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    4987 E Manitou Way, Unit 37 Newaygo, MI 49337

    For Sale
    $69,500

    LAND - Newaygo, MI

    Lot size:
    0.70 Acres
    Days on Market:
    227
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 4987 E Manitou Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    622019301037
    Lot size
    0.70 Acres

    Utilities

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

    LAKE & LAND REALTY LLC (616) 863-9935

    Listing agent Christian P Ortwein (616) 437-3884

    Listing date May 2, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Ottawa Pointe

    Ottawa Pointe is a waterfront development located 40 minutes north of Grand Rapids. This property is part of a community featuring mature wooded lots and rolling hills. The development includes a community garden, boardwalk, and over 100 acres of open space with miles of trails. The available land is part of the Ottawa Pointe development on the 177-acre Pettit Lake. The property is a 0.7-acre lot. Ottawa Pointe consists of 41 waterfront sites and 19 non-waterfront sites.
    Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Storage Facility Bar & Pub Convenience Store Daycare Center Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Newaygo
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.677665
    Latitude
    43.417166

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    FAQs

    What type of property is this?
    Land - Premier waterfront development land near Pettit Lake, 40 minutes from Grand Rapids.
    Where is this land located?
    The property is located at 4987 E Manitou Way, Unit 37 Newaygo, MI.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: - Premier waterfront development on Pettit Lake.; - Enjoy access to 177-acre Pettit Lake.; - Over 100 acres of open space with miles of trails.
    (616) 437-3884
    Request Owner's contact information
    4987 E Manitou Way, Unit 37 Newaygo, MI 49337
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    Realmo Value Estimation

    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.

    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.

    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
    4987 E Manitou Way, Unit 37 Newaygo, MI 49337
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