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

    2140 W River Ave Oscoda, MI 48750

    Sponsored
    For Sale
    $125,000

    Vacant Land Improved - Oscoda, MI

    Lot size:
    8.50 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 3:06 am

    Property Features for 2140 W River Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Metes and Bounds
    Exterior features
    None
    Lot size
    8.50 Acres

    Utilities

    Water front features
    River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    CHRISTINE BEEBE

    Scofield Real Estate LLC (989) 728-2603

    Listing agent CHRISTINE BEEBE (989) 728-2603

    Listing date Feb 27, 2026

    MLS# 1942571 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. 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

    8.5 Acres Overlooking Au Sable

    This 8.5-acre property offers a retreat overlooking the Au Sable River, located 6 miles from Oscoda. Accessed via a gated entrance and private drive, the surveyed property features clearly staked boundary lines. Approximately 5 flat acres at the top are suitable for building, transitioning to a hill leading to an additional acre near the river bottom. Towering mature trees, including red pine, oak, white pine, and Douglas fir, populate the landscape, with established trails throughout. Five fieldstone firepits are situated across the acreage. A well installed in 2024 is in place, and multiple building sites offer flexibility. A river overlook provides views, with Consumers Energy maintaining the riverfront below. Wildlife, including bald eagles, deer, and turkey, are frequent visitors. A foot trail leads to the river, and a nearby public boat launch provides fishing access. Thousands of acres of state land down the road offer ORV and snowmobile trails. The property is intended for a private retreat or full-time residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Hotel & Motel Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.435555725098
    Latitude
    44.440437157777

    Nearby Similar for Sale

    • $249,900
      2,581 SF

      Oscoda Commercial Property For Sale

      Centrally located commercial property in Oscoda, MI, ready for new possibilities.
      5115 N Us Highway 23, Oscoda, MI 48750
      View Details
    • $209,900
      1,526 SF

      Remodeled Office in Downtown Oscoda

      Turnkey office building in downtown Oscoda, remodeled in 2022.
      205 S State St, Oscoda, MI 48750
      View Details
    • $229,000
      3,714 SF

      Lakeside Commercial Building with Home

      Commercial building with residential home near Lake Huron.
      3511 N Us-23, Oscoda, MI 48750
      View Details
    • $650,000

      Waterview Restaurant Opportunity on US 23

      Turnkey restaurant with seating for 150 near Au Sable River.
      884 S State St, Oscoda, MI 48750
      View Details
    • Contact for pricing
      4,200 SF

      Restaurant/Retail Opportunity on US-23

      Former bakery and restaurant on US-23 in Oscoda, Michigan.
      5214 N Us Highway 23, Oscoda, MI 48750
      View Details
    • $799,000

      Lake Huron Waterfront Resort Opportunity

      Waterfront resort with 200 feet of sandy Lake Huron frontage.
      3510 N Us-23, Oscoda, MI 48750
      View Details
    • $950,000
      4,100 SF

      Oscoda Restaurant - Turnkey Opportunity

      Profitable Restaurant, Prime Location
      884 State St, Oscoda, MI 48750
      View Details
    • $169,900
      3,200 SF

      Retail Store on US-23

      Retail store with frontage on US-23 in Oscoda, Michigan.
      2083 N Us-23, Oscoda, MI 48750
      View Details
    • $140,000
      2,325 SF

      Well-Maintained Office Building in Oscoda

      Functional office building in Oscoda, adaptable for various needs.
      305 N State St, Oscoda, MI 48750
      View Details
    • $675,000
      4,100 SF

      884 State St, Oscoda, MI 48750

      Industrial properties • 4,100 SF
      884 State St, Oscoda, MI 48750
      View Details
    • $219,900
      1,526 SF

      Downtown Oscoda Office Building

      Prime Oscoda location, remodeled 2022.
      205 State St, Oscoda, MI 48750
      View Details
    • $2,050,000
      10,004 SF

      Oscoda Retail Center Investment

      Dollar Tree NNN Lease, High ROI
      5018 Us 23, Oscoda, MI 48750
      View Details

    FAQs

    What type of property is this?
    Recreation land - Vacant land with river views, well, and established trails.
    Where is this recreation land located?
    The property is located at 2140 W River Ave Oscoda, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Rare 8.5-acre property with **Au Sable River views**.; - Private and secluded location behind a gated entrance.; - Well installed in 2024 and multiple building sites available.
    (989) 430-0709
    Request Owner's contact information
    2140 W River Ave Oscoda, MI 48750
    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.
    2140 W River Ave
    Oscoda, MI 48750
    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
    2140 W River Ave Oscoda, MI 48750
    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

    We can help!
    Listing Contact
    CHRISTINE BEEBE
    (989) 430-0709 (989) 728-2603
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!