Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land on Loon Lake Title is generated by Realmo AI

    2910 Loon Drive, Wixom, MI 48393

    View on Map
    Claim this Listing
    For Sale
    $369,000

    LAND - Wixom, MI

    Lot size:
    0.98 Acres
    Added:
    Nov 28, 2025
    Days on Market:
    165
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 2910 Loon Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    1729328029
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Description
    T2N, R8E, SEC 29 BIRCH PARK SUB LOT 510, ALSO THAT PART OF VAC LOON DR ADJ TO SAME, ALSO THAT PART OF S 1/2 OF SE 1/4 OF NW 1/4 LYING ELY OF W LI OF SD LOT 510 & WLY OF E LI OF SD LOT 510 EXT NLY FROM N LI OF VAC LOON RD TO N LI OF S 1/2 OF SE 1/4 OF NW 1/2 8-28-92 FR 023 & 024 9-24 92 CORR
    Tax Annual Amount
    4020

    Utilities

    Water source
    Public
    Water front features
    Lake Front, Beach Access
    Water front
    1

    We can help!

    Listing Contact
    Izdehar Rizkallah
    Izdehar Rizkallah

    Listing agent Izdehar Rizkallah

    Listing office Michigan Homes Realty Group 200 E Big Beaver Rd Ste 154, Novi, MI

    Listing date Nov 28, 2025

    MLS# 20251056919 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront access on all‑sports Loon Lake.
    • .98 acre vacant lot, ready for building.
    • Enhanced privacy with 28 trees planted along the property line.
    • Access to a boat launch and private neighborhood beach.
    • Updated soil boring tests and land survey available.
    • Custom home package available (2200 sqft, 4 beds, 3 baths).

    Overview

    This 0.98 acre vacant lot offers an opportunity to build a dream home with waterfront access on an all-sports lake. The property has been fully cleared, and 28 trees have been added along the property line to enhance privacy. Residents benefit from Loon Lake living, including access to a boat launch and a neighborhood private beach. Updated soil boring tests and a land survey are available. A custom home package is available starting at 899,000 for a 2200 sqft home with 4 beds and 3 baths. The property is located in Wixom, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.528068
    Latitude
    42.547188

    Nearby Similar for Sale

    • $695,000

      Corner Land Parcel in Wixom

      Versatile land parcel suitable for medical, residential, or commercial development.
      2120 Wixom Road, Wixom, MI 48393
      View Details
    • $1,945,000
      13,898 SF

      Wixom Light Industrial Opportunity

      Versatile building in Wixom's industrial corridor with high ceilings.
      47840 Anna Court, Wixom, MI 48393
      View Details
    • $525,000

      Prime Vacant Land in Wixom

      Vacant land ideal for development in downtown Wixom.
      216 N Wixom Road, Wixom, MI 48393
      View Details
    • $299,900
      1,493 SF

      Versatile Commercial Property in Wixom

      Commercial property in Wixom, MI, zoned IRO.
      50274 Grand River Avenue, Wixom, MI 48393
      View Details
    • $4,285,714
      33,918 SF

      Industrial Property with Cranes

      33,918 SF industrial building on 12.25 acres.
      52700 Pontiac Trl, Wixom, MI 48393
      View Details
    • $2,300,000
      8,240 SF

      Turn-Key Brewery Production Facility

      Fully equipped brewery and beverage production facility in Wixom.
      28800 Wall St, Wixom, MI 48393
      View Details
    • Contact for pricing
      20,000 SF

      Wixom Multi-Tenant Office Asset

      20,000 SF multi-tenant office building in Wixom, Michigan.
      28004 Center Oaks Ct, Wixom, MI 48393
      View Details
    • $2,650,000
      6,926 SF

      Freestanding Building on 1.4 Acres

      6,926 SF remodeled building on 1.4 acres for sale.
      29710 Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing
      9 SF

      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
      49100-49140 Wixom Tech Dr. | Wixom, MI 48393, MI 48393
      View Details
    • $399,900
      1,493 SF

      Versatile Commercial Property for Sale

      Commercial property with flexible zoning, ideal for various business uses.
      50274 Grand River Avenue, Wixom, MI 48393
      View Details
    • $1,945,000
      13,898 SF

      Wixom Light Industrial Opportunity

      Versatile building in Wixom's industrial corridor with high ceilings.
      47840 Anna Court, Wixom, MI 48393
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Land available for sale in Wixom, Michigan.
      27120 Haas Road, Wixom, MI, 48393
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Exceptional 0.98 acre vacant lot with waterfront access.
    Where is this waterfront land located?
    The property is located at 2910 Loon Drive Wixom, MI.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Waterfront access on all‑sports Loon Lake.; .98 acre vacant lot, ready for building.; Enhanced privacy with 28 trees planted along the property line.
    (248) 994-9040
    We can help!
    Listing Contact
    Izdehar Rizkallah
    Izdehar Rizkallah
    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

    Thank You for Inquiry
    2910 Loon Drive, Wixom, MI 48393
    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!