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

    vl 3rd Avenue Pentwater, MI 49449

    View on Map
    Claim this Listing
    For Sale
    $275,000

    LAND - Pentwater, MI

    Lot size:
    3.64 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    262
    Last Refresh:
    Apr 18 at 4:06 pm

    Property Features for vl 3rd Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    044-560-093-00
    Lot size
    3.64 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    . WD-L2005P33310 PT TO 095-00 IN 05 SEC 14 T16N R18W. LOT 93 & S 133 FT OF LOT 95 OFFICIAL MAP PLAT A VILLAGE OF PENTWATER.
    Tax Annual Amount
    2975

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Dodie Stark
    Dodie Stark

    Listing agent Dodie Stark License #6502353942

    Listing office Coldwell Banker Anchor-Hart 907 State Street, Hart, MI

    Listing date Jul 31, 2025

    MLS# 25038288 Listing URL

    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 Lot in Pentwater Village

    This 3.64-acre residential lot is located within Pentwater Village. The wooded acreage is situated in a quiet neighborhood and is within walking distance to shopping, dining, and the beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pentwater
    County
    Oceana
    State
    Michigan
    Longitude
    -86.42306
    Latitude
    43.786417

    Nearby Similar for Sale

    • $649,900
      8,292 SF

      Historic Pentwater Landmark For Sale

      Historic building in Pentwater Village, ideal for adaptive reuse.
      327 S Hancock Street, Pentwater, MI 49449
      View Details
    • $375,000
      1,395 SF

      Established Bakery in Downtown Pentwater

      Well-established 1,300 SF bakery with lake views for sale.
      560 N Hancock Street, Pentwater, MI 49449
      View Details
    • $1,200,000

      Lake Michigan Beachfront Land

      1.3 acre beachfront property with 200 feet of frontage.
      S Montgomery Boulevard, Pentwater, MI 49449
      View Details
    • $650,000
      865 SF

      Established Winery Near Lake Michigan

      Turnkey winery opportunity on 10 acres near Lake Michigan.
      7397 S Pere Marquette Highway, Pentwater, MI 49449
      View Details
    • $119,999

      Land in Pentwater, Michigan

      Land with development potential near Lake Michigan in Pentwater.
      704 N MORRIS STREET, PENTWATER, MI 49449
      View Details
    • $85,000

      Pentwater Lake Access Land

      Cleared lot with deeded lake access and utilities available.
      LOT 38 LONGBRIDGE ROAD, PENTWATER, MI 49449
      View Details
    • $1,100,000

      Lake Michigan Wooded Waterfront Land

      Rare Lake Michigan frontage near Pentwater Vlg shopping and dining.
      5271 Lake Breeze Drive, Pentwater Vlg, MI 49449
      View Details
    • $675,000
      4,452 SF

      Established Restaurant in Pentwater, MI

      Well-known restaurant with liquor license, FF&E, and outdoor patio.
      Pentwater, MI 49449
      View Details
    • $379,900

      PENTWATER, MI - 40 Acres

      40 acres of land ready to build on.
      4832 W MONROE ROAD, PENTWATER, MI 49449
      View Details
    • $69,000

      Secluded Building Site Near Pentwater

      Wooded 0.95-acre building site near Pentwater Lake.
      Mohawk Street, Pentwater, MI 49449
      View Details
    • $119,999

      Pentwater Land with Development Potential

      Land in Pentwater, MI, offering development or versatile ownership.
      704 N Morris Street, Pentwater, MI 49449
      View Details
    • $379,900

      Pentwater Land with River Views

      40-acre gated property near US 31 with trails.
      4832 W Monroe Road, Pentwater, MI 49449
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.6 acre residential lot in Pentwater, walking distance to amenities.
    Where is this residential land & home lot located?
    The property is located at vl 3rd Avenue Pentwater, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Hard to find 3.6 acre residential lot in Pentwater Village; Walking distance to shopping, dining, and the beach; Located in a quiet neighborhood
    (231) 750-8364
    We can help!
    Listing Contact
    Dodie Stark
    Dodie Stark
    Real Estate License ID: 6502353942
    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!