Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Land in Growing Corridor Title is generated by Realmo AI

    5159 Summit Street, Flint, MI 48505

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $65,000

    Real Estate Only - Flint, MI

    Property size:
    111 SF
    Lot size:
    18.66 Acres
    Price / SF:
    $585/SF
    Added:
    Oct 27, 2025
    Days on Market:
    202
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 5159 Summit Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active Under Contract
    APN
    1424400003
    Size
    111 SF
    Lot size
    18.66 Acres

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Rueben T Lothery
    Rueben T Lothery

    Listing agent Rueben T Lothery

    Listing office St Jude Realty 2180 Livernois Rd, Troy, MI

    Listing date Oct 27, 2025

    MLS# 20251049032 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 19‑acre property offers significant development potential.
    • Excellent location with close proximity to I‑475, I‑75, and US‑23 expressways.
    • Flexible zoning allows for diverse development options (residential, senior living, educational, mixed‑use).
    • Suitable for developers, investors, or community visionaries.
    • Ideal for residential community development (single‑family homes, townhouses).
    • Existing brick structure can be repurposed for various uses.

    Overview

    This is a rare opportunity to own nearly 19 acres of versatile land in a highly accessible and growing corridor. The combination of location, zoning flexibility, and size makes this property an exceptional find for developers, investors, or community visionaries. The property is located in Flint, MI. It is close to major expressways including I-475, I-75, and US-23. Development possibilities include a residential community ideal for single-family homes, townhouses, or a mixed residential subdivision. Other potential uses include senior living or an assisted care facility, educational or community redevelopment to repurpose the existing structure for a charter school, training center, or community hub, a public or private campus such as a nonprofit headquarters, wellness center, or youth recreation facility, or a mixed-use opportunity blending residential with light commercial development, subject to township approval. The property size is 111 square feet and the lot size is 18.66 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7004293
    Latitude
    43.0800878

    Nearby Similar for Sale

    • $398,900
      5,100 SF

      Commercial Building on Linden Road

      Commercial building near major highways with existing leases.
      2255 S Linden, Flint, MI 48532
      View Details
    • $450,000
      4,552 SF

      Redevelopment Opportunity in Flint, MI

      4,552 SF commercial building on 1.89 acres for sale.
      5510 Richfield Road, Flint, MI 48506
      View Details
    • $695,000
      9,809 SF

      Fully Leased Office Building

      Pristine office building in prime location with high income.
      5083-5085 Miller, Flint, MI 48507
      View Details
    • $3,500,000
      8,000 SF

      Flint Laundromat and Dry Cleaning Business

      High-volume laundromat and dry cleaning business with real estate included.
      5229 Corunna Road, Flint, MI 48532
      View Details
    • $700,000
      7,959 SF

      Established Barber College in Flint

      Turn-key barber college, ideal for continued educational use.
      3214 Flushing, Flint, MI 48504
      View Details
    • $750,000
      5,109 SF

      Medical Office Building Investment

      Fully leased medical office building near McLaren Hospital.
      3380 Beecher Road, Flint, MI 48532
      View Details
    • $268,000
      3,500 SF

      Flint Commercial/Industrial Opportunity

      3,500 sq ft commercial unit in excellent condition.
      3525 E Court, Flint, MI 48506
      View Details
    • $95,000
      2,800 SF

      Versatile Commercial Building on Corner Lot

      Adaptable 2,800 SF commercial building with high visibility.
      2549 Corunna Road, Flint, MI 48503
      View Details
    • $72,900
      1,014 SF

      Versatile Commercial Building on Fenton

      High-visibility commercial building suitable for various business types.
      3401 Fenton Road, Flint, MI 48507
      View Details
    • $250,000
      2,739 SF

      Historic Building in Flint, MI

      Versatile commercial building with recent renovations and flexible layout.
      1003 Church Street, Flint, MI 48502
      View Details
    • $325,000
      5,742 SF

      Flint Multi-Family Investment Opportunity

      Eight-unit apartment building in Flint, fully rented.
      712 S Grand Traverse, Flint, MI 48502
      View Details
    • $250,000
      8,140 SF

      Restaurant/Retail Opportunity on Dort Highway

      Spacious 8,140 SF building suitable for restaurant or retail use.
      2320 S Dort Highway, Flint, MI 48507
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 18.66 acres of versatile land in Flint, MI for sale.
    Where is this residential land & home lot located?
    The property is located at 5159 Summit Street Flint, MI.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Large 19‑acre property offers significant development potential.; Excellent location with close proximity to I‑475, I‑75, and US‑23 expressways.; Flexible zoning allows for diverse development options (residential, senior living, educational, mixed‑use).
    (248) 680-9011
    We can help!
    Listing Contact
    Rueben T Lothery
    Rueben T Lothery
    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
    5159 Summit Street, Flint, MI 48505
    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!