Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Alden Meadows Title is generated by Realmo AI

    Lot 27 Alden Meadows, Alden, MI 49612

    View on Map
    Claim this Listing
    For Sale
    $85,900

    Vacant Lot/Land - Alden, MI

    Lot size:
    2.09 Acres
    Added:
    Apr 8, 2025
    Days on Market:
    425
    Last Refresh:
    Jun 6 at 3:06 pm

    Property Features for Lot 27 Alden Meadows

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential,Site Condominium,Deed Restrictions,Bldg & Use Restrictions
    Exterior features
    Common Area, Trails, Countryside View
    Standard status
    Active
    Lot size
    2.09 Acres

    Taxes and HOA fees

    Expense value
    100
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Scheitler
    Gary Scheitler

    Listing agent Gary Scheitler

    Listing office Paradise Properties USA 9047 Helena, Alden, MI

    Listing date Apr 8, 2025

    MLS# 1932186 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.

    HighLights

    • Walking distance to Alden for shopping and dining.
    • Torch Lake public access for kayak/canoe/swimming.
    • Private association park on Spencer Creek.
    • Acreage parcel in Alden Meadows subdivision.
    • Deed restrictions to protect investment.
    • Countryside views and trails.

    Overview

    Located in Alden Meadows, this 2.09-acre vacant land parcel is suitable for building a residential home. The property is within walking distance of shopping and dining in Alden, as well as public access to Torch Lake for recreational activities like kayaking, canoeing, and swimming. A private association park on Spencer Creek is also accessible from the property. Deed restrictions are in place to help protect your investment. The zoning allows for residential use, site condominiums, and is subject to deed and building use restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Storage Facility Carpet & Flooring Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Alden
    County
    Antrim
    State
    Michigan
    Longitude
    -85.2713538
    Latitude
    44.8635619

    Nearby Similar for Sale

    • $1,300,000

      Torch Lake Frontage Land Parcel

      0.9-acre lot with 110 feet of private Torch Lake frontage.
      9263 Charlie Lane, Alden, MI 49612
      View Details
    • $2,600,000

      Waterfront Residential Land Parcel

      Vacant, improved residential land with 102 feet of Torch Lake frontage for a custom lakeside build.
      11282 SE Torch Lake Drive, Alden, MI 49612
      View Details
    • $65,000

      Spacious Corner Homesite in Alden

      2.26 acre corner lot in Alden Meadows subdivision.
      Lot 39 Alden Meadows, Alden, MI 49612
      View Details
    • $450,000
      3,315 SF

      Downtown Alden Commercial Building

      Commercial building in downtown Alden, near Torch Lake.
      9160 Helena Road, Helena Township, MI 49612
      View Details
    • $498,900

      Turn-Key Retail and Office Building

      Turn-key downtown building with finished upstairs space and separate entrance for flexible second-use operations.
      9053 Helena Rd, Alden, MI 49612
      View Details
    • $149,900

      Torch Lake Garage with Porch

      Garage with porch and shared access to Torch Lake.
      00 S East Torch Lake Drive, Alden, MI 49612-9999
      View Details
    • $2,600,000

      Waterfront Land with Torch Lake Access

      Vacant waterfront parcel with 102 feet of Torch Lake frontage for private development on nearly one acre.
      11282 SE Torch Lake Dr, HelenaTownship_Antrim, MI 49612
      View Details
    • $235,000

      Recreational Hunting Land Parcel

      Wooded hunting and recreation land that backs to large state holdings and includes electricity and a water well.
      8638 Lannin Rd NW, RapidRiverTownship_Kalkaska, MI 49612
      View Details
    • $60,000

      Rapid River Wooded Land Parcel

      5-acre wooded parcel near Kalkaska, perfect for recreation or home.
      207 Wallace Road NE, Rapid River Twp, MI 49612
      View Details
    • $85,900

      Beautiful Alden Home Site

      2.96 acre home site near Torch Lake and downtown Alden.
      LOT 44 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Land for Home in Alden

      Residential land near Torch Lake and downtown Alden, Michigan.
      Lot 43 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Residential Land in Alden Meadows

      Acreage parcel near Torch Lake access in Alden, Michigan.
      Lot 34 Alden Meadows, Alden, MI 49612
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land in Alden, MI, near Torch Lake.
    Where is this residential land & home lot located?
    The property is located at Lot 27 Alden Meadows Alden, MI.
    What is the asking price?
    The asking price for this property is $85,900.
    What are key features of this property?
    This property features: Walking distance to Alden for shopping and dining.; Torch Lake public access for kayak/canoe/swimming.; Private association park on Spencer Creek.
    (231) 633-2323
    We can help!
    Listing Contact
    Gary Scheitler
    Gary Scheitler
    Real Estate License ID: 6502139515
    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
    Lot 27 Alden Meadows, Alden, MI 49612
    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!