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

    2422 E US-23 East Tawas, MI 48730

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    Vacant Lot/Land - East Tawas, MI

    Lot size:
    1.10 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 27 at 7:06 pm

    Property Features for 2422 E US-23

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    None
    Standard status
    Pending
    Lot size
    1.10 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JAIMIE VANSICKLE

    Listing agent JAIMIE VANSICKLE

    Listing office STERLING PROPERTIES 225 NEWMAN, East Tawas, MI

    Listing date Mar 6, 2026

    MLS# 1942805 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.

    Overview

    East Tawas Vacant Lot

    This vacant lot, slightly over an acre in size, is located on US-23 at the north end of East Tawas, within Baldwin township. It is part of the Tawas Area school district. The lot features a gravel driveway and a small concrete slab. It has access to natural gas, public water, and electric utilities. The property is situated less than 2 miles from downtown East Tawas, Tawas Point, shopping areas, and beaches.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    East Tawas
    County
    Iosco
    State
    Michigan
    Longitude
    -83.4904
    Latitude
    44.3581

    Nearby Similar for Sale

    • $549,000
      5,952 SF

      East Tawas Motel For Sale

      Turnkey motel with strong seasonal demand in East Tawas.
      1100 E Bay Street, East Tawas, MI 48730
      View Details
    • $259,000
      4,000 SF

      East Tawas Retail Storefront

      Retail store in high-visibility location on Sunrise Side.
      1784 N US-23, East Tawas, MI 48730-0000
      View Details
    • $18,000

      Wooded Land Parcel in East Tawas

      2.03 acre wooded parcel with development potential in East Tawas.
      0 E Westover Street, East Tawas, MI 48730
      View Details
    • $50,000

      Residential Land in Woodview Subdivision

      Vacant land for sale in East Tawas, Michigan.
      00 Manning Lane, East Tawas, MI 48730
      View Details
    • $259,900
      2,335 SF

      East Tawas Commercial Building

      Commercial building with income potential, suitable for various businesses.
      235 Monument Road, East Tawas, MI 48730
      View Details
    • $1,350,000
      5,185 SF

      East Tawas Commercial Opportunity

      Versatile commercial property with storefronts, warehouse, and development potential.
      708 W Bay Street, East Tawas, MI 48730
      View Details
    • $28,000

      Wintergreen Vacant Land Parcel

      Over half acre lot ready for your future plans.
      00 Wintergreen Street, East Tawas, MI 48730
      View Details
    • $29,900

      East Tawas Vacant Land

      1.5 acre residential lot near downtown, beaches, and bike path.
      0 E Lincoln Street, East Tawas, MI 48763
      View Details
    • $50,000

      East Tawas Buildable Land

      Over 1 acre buildable site in East Tawas.
      741 Manning Lane, East Tawas, MI 48730
      View Details
    • $8,900

      Wooded Lots Near East Tawas

      Two wooded lots near US-23 in East Tawas, Michigan.
      0 Jones Street, East Tawas, MI 48730
      View Details
    • Contact for pricing

      New Retail Strip Center

      New multi-tenant strip center with drive-thru opportunity available.
      820 W Bay Street | East Tawas, MI 48730
      View Details
    • $575,000
      5,400 SF

      Turnkey Restaurant Opportunity in East Tawas

      Restaurant, bar with high visibility frontage on US-23 for sale.
      600 E Bay Street, East Tawas, MI 48730
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Over one acre lot near downtown East Tawas.
    Where is this residential land & home lot located?
    The property is located at 2422 E US-23 East Tawas, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Over an acre of land on US‑23.; Less than 2 miles from downtown East Tawas, Tawas Point, shopping, and beaches.; Accessible to natural gas, public water, and electric.
    (989) 362-4585
    We can help!
    Listing Contact
    JAIMIE VANSICKLE
    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!