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

    3154 Elk Creek Swartz Creek, MI 48473

    View on Map
    For Sale
    Under Contract
    Contact for pricing

    Vacant Land - Swartz Creek, MI

    Lot size:
    0.21 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    760
    Last Refresh:
    Apr 3 at 12:06 pm

    Property Features for 3154 Elk Creek

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    Playground
    Standard status
    Active Under Contract
    APN
    0425651160
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    151
    Expense value
    75
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Pond

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joan Schinderle-King

    Listing agent Joan Schinderle-King License #6501292224

    Listing office Realty Executives Home Towne Chesterfield 49940 Gratiot, Port Huron, MI

    Listing date Mar 4, 2024

    MLS# 50134872 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. 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 Swartz Creek

    This residential land offers an opportunity to purchase one or more lots, each featuring a 60-foot wide frontage. The lots benefit from existing roads, curbs, and underground utilities, which are intended to streamline the construction process. Located within the Cole Creek Estates community, residents have access to playgrounds and a swimming pool. The Homeowner's Association fee is $75 monthly. The property is located in Swartz Creek, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Kitchen & Bath Showroom Food Market Storage Facility Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Swartz Creek
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8252721
    Latitude
    42.9767822

    Nearby Similar for Sale

    • $265,000
      1,963 SF

      Swartz Creek Commercial Building For Sale

      Nearly brand-new commercial building on a high-traffic main road.
      5482 Miller Road, Swartz Creek, MI 48473
      View Details
    • $149,900

      Swartz Creek Vacant Land Opportunity

      5.62 acres of commercial/light industrial land with dual frontage.
      0000 Corunna Rd, Swartz Creek, MI 48473
      View Details
    • $450,000
      2,400 SF

      Swartz Creek Church and Residence

      Church and three-bedroom house on a 10-acre parcel.
      8410 Linden Road, Swartz Creek, MI 48473
      View Details
    • $1,950,000

      223.46 Acres Vacant Land Parcel

      Large 223.46 acre parcel zoned Agricultural/Residential in Mundy Township.
      0 Reid, Swartz Creek, MI 48473
      View Details
    • $50,000

      Residential Land in Swartz Creek

      1.01-acre residential land parcel ready for building.
      0 Baldwin, Swartz Creek, MI 48473
      View Details
    • $55,000

      Residential Land in Gated Community

      2.66-acre residential land with lake access in Swartz Creek, MI.
      6265 Hidden Forrest, Swartz Creek, MI 48473
      View Details
    • $25,000

      Spacious One-Acre Lot Available

      One-acre lot suitable for building a custom home.
      10102 SHARP Road, Mundy Twp, MI 48473
      View Details
    • $250,000

      Vacant Land Near I-69

      Vacant land with frontage near I-69 in Swartz Creek.
      4306 Morrish Rd, Swartz Creek, MI
      View Details
    • $19,999

      Residential Land in Cole Creek Estates

      Residential land with utilities, community pool, and playground access.
      3140 Elk Creek, Swartz Creek, MI 48473
      View Details
    • $19,999

      Residential Lots in Cole Creek

      Residential land with utilities, community pool, and playground access.
      3121 Misty Creek, Swartz Creek, MI 48473
      View Details
    • $19,900

      Residential Lots in Cole Creek

      19 residential lots with utilities, roads, and community amenities.
      3158 Misty Creek, Swartz Creek, MI 48473
      View Details
    • $19,999

      Residential Lots in Cole Creek Estates

      Residential land for sale in a desirable Swartz Creek community.
      3129 Misty Creek, Swartz Creek, MI 48473
      View Details

    FAQs

    What type of property is this?
    Land - Residential land with utilities, roads, and community amenities available.
    Where is this land located?
    The property is located at 3154 Elk Creek Swartz Creek, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Package of 19 prime lots available or purchase single lots with 60' wide frontage.; Roads, curbs, and underground utilities are already in place.; Located in Cole Creek Estates, a desirable community.
    (586) 383-9975
    We can help!
    Listing Contact
    Joan Schinderle-King
    Real Estate License ID: 6501292224
    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!