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    Historic Farmhouse with Business Potential Title is generated by Realmo AI

    3435 Dietz Road, Williamston, MI 48895

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    Claim this Listing
    For Sale
    Under Contract
    $499,000

    Business And Real Estate - Williamston, MI

    Property size:
    3,442 SF
    Lot size:
    5.49 Acres
    Price / SF:
    $144/SF
    Added:
    Dec 17, 2025
    Days on Market:
    152
    Last Refresh:
    May 18 at 7:06 pm

    Property Features for 3435 Dietz Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Multiple
    Standard status
    Active Under Contract
    APN
    33080805200007
    Size
    3,442 SF
    Lot size
    5.49 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7602

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Harry M Lee

    Listing agent Harry M Lee

    Listing office Golden Key Realty Group LLC 1120 E Long Lake Ste 201, Troy, MI

    Listing date Dec 17, 2025

    MLS# 20251060668 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

    • Historic farmhouse with potential for conversion to a full family home or continued mixed‑use (business/residential).
    • Multiple outbuildings including a barn suitable for events, milk barn, shed, and large vehicle workshop.
    • Opportunity for unique ventures such as weddings or seasonal events.
    • On‑site beer production and consumption with a world‑renowned Master Cicerone.
    • Convenient freeway access combined with rural living.
    • Property includes a brick construction and asphalt roof, built in 1900.

    Overview

    This historic farmhouse, situated on 5.49 acres, offers a blend of rural living with convenient freeway access. Currently operating as a garlic farm, the property includes multiple outbuildings: a barn suited for events, a milk barn, a shed, and a large vehicle workshop. The 3,442 square foot property is zoned for multiple uses. The main level is currently used for business purposes, while the second floor serves as residential living space, but could be converted into a full family home. The property offers possibilities for weddings, seasonal events, or other ventures. The property is located in Williamston, Michigan, in Ingham County. The property features a brewer who is capable of brewing beer base on customer's specs. This facility offers on site beer purchases, and consumption.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michigan Brewing Works Production Facility

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Storage Facility Bar & Pub Garden Center (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Ingham
    State
    Michigan
    Longitude
    -84.230083
    Latitude
    42.684497

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    FAQs

    What type of property is this?
    Farm - Charming farmhouse on 5.49 acres with business and residential space.
    Where is this farm located?
    The property is located at 3435 Dietz Road Williamston, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Historic farmhouse with potential for conversion to a full family home or continued mixed‑use (business/residential).; Multiple outbuildings including a **barn suitable for events**, milk barn, shed, and large vehicle workshop.; Opportunity for **unique ventures such as weddings or seasonal events**.
    (248) 765-8998
    We can help!
    Listing Contact
    Harry M Lee
    Real Estate License ID: 6501376856
    Learn More
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    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.

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