Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Price Lake Building Site Title is generated by Realmo AI

    48 Napoleon Road, Michigan Center, MI 49254

    View on Map
    Claim this Listing
    For Sale
    $32,000

    LAND - Michigan Center, MI

    Lot size:
    0.53 Acres
    Added:
    Nov 11, 2022
    Days on Market:
    1277
    Last Refresh:
    May 11 at 7:06 pm

    Property Features for 48 Napoleon Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000-14-14-351-048-00
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    UNIT 48 CORONADO SITE CONDOMINIUM SEC 14 T3S R1E
    Tax Annual Amount
    507

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Debra Kruse
    Debra Kruse

    Listing agent Debra Kruse License #6501393103

    Listing office Century 21 Affiliated - Jackson 100 E Michigan Ave Ste 115, Jackson, MI

    Listing date Nov 11, 2022

    MLS# 22047725 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.

    HighLights

    • Lakefront property with association access to Price Lake.
    • Located in the upscale Coronado Estates subdivision.
    • Cleared building site ready for construction.
    • Utilities available at the street: gas, sewer, electric, and cable.
    • Part of the Michigan Center Chain of Lakes, offering recreational boating.
    • Spectacular sunset views.

    Overview

    This 0.53-acre building site is located in Coronado Estates, an upscaled subdivision on Price Lake, part of the Michigan Center Chain of Lakes. The cleared lot is ready for construction and offers lake views and association access to the lake for recreational boating. Utilities including gas, sewer, electric, and cable are available at the street. The location is suitable for building a new home. Association dues are $240.00 per year, plus a road assessment of $760.00 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan Center
    County
    Jackson
    State
    Michigan
    Longitude
    -84.284397
    Latitude
    42.210761

    Nearby Similar for Sale

    • $135,000
      1,547 SF

      Michigan Center Office For Sale

      Commercial office building with 1547 square feet of space.
      4341 Page Avenue, Michigan Center, MI 49254
      View Details
    • $135,000
      1,547 SF

      Income-Producing Commercial Opportunity

      Versatile property with income in a prime location.
      4341 Page Avenue, Michigan Center, MI 49254
      View Details
    • $199,900
      2,268 SF

      Commercial Land Parcel For Sale

      1+ acre commercial parcel with high visibility and access.
      4309 Page Avenue, Michigan Center, MI 49254
      View Details
    • $199,900
      2,268 SF

      Michigan Center Industrial Opportunity

      Industrial property for sale in Michigan Center, Michigan.
      4309 Page Avenue, Michigan Center, MI 49254
      View Details
    • $274,900
      6,056 SF

      Veterinary Hospital with Apartment, Barn

      2.63 acre property with hospital, apartment, and pole barn.
      4946 Page Avenue, Michigan Center, MI 49254
      View Details
    • $274,900
      6,056 SF

      Veterinary Hospital on 2.63 Acres

      Veterinary hospital with apartment and pole barn on 2.63 acres.
      4946 Page Avenue, Michigan Center, MI 49254
      View Details
    • $11,000

      SDM Resort License Opportunity

      SDM Resort License available for transfer within Jackson County.
      Napoleon Road, Michigan Center, MI 49254
      View Details
    • $32,000

      Residential Lot in Michigan Center

      Residential land available in Michigan Center, Michigan.
      48 Napoleon Road, Michigan Center, MI 49254
      View Details
    • $11,000

      Michigan Center Business Opportunity

      Commercial property for sale in Michigan Center, Michigan.
      000 Napoleon Road, Michigan Center, MI 49254
      View Details
    • $11,500

      Residential Lot in Michigan Center

      Residential lot available in Michigan Center, Michigan.
      VL Stillwell Avenue, Michigan Center, MI 49254
      View Details
    • $125,000

      Michigan Center Industrial Land Available

      6.71 acre industrial land for sale in Michigan Center.
      Page Avenue Avenue, Michigan Center, MI 49254
      View Details
    • $11,500

      Buildable Lot in Michigan Center

      0.3-acre lot with potential for building or investment.
      VL Stillwell Avenue, Michigan Center, MI 49254
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building site with lake view and access in upscaled subdivision.
    Where is this residential land & home lot located?
    The property is located at 48 Napoleon Road Michigan Center, MI.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: Lakefront property with association access to Price Lake.; Located in the upscale Coronado Estates subdivision.; Cleared building site ready for construction.
    (517) 581-9505
    We can help!
    Listing Contact
    Debra Kruse
    Debra Kruse
    Real Estate License ID: 6501393103
    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
    48 Napoleon Road, Michigan Center, MI 49254
    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!