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

    311 George Street Galien, MI 49113

    View on Map
    Pending
    $30,000

    LAND - Galien, MI

    Lot size:
    0.27 Acres
    Added:
    Aug 10, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 311 George Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    113703400150009
    Lot size
    0.27 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 7 BLK 14 GEORGE A BLAKESLEE'S TOWN PLAT OF GALIEN
    TaxAnnualAmount
    635

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Well

    We can help!

    Listing Contact
    Carol Wight-Barrett

    Listing agent Carol Wight-Barrett License #RB14044075

    Listing office eXp Realty 2724 Niles Ave Suite 2, St. Joseph, MI

    Listing date Aug 10, 2025

    MLS# 25040622

    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

    Residential Land in Galien, Michigan

    This 0.27-acre residential land is located in the village of Galien, Michigan. The property includes a one-car garage and a newer well. Public sewer is available. Its location provides access to shopping, fruit stands, a ski resort, snowmobile trails, breweries, wineries, restaurants, inland lakes, and Lake Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Galien
    County
    Berrien
    State
    Michigan
    Longitude
    -86.497114
    Latitude
    41.806374

    Nearby Similar for Sale

    • $374,000
      6,038 SF

      Updated Commercial Building on 0.88 Acres

      Updated commercial building on 0.88 acres, ideal for various ventures.
      N Cleveland Avenue, Galien, MI 49113
      View Details
    • $34,900

      Residential Lot in Galien, MI

      Residential lot available for new home construction in Galien, MI.
      0 Railroad Street lot: 5, Galien, MI 49113
      View Details
    • $310,000

      18-Acre Tranquil Land Parcel

      18-acre parcel in Galien, MI, perfect for a country estate.
      Mt Zion Road, Galien, MI 49113
      View Details
    • $439,000

      Vacant Land in Galien, MI

      14.71 acres of vacant land for sale in Galien.
      Warren Woods Road unit: 14.71, Galien, MI 49113
      View Details
    • $97,500
      2,256 SF

      Galien River Church For Sale

      Historic church with potential for various uses in Galien.
      2289 Olive Branch Rd, Galien, MI 49113
      View Details
    • $1,599,000
      67,000 SF

      Galien Investment/Development Opportunity

      Two-story, 67,000 SF building with investment/development potential.
      122 Southeastern, Galien, MI 49113
      View Details
    • $44,500
      43,560 SF

      One Acre Land Parcel

      One acre land parcel in Three Oaks Township.
      16244 Holden Road B-3, Galien, MI 49113
      View Details
    • $3,995,000
      40,000 SF

      40,000 SF Hydroponic Grow Facility

      State-of-the-art hydroponic grow facility on 23 acres near Lake Michigan.
      460 W Southeastern St, Galien, MI, 49113-9668
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with garage, well, and sewer access in Galien.
    Where is this residential land & home lot located?
    The property is located at 311 George Street Galien, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Ready‑to‑build lot with newer well and public sewer access.; Ideal location for commuters working in Indiana and living in Michigan.; Includes a one‑car garage on the property.
    (269) 277-1922
    We can help!
    Listing Contact
    Carol Wight-Barrett
    Real Estate License ID: RB14044075
    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!