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

    453 56th Street Grand Junction, MI 49056

    View on Map
    Pending
    $39,900

    LAND - Grand Junction, MI

    Lot size:
    2.00 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 453 56th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    031202102600
    Lot size
    2.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    THE N 2 ACRES OF THE N 1/5 OF THE SW 1/4 SW 1/4 SEC 21 T1N R15W TAX MAP: 2 AC
    TaxAnnualAmount
    950

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Robert Stogsdill
    Robert Stogsdill

    Listing agent Robert Stogsdill License #6501260381

    Listing office Success Realty West Michigan 741 Kenmoor Ave SE Suite C, Grand Rapids, MI

    Listing date Nov 3, 2025

    MLS# 25056601 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

    Vacant Lot in Grand Junction

    This vacant lot, located in Grand Junction, Michigan, offers 2 acres of land. The property includes utilities that have already been run to the site. A pole building is situated at the back of the cleared area. According to the provided information, this property is eligible under the Freddie Mac First Look Initiative through December 3, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.089858
    Latitude
    42.4512739

    Nearby Similar for Sale

    • $150,000

      Saddle Lake Waterfront Land

      8.5+ acre waterfront property on all-sports Saddle Lake.
      51957 Silver Lake Road, Grand Junction, MI 49056
      View Details
    • $50,000

      Wooded Land in Grand Junction

      1.4 acres of wooded land in a rural setting.
      5341 Baseline Road, Grand Junction, MI 49056
      View Details
    • $10,000

      Wooded Lot Near Grand Junction

      Wooded, buildable lot with electric service near South Haven.
      50519 County Road 388, Grand Junction, MI 49056
      View Details
    • $275,000

      Grand Junction Land with Acreage

      Private forty-acre parcel near Kal Haven Trail and Lake Michigan.
      02533 53rd Street, Grand Junction, MI 49056
      View Details
    • $34,900

      Wooded Lot Near South Haven

      Wooded 1.6-acre lot near beaches and shopping.
      Parcel C 16th Avenue, Grand Junction, MI 49056
      View Details
    • $175,000

      Grand Junction Land with Blueberries

      20-acre Grand Junction land featuring blueberry farm and wooded area.
      6892 56th Street, Grand Junction, MI 49056
      View Details
    • $45,000

      Grand Junction Acreage for Sale

      3.87-acre parcel with open land and wooded areas.
      VL 3.87ac. 24th Avenue, Grand Junction, MI 49056
      View Details
    • $18,500

      Wooded Lot Near Inland Lakes

      Wooded 0.82 acre lot near public lake access.
      VL 8th Avenue, Grand Junction, MI 49056
      View Details
    • $125,000

      Grand Junction Land Parcel

      5.61 acre parcel near Lake Michigan with development potential.
      59070 Benny Ct unit: Parcel 6, Grand Junction, MI 49056
      View Details
    • $45,000

      Grand Junction Land Parcel

      Spacious 3.15-acre parcel near Lake Michigan lakeshore.
      59237 Benny Ct (Private) unit: Parcel 4, Grand Junction, MI 49056
      View Details
    • $110,000

      Grand Junction Land with Creek

      9.01 acre parcel with creek, timber, and wildlife.
      59314 Benny Ct(Private) unit: Parcel 7, Grand Junction, MI 49056
      View Details
    • $85,000

      Grand Junction Land Parcel

      3.09 acre parcel ready for building or recreation.
      59091 Benny Ct unit: Parcel 5, Grand Junction, MI 49056
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land with utilities and pole building in place.
    Where is this commercial land located?
    The property is located at 453 56th Street Grand Junction, MI.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Utilities (Electricity) are already available on the vacant lot.; Pole building located at the back of the cleared area.; Vacant lot is ready for development.
    (616) 485-1617
    We can help!
    Listing Contact
    Robert Stogsdill
    Robert Stogsdill
    Real Estate License ID: 6501260381
    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!