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    5235 Greenwood Rd Alger, MI 48756

    For Sale
    $45,000

    Vacant Land - Alger, MI

    Lot size:
    1.33 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 5235 Greenwood Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    010-260-006-00
    Lot size
    1.33 Acres

    Building Details

    Architectural style
    Other

    Century 21 Signature Realty (989) 921-7000 [email protected]

    Listing agent Connie Allen (989) 686-4500 License #6501278861

    Listing date Sep 22, 2025

    MLS# 50189176 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Buildable Lots Near Recreation

    This 1.33-acre parcel in Alger, MI, features six adjoining buildable lots, each measuring 50x200. The property includes two wells and possible septic systems. Electricity is available at the road. Partial clearing has already been completed. Situated near public parks, multiple lakes, and year-round recreation, the land offers potential for commercial ventures, rental units, or future investment. Located on Greenwood Road, the property presents a chance to secure a sizable piece of land in Northern Michigan.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Pharmacy Hotel & Motel Food Market Grocery Store Convenience Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Alger
    County
    Arenac
    State
    Michigan
    Longitude
    -84.064232
    Latitude
    44.183191

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    FAQs

    What type of property is this?
    Land - 1.33 acres with wells and septic near parks and lakes.
    Where is this land located?
    The property is located at 5235 Greenwood Rd Alger, MI.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Six buildable lots on 1.33 acres offer development potential.; - Includes two wells and possible septic.; - Electricity available at the road.
    (989) 686-4500
    Request Owner's contact information
    5235 Greenwood Rd Alger, MI 48756
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    Alger, MI 48756
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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
    5235 Greenwood Rd Alger, MI 48756
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