Sign Up Successful!
You now have access to more from Realmo!
    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

    2842 W Federal Hwy Roscommon, MI 48653

    Sponsored
    For Sale
    $150,000

    COMMERCIAL - Roscommon, MI

    Lot size:
    9.61 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 6 at 7:06 am

    Property Features for 2842 W Federal Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    050-034-011-020-10
    Lot size
    9.61 Acres

    We can help!

    Listing Contact
    Megan Coleman

    RE/MAX of Higgins Lake (989) 821-6208

    Listing agent Megan Coleman (989) 821-6208

    Listing date Jan 27, 2026

    MLS# 201838579

    Copyright © 2026 Water Wonderland Board of Realtors®. 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

    Roscommon Commercial Land Opportunity

    This 9.61-acre vacant land parcel presents a commercial opportunity with high visibility and accessibility, situated just off I-75. The property is located near Roscommon and Higgins Lake. Zoned for commercial use, the property allows for various business ventures, including marijuana establishments, subject to state and local licensing. This site is suitable for investors or end users seeking a flexible location within a high-traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center Skin Care Clinic HVAC Service Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Roscommon
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.668148
    Latitude
    44.513156

    Nearby Similar for Sale

    • $379,900
      1,586 SF

      Established Diner Near Higgins Lake

      Turnkey restaurant with strong community support and multiple revenue streams.
      5937 W Higgins Lake Rd, Roscommon, MI 48653
      View Details
    • $279,000
      1,020 SF

      Established Commercial Property Near Higgins Lake

      Commercial property near Higgins Lake with expansion potential and salon equipment.
      4169 Marl Lake Rd, Roscommon, MI 48653
      View Details
    • $599,000
      9,300 SF

      Roscommon Retail Store For Sale

      9,300 SF commercial building in high-visibility location.
      425 N 5Th St, Roscommon, MI 48653
      View Details
    • $250,000

      Commercial Property with Living Quarters

      Commercial property in Roscommon, MI with on-site living quarters.
      1775 N M-18, Roscommon, MI 48653
      View Details
    • $190,000
      3,236 SF

      Higgins Lake Commercial Opportunity

      Commercial building with liquor license near Higgins Lake.
      9963 W Higgins Lake Dr, Roscommon, MI 48653
      View Details
    • $99,000
      2,100 SF

      Commercial Income Property in Roscommon

      Two-unit commercial property with excellent visibility in Roscommon, Michigan.
      412 N 5Th St, Roscommon, MI 48653
      View Details
    • $220,000

      Established Restaurant Near Higgins Lake

      Cozy restaurant seating 40, near campsites and cottages.
      3556 E Higgins Lake Dr, Roscommon, MI 48653
      View Details
    • $229,900

      Specialty Property For Sale

      Specialty property available for purchase.
      9887 W Higgins Lake Dr, Roscommon, MI 48653
      View Details
    • $875,000
      1,972 SF

      Higgins Lake Multi-Business Opportunity

      Three thriving businesses in prime location.
      1857 Higgins Lake Dr, Roscommon, MI 48653
      View Details
    • $339,900
      2,550 SF

      Roscommon Post Office Investment

      High-yield, government-leased property.
      281 Lake St, Roscommon, MI 48653
      View Details
    • $179,900
      3,272 SF

      Roscommon Industrial Park Duo

      Two buildings, 3.7 acres, I-75 access.
      10403 Roscommon Rd, Roscommon, MI 48653
      View Details
    • $229,900
      4,800 SF

      Roscommon Mini Storage Business

      Profitable Self-Storage Facility in Roscommon
      7955 Harrison Rd, Roscommon, MI 48653
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9.61 acres of commercial land near I-75 and Higgins Lake.
    Where is this commercial land located?
    The property is located at 2842 W Federal Hwy Roscommon, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - 9.61 acres of vacant land with high visibility and easy access off I-75.; - Zoned for a variety of commercial uses, including marijuana establishments (subject to licensing).; - Prime location near Roscommon and Higgins Lake.
    (989) 821-6208
    Request Owner's contact information
    2842 W Federal Hwy Roscommon, MI 48653
    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.
    2842 W Federal Hwy
    Roscommon, MI 48653
    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
    2842 W Federal Hwy Roscommon, MI 48653
    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
    Megan Coleman
    (989) 821-6208
    Learn more
    Google sign-in failed. Please try again or use another login method.