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    The Largest CRE Database in the US with Over 1 Million Listings

    2037 128Th Ave Hopkins, MI 49328

    Sponsored
    For Sale
    Under Contract
    $400,000

    Farmhouse - Hopkins, MI

    Type:Farm
    Property size:
    2,496 SF
    Lot size:
    3.90 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 28 at 5:06 pm

    Property Features for 2037 128Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    1002001600
    Parking features
    Garage
    Pool private
    1
    Interior features
    Cable Available
    Exterior features
    Pool - Above Ground, Pool
    Basement Y/N
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Dryer, Refrigerator, Washer
    Size
    2,496 SF
    Lot size
    3.90 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1920
    Year renovated
    2022
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mariah Grumblatt
    Mariah Grumblatt

    KW Domain Birmingham (248) 590-0800

    Listing agent Mariah Grumblatt (248) 590-0800

    Listing date Dec 24, 2025

    MLS# 20251055308 Listing URL

    Copyright © 2026 Realcomp Limited II. 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

    Updated Farmhouse on 4 Acres

    This updated farmhouse blends historic character with modern comfort. Numerous recent improvements include a new roof and gutters, a new concrete patio, and a new double oven in 2022. In 2021, a new furnace and central air system were installed, along with fully replaced ductwork, new Andersen windows, a top-tier septic system and drain field, and a new refrigerator. Flooring was updated throughout in 2020, along with new kitchen cabinetry, a new dishwasher, and a new cooktop. Additional improvements include a high-quality air purification system for the basement, blown-in insulation, updated electrical and panel, new PEX plumbing, new interior and exterior doors, complete lead abatement inside and out, and a brand new water softener RO system. The property sits on just under 4 acres and includes an expansive garden area, established fruit trees, chicken coops, and an oversized garage suitable for storage, hobbies, or equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Storage Facility Computer & Electronic Repair Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkins
    County
    Allegan
    State
    Michigan
    Longitude
    -85.7432708
    Latitude
    42.6243595

    Nearby Similar for Sale

    • $399,900
      8,875 SF

      Hopkins Commercial Building on Acreage

      8700 SF commercial building on 10.82 acres near US-131.
      1964 128Th Ave, Hopkins, MI 49328
      View Details
    • $399,900

      Versatile Commercial Building with Acreage

      8700 sq ft building on 11.29 acres near US-131.
      1964 128Th Ave, Hopkins, MI 49328
      View Details

    FAQs

    What type of property is this?
    Farm - Charming, updated farmhouse with modern amenities on nearly 4 acres.
    Where is this farm located?
    The property is located at 2037 128Th Ave Hopkins, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Extensive recent updates to major systems (roof, HVAC, septic, plumbing, electrical) provide modern comfort and peace of mind.; - Situated on nearly 4 acres with established garden, fruit trees, and chicken coops, offering a desirable country lifestyle.; - Updated kitchen features new cabinetry, dishwasher, and cooktop.
    (248) 379-0023
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    Hopkins, MI 49328
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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
    2037 128Th Ave Hopkins, MI 49328
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    We can help!
    Listing Contact
    Mariah Grumblatt
    Mariah Grumblatt
    Real Estate License ID: 6501420964
    (248) 379-0023
    Learn more
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