Sign Up Successful!
You now have access to more from Realmo!
    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

    5 Sturgis Rd, Unit 002-018-000-280-05 Atlanta, MI 49709

    Sponsored
    For Sale
    $52,900

    LAND - Atlanta, MI

    Lot size:
    7.90 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 20 at 5:06 am

    Property Features for 5 Sturgis Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    002-018-000-280-05
    Lot size
    7.90 Acres

    We can help!

    Listing Contact
    Diane L McMurphy

    United Country Great Lakes Realty & Auction (989) 785-3661

    Listing agent Diane L McMurphy (989) 785-3661

    Listing date Feb 12, 2026

    MLS# 201838363 Listing URL

    Copyright © 2026 Water Wonderland Board 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.

    Learn more

    Property Insight Report

    Overview

    7.9 Acres Buildable Land Parcel

    This 7.9-acre buildable parcel is located in Avery Township. Electric and natural gas will be available soon, with costs covered by the seller. Access is provided via a private road. The seller, a licensed builder, offers plans for a cabin or a 3-bedroom, 2-bath home; buyers may also bring their own plans. State land is located directly across the street, with ORV trails nearby and trail access just down the road. This location offers privacy, recreation, and convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Montmorency
    State
    Michigan
    Longitude
    -84.11322
    Latitude
    44.98703

    Nearby Similar for Sale

    • $569,000

      Established Atlanta Motel Complex For Sale

      Profitable motel with income growth potential in thriving Atlanta community.
      12520 State St, Atlanta, MI 49709
      View Details
    • $129,000
      3,000 SF

      Commercial Property with M-32 Frontage

      Renovated commercial property with office and heated warehouse space.
      12250 M-32, Atlanta, MI 49709
      View Details
    • $60,000

      Waterfront Lot in Atlanta MI

      Cleared waterfront lot with frontage on Thunder Bay River.
      10780 Kenny Ln, Atlanta, MI 49709
      View Details
    • $159,000
      1,888 SF

      Two Unit Investment Opportunity

      Two properties with rental history and separate utilities.
      9425/9437 Co Rd, Atlanta, MI 49709
      View Details
    • $320,000
      9,200 SF

      High-Traffic Storage Facility Investment

      Profitable 42-unit storage facility in Atlanta, MI.
      12826 North Trl, Atlanta, MI 49709
      View Details
    • $135,000
      1,800 SF

      Prime Retail Space in Atlanta, MI

      Turnkey Retail Business, Main Street Location
      12430 State St, Atlanta, MI 49709
      View Details
    • $199,900
      6,580 SF

      Prime Retail Space, Atlanta, MI

      High-traffic location, 6,580 sq ft.
      12374 State St, Atlanta, MI 49709
      View Details
    • $569,000

      Atlanta Motel Complex: Great Investment

      Established motel, high returns, growth potential.
      12520 State St, Atlanta, MI 49709
      View Details
    • $569,000
      0.64 Acres

      Atlanta Motel: 14 Units

      Established motel, high occupancy, great location.
      12520 State St, Atlanta, MI 49709
      View Details
    • $274,900
      6,580 SF

      Atlanta Storefront - Turnkey Opportunity

      6,580 SF Retail Space, High Traffic Area
      12374 State St, Atlanta, MI 49709
      View Details

    FAQs

    What type of property is this?
    Land - Buildable land parcel near downtown Atlanta, Michigan.
    Where is this land located?
    The property is located at 5 Sturgis Rd, Unit 002-018-000-280-05 Atlanta, MI.
    What is the asking price?
    The asking price for this property is $52,900.
    What are key features of this property?
    This property features: - 7.9-acre buildable parcel close to downtown Atlanta.; - Electric and natural gas availability paid for by the seller.; - Seller offers cabin or 3-bedroom, 2-bath home plans.
    (989) 306-0372
    Request Owner's contact information
    5 Sturgis Rd, Unit 002-018-000-280-05 Atlanta, MI 49709
    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.
    5 Sturgis Rd, Unit 002-018-000-280-05
    Atlanta, MI 49709
    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
    5 Sturgis Rd, Unit 002-018-000-280-05 Atlanta, MI 49709
    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

    We can help!
    Listing Contact
    Diane L McMurphy
    (989) 306-0372 (989) 785-3661
    Learn more
    Google sign-in failed. Please try again or use another login method.