Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shelbyville Commercial Lot For Sale Title is generated by Realmo AI

    2391 Sterling Lane, Shelbyville, MI 49344

    View on Map
    Claim this Listing
    New
    For Sale
    $59,900

    COMMERCIAL - Shelbyville, MI

    Lot size:
    0.54 Acres
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 2391 Sterling Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15-001-004-07
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM AT N 1/4 COR TH E 320' TH S 473' TH E 225' TO POB TH N 140' TH E 41' TH N 28' TH E 95.50' TH S 168' TH W 146.50' TO POB SEC 1 T2N R11W (12).
    Tax Annual Amount
    287

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Brett A Sloan
    Brett A Sloan

    Listing agent Brett A Sloan License #6502413882

    Listing office JBS Realty Group 1674 142nd Ave, Dorr, MI

    Listing date May 21, 2026

    MLS# 26024334 Listing URL

    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.

    HighLights

    • C‑2 Zoned Lot: Offers versatile usage possibilities.
    • Close to 124th and Patterson Corridor: Provides convenient access and potential business exposure.
    • Suitable for Storage Buildings/Small Warehouses: Aligns with current area usage.
    • Natural Gas Available: Facilitates various operational needs.
    • Opportunity for Diverse Uses: Zoning ordinance allows for more than just storage.
    • Walkable Property: Allows for easy on‑site assessment.

    Overview

    This commercial lot, zoned C-2, presents a great opportunity near the 124th and Patterson corridor in Shelbyville, MI. The 0.54-acre lot is located in Allegan County. According to the listing, lots in this area are primarily used for storage buildings or small warehouses, but there are many more potential uses. Interested parties should consult the zoning ordinance in Martin Township for specific details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shelbyville
    County
    Allegan
    State
    Michigan
    Longitude
    -85.5913
    Latitude
    42.5914

    Nearby Similar for Sale

    • $175,000
      1,782 SF

      Retail Building Near Gun Lake

      Commercial building across from Gun Lake boat launch.
      2380 S Patterson Road, Shelbyville, MI 49344
      View Details
    • $225,000
      1,782 SF

      Shelbyville Industrial/Warehouse Opportunity

      1,782 SF industrial/warehouse building on 0.244 acres for sale.
      2380 South Patterson Road, Shelbyville, MI 49344
      View Details
    • $2,850,000

      Prime Land Near Gun Lake

      18-acre commercial land parcel near Gun Lake Casino.
      1130 128th Avenue, Shelbyville, MI 49344
      View Details
    • $129,900

      Recreational Land Near Gun Lake

      9.93 acre recreational and hunting land opportunity.
      Wildwood Road, Shelbyville, MI 49344
      View Details
    • $267,500

      Gun Lake Waterfront Land Opportunity

      Vacant lot with 50 feet of frontage on Gun Lake.
      4386 Lynden Road, Shelbyville, MI 49344
      View Details
    • $530,000

      Gun Lake Duplex Investment Property

      Updated duplex on Gun Lake with channel frontage.
      Shelbyville, MI 49344
      View Details
    • $2,850,000
      784,080 SF

      Prime Land Near Gun Lake

      18-acre commercial land parcel near Gun Lake Casino.
      1130 128th Avenue, Shelbyville, MI 49344
      View Details
    • $225,000

      Shelbyville Land Parcel For Sale

      7+ acre parcel near US131, suitable for building or investment.
      V/L 10th Street, Shelbyville, MI 49344
      View Details

    FAQs

    What type of property is this?
    Commercial land - C-2 zoned commercial lot near 124th and Patterson corridor.
    Where is this commercial land located?
    The property is located at 2391 Sterling Lane Shelbyville, MI.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: C‑2 Zoned Lot: Offers versatile usage possibilities.; Close to 124th and Patterson Corridor: Provides convenient access and potential business exposure.; Suitable for Storage Buildings/Small Warehouses: Aligns with current area usage.
    (616) 291-5062
    We can help!
    Listing Contact
    Brett A Sloan
    Brett A Sloan
    Real Estate License ID: 6502413882
    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
    2391 Sterling Lane, Shelbyville, MI 49344
    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!