Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wixom Lake Island Opportunity Title is generated by Realmo AI

    4020 Wieman, Beaverton, MI 48612

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Vacant Land - Beaverton, MI

    Lot size:
    5.00 Acres
    Added:
    May 13, 2025
    Days on Market:
    375
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 4020 Wieman

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Other
    Standard status
    Active
    APN
    030-023-203-001-00
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1055.89

    Utilities

    Water front features
    Lake Frontage, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tom Webb
    Tom Webb

    Listing agent Tom Webb License #6502374762

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date May 13, 2025

    MLS# 50178588 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.

    HighLights

    • Rare opportunity to own a private 5‑acre island.
    • Boasting over 2,000 feet of water frontage on Wixom Lake (water to return).
    • Road access via Wieman Road and private culvert/land bridge.
    • Beautifully wooded, offering a natural, park‑like setting and total privacy.
    • Panoramic views in every direction.
    • Located in the Four Lakes Task Force assessment district for Wixom Lake restoration.

    Overview

    This is an approximately 5-acre island property with over 2,000 feet of water frontage on Wixom Lake, which is slated to return in the future. Road access is available via Wieman Road and a private culvert/land bridge. The land is wooded, creating a natural setting that offers privacy. This property is suitable for a waterfront retreat, a rustic cabin, or investment purposes. The parcel is part of the Four Lakes Task Force assessment district related to the Wixom Lake restoration.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Bar & Pub Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Gladwin
    State
    Michigan
    Longitude
    -84.32641
    Latitude
    43.868217

    Nearby Similar for Sale

    • $169,900

      Wixom Lake Waterfront Build-Ready Lot

      80' Wixom Lake lot with seawall and utilities ready.
      Lot 6 Oakridge, Beaverton, MI 48612
      View Details
    • $24,900

      Land in Beaverton, Michigan

      1.06 acres of land with road frontage and electric.
      1652 S Whitney Road, Beaverton, MI 48612
      View Details
    • $399,000
      3,430 SF

      Duplex with Lake Views

      Income-producing duplex on Ross Lake, Beaverton, MI.
      123/125 Pearson, Beaverton, MI 48612
      View Details
    • $21,000

      Wooded Land Near Tittabawassee River

      2.39 acre wooded property near Tittabawassee River.
      3642 Beech, Beaverton, MI 48612
      View Details
    • $8,000

      Beaverton Land Near Wixom Lake

      0.41-acre parcel near Wixom Lake, ideal for recreation or building.
      1090 Frank, Beaverton, MI 48612
      View Details
    • $49,700

      Residential Lot with Garage

      Buildable lot with garage and utilities near lake access.
      4110 Bay View, Beaverton, MI 48612
      View Details
    • $49,700

      Waterfront Lot on Wixom Lake

      Prime waterfront lot with utilities and seawall on Wixom Lake.
      4210 Bay View, Beaverton, MI 48612
      View Details
    • $89,000

      Waterfront Commercial Lot on Ross Lake

      Vacant commercial land with Ross Lake frontage in Beaverton, MI.
      VL lot 1 Pearson, Beaverton, MI 48612
      View Details
    • $179,900
      4,034 SF

      Commercial Property on M-30

      Versatile commercial property on 5.52 acres in Beaverton, MI.
      3481 M-30, Beaverton, MI 48612
      View Details
    • $99,990

      Land with Canal Access

      Land with garage, utilities, and canal access to Wixom Lake.
      336 Twin Lake Road, Tobacco Twp, MI 48612
      View Details
    • $89,000

      Waterfront Commercial Lot on Ross Lake

      Vacant commercial waterfront land in Beaverton, MI on Ross Lake.
      VL Lot 2 Pearson, Beaverton, MI 48612
      View Details
    • $349,900

      68 Acres Vacant Land Parcel

      68-acre vacant land parcel at the corner of M-30.
      60 Estey, Beaverton, MI 48612
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 5-acre island with 2,000+ feet of water frontage.
    Where is this land located?
    The property is located at 4020 Wieman Beaverton, MI.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Rare opportunity to own a private 5‑acre island.; Boasting over 2,000 feet of water frontage on Wixom Lake (water to return).; Road access via Wieman Road and private culvert/land bridge.
    (989) 492-0650
    We can help!
    Listing Contact
    Tom Webb
    Tom Webb
    Real Estate License ID: 6502374762
    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
    4020 Wieman, Beaverton, MI 48612
    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!