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

    2846 62nd Street Fennville, MI 49408

    View on Map
    For Sale
    $129,000

    LAND - Fennville, MI

    Lot size:
    2.50 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    12
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 2846 62nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03-2002302123
    Lot size
    2.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    COM E 1/4 COR TH DUE S 1506.17' TO POB; TH CONT DUE S 200'; TH S 89DEG 56'01'' W 263'; TH N 00DEG 00'38'' W 40'; TH S 89DEG 56'01'' W 394.43'; TH N 00DEG 00'38'' W 160'; TH S 89DEG 56'01'' E 657.48' TO POB SEC 23 T3N R16W SURVEY: 2.66 AC (2025) SPLIT/COMB INED ON 05/08/2024 FROM 20-023-021-21;
    TaxAnnualAmount
    908

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Peggy Sayre

    Listing agent Peggy Sayre

    Listing office Coldwell Banker Realty 10 N Whittaker St., Northbrook, MI

    Listing date Mar 21, 2026

    MLS# 26011104

    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.

    Overview

    2.66 Acres Wooded Parcel

    This 2.66-acre wooded parcel is located in Saugatuck Township, surrounded by mature trees and natural beauty. The property offers a peaceful setting with ample space to design and build a custom home that blends seamlessly with the landscape. The property is conveniently located minutes from Saugatuck and Douglas, along with the shoreline of Lake Michigan. Enjoy easy access to beaches, boating, art galleries, boutique shopping, and local dining. This property provides an opportunity to build a custom getaway or year-round residence in West Michigan. The property is located in Fennville, MI 49408, Allegan County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Kitchen & Bath Showroom Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fennville
    County
    Allegan
    State
    Michigan
    Longitude
    -86.1546484
    Latitude
    42.6247069

    Nearby Similar for Sale

    • $439,999
      5,280 SF

      Fennville Mixed-Use Opportunity

      Versatile mixed-use building in downtown Fennville with development potential.
      205 W Main Street, Fennville, MI 49408
      View Details
    • $129,900

      Fennville Homesite with Pond Frontage

      Approximately 2-acre homesite with pond frontage in rural setting.
      5233 124Th Avenue lot: C New Split, Fennville, MI 49408
      View Details
    • $135,000

      Fennville Land with Pond Frontage

      Approximately 2 acre homesite with pond and road frontage.
      5233 124Th Avenue lot: B New Split, Fennville, MI 49408
      View Details
    • $89,000

      Wooded Lot in Hunters Ridge

      One-acre wooded lot near Saugatuck, Holland, and Fennville.
      5818 Hunters Ridge, Fennville, MI 49408
      View Details
    • $146,000

      Fennville Homesite with Pond Frontage

      Two-acre homesite with pond frontage in a rural setting.
      5233 124Th Avenue lot: A New Split, Fennville, MI 49408
      View Details
    • $85,000

      Vacant Land Near Allegan Game

      10 acres of land bordering Allegan State Game Area.
      5347 112th Avenue, Fennville, MI 49408
      View Details
    • $75,000

      Fennville Land Opportunity

      2.8 acres of land for sale in Fennville, MI.
      VL 54th Street, Fennville, MI 49408
      View Details
    • $75,000

      Land Opportunity in Fennville

      2.8 acres of land available in Fennville, Michigan.
      VL 54TH STREET, FENNVILLE, MI 49408
      View Details
    • $349,900

      Fennville Wooded Acreage For Sale

      20 acres of wooded land near Lake Michigan and wineries.
      1816 66th Street, Fennville, MI 49408
      View Details
    • $175,000

      Wooded Land Between Resort Towns

      5.01-acre wooded property near Saugatuck/Douglas and South Haven.
      1614 66th Street, Fennville, MI 49408
      View Details
    • $875,000

      Fennville Land Development Opportunity

      Multi-family development opportunity with municipal utilities access in Fennville, MI.
      552 3RD STREET, FENNVILLE, MI 49408
      View Details
    • $199,900

      Fennville Wooded Land Parcel

      10+ acre wooded parcel near Lake Michigan in Fennville.
      V/L 121st Avenue, Fennville, MI 49408
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.66-acre wooded parcel to build a custom home.
    Where is this residential land & home lot located?
    The property is located at 2846 62nd Street Fennville, MI.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Large 2.66‑acre wooded parcel offers privacy and space for a custom home.; Located minutes from Saugatuck and Douglas, providing easy access to amenities.; Close proximity to Lake Michigan's shoreline, beaches, and boating.
    (630) 643-2853
    We can help!
    Listing Contact
    Peggy Sayre
    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!