suitable for a walkout design, offering seasonal lake views. Residents can enjoy fishing, boating, and relaxation. The property is located within the Hudson School District, making it a desirable location for families. This lot presents an opportunity to build a custom home with full rights to lake life.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hudson
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.3448
    Latitude
    41.8467

    Nearby Similar for Sale

    • $7,000,000
      56,000 SF

      Retail Plaza with Strong Tenant Mix

      Impeccably maintained retail plaza with excellent visibility and long-term stability.
      325 Railroad Street, Hudson, MI 49247
      View Details
    • $500,000

      Established Garden Center on US-127

      Turnkey garden center on 10 acres with high visibility.
      645 S Meridian Road, Hudson, MI 49247
      View Details
    • $7,000,000
      56,000 SF

      Hudson, MI Industrial Opportunity

      56,000 SF manufacturing/industrial property on 5.05 acres.
      325 Railroad Street, Hudson, MI 49247
      View Details
    • $398,999

      40 Acres Buildable Land Parcel

      Versatile 40-acre parcel with farmland, woods, and recreational features.
      2951 N Meridian Road, Hudson, MI 49247
      View Details
    • $500,000
      1,536 SF

      Turnkey Garden Center on US-127

      Established garden center on 10 acres with high visibility.
      645 S Meridian Road, Hudson, MI 49247
      View Details
    • $398,999

      40 Acres of Farmland

      40 acres of agricultural land for sale in Hudson, Michigan.
      2951 N Meridian Road, Hudson, MI 49247
      View Details
    • $189,000

      Fawn Lake Private Lot

      Beautiful, peaceful, and private waterfront lot on Fawn Lake.
      Willow Trace Drive, Hudson, MI 49247
      View Details
    • $479,000

      63 Acres with Lake Ownership

      63 acres of land with lake access and development potential.
      18000 Blk Forrister, Hudson, MI 49247
      View Details
    • $69,900

      Mixed-Use Buildings Package Sale

      Mixed-use buildings with income and renovation upside in downtown Hudson.
      112 S Church St, Hudson, MI 49247
      View Details
    • $800,000
      3,484,800 SF

      Productive Farmland in Medina Township

      80-acre parcel of farmland with road frontage and easy access.
      15000 Medina Road, Hudson, MI 49247
      View Details
    • $65,000

      Residential Land Near Horseshoe Lake

      2.7 acre building lot with lake access in Hudson.
      18000 Blk #3 Forrister, Hudson, MI 49247
      View Details
    • $40,000

      Waterfront Building Lot Opportunity

      One-acre building lot with shared waterfront access on Horseshoe Lake.
      18000 Blk #1 Forrister, Hudson, MI 49247
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.89 acre building lot with lake access.
    Where is this residential land & home lot located?
    The property is located at 18000 Blk #2 Forrister Hudson, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 1.89 acre building lot with shared waterfront and docking rights on Horseshoe Lake; Suitable for a walkout basement with seasonal lake views; Full rights to lake life: fishing, boating, and relaxing
    (517) 403-5953
    We can help!
    Listing Contact
    Jason Perry
    Real Estate License ID: 6501395267
    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
    18000 Blk #2 Forrister, Hudson, MI 49247
    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!