Hunting Land with Pole
For Sale
$449,000
5515 E M 113, Kingsley, MI 49649
LAND - Kingsley, MI
Property Size3,384 SF
Lot Size10.00 Acres
Price / SF$132.68
Days on Market70
Property Features for 5515 E M 113
General Information
Property type
Land
Property subtype
Other
Zoning description
AG
Lot features
Buildable, Recreational
Elementary school district
Kingsley
Middle school district
Kingsley
High school district
Kingsley
Standard status
Active
APN
10-001-012-20
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 10 AC OF S 1/2 OF SE 1/4 SEC 1 T25N R10W
Tax Annual Amount
1698
Legal Description
W 10 AC OF S 1/2 OF SE 1/4 SEC 1 T25N R10W
Utilities
Utilities
Electricity Available
Water source
Well
Listing Agency:
Anchor Realty LLC
(616) 698-7890
Listed By:
Nicholas McAnallen · License #6501415400
(616) 216-4444
Added: Jun 13
Last Checked: Aug 21 at 5:06PM
MLS# 26029213
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.
Investment Insights
Based on property information with market context.
Offered for sale is a 10-acre hunting and recreation property in Paradise Township featuring a mix of open agricultural ground and mature woods, with varied terrain intended for wildlife use as described in the listing. The parcel is zoned Agricultural and is laid out with approximately 330 feet by 1,320 feet of dimensions, providing space to tailor the property to your plans. A substantial 3,384 square foot pole barn was built in 2006 and includes 16-foot ceilings, offering practical storage or workshop capability, and a sandpoint shallow well is already in place.
The land is located at 5515 E M 113 in Kingsley, Michigan, within Grand Traverse County. The property is being marketed as having natural travel corridors and bedding areas, and the remarks also reference creek frontage nearby.
For buyers looking for an outdoor-focused retreat, the combination of wooded habitat and open areas supports seasonal hunting and general recreation, while the included outbuilding can support gear storage, equipment parking, or light work space. The agricultural zoning and defined parcel dimensions may also appeal to buyers who want room to modify, expand, or customize the site while keeping it aligned with the existing land classification.
The land is located at 5515 E M 113 in Kingsley, Michigan, within Grand Traverse County. The property is being marketed as having natural travel corridors and bedding areas, and the remarks also reference creek frontage nearby.
For buyers looking for an outdoor-focused retreat, the combination of wooded habitat and open areas supports seasonal hunting and general recreation, while the included outbuilding can support gear storage, equipment parking, or light work space. The agricultural zoning and defined parcel dimensions may also appeal to buyers who want room to modify, expand, or customize the site while keeping it aligned with the existing land classification.
Key Highlights
- 10‑acre recreational and hunting property in Paradise Township with open agricultural land and mature woods
- Zoned Agricultural with approx. 330 ft by 1,320 ft parcel dimensions
- 3,384 sq. ft. pole barn built in 2006 with 16‑foot ceilings for storage or workshop space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,930
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,600
$538.6K
Cap Rate 7%
$384,714
$384.7K
Cap Rate 9%
$299,222
$299.2K
Market Conditions
NOI Build-Up for 3,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.7K $9.96/SF
− Vacancy
−$2.0K −$0.60/SF
EGI
$31.7K $9.36/SF
− OpEx
−$4.8K −$1.40/SF
NOI
$26.9K $7.96/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,600
Cap Rate 7%
$384,714
Cap Rate 9%
$299,222
Alternative Uses
Best Use
Warehouse
$384.7K
$336.6K – $448.8K
NOI $26,930 @ 7.0% cap · market cap 6.00%
Second Best
Industrial
$281.7K
$246.5K – $328.7K
NOI $19,720 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$735.1K
$643.2K – $857.6K
NOI $51,458 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 49649, MI
6,919
Population
2,639
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
93%
High-School Grad
110.5 sq mi
ZIP Area
63
Density / Sq Mi
$73,021
Median Household Income
$37,001
Median Earnings
$1,041
Median Rent
$246,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hunting land - A 10-acre agricultural parcel with mature woods and a 2006 pole barn for versatile outdoor recreation and storage.
Where is this hunting land located?
The property is located at 5515 E M 113 Kingsley, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 10‑acre recreational and hunting property in Paradise Township with open agricultural land and mature woods; Zoned Agricultural with approx. 330 ft by 1,320 ft parcel dimensions; 3,384 sq. ft. pole barn built in 2006 with 16‑foot ceilings for storage or workshop space
