Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    56Th St Fennville, MI 49408

    Sponsored
    For Sale
    Pending
    $348,900

    LAND - Fennville, MI

    Lot size:
    21.80 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 28 at 12:06 am

    Property Features for 56Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    14-033-006-00
    Lot size
    21.80 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Taressa L Sprick
    Taressa L Sprick

    @HomeRealty (616) 250-1412

    Listing agent Taressa L Sprick (616) 796-9696

    Listing date Jan 6, 2026

    MLS# 25052587 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    21.8-Acre Wooded Parcel in Fennville

    This 21.8-acre wooded parcel offers privacy and is located minutes from downtown Fennville, providing access to wineries, restaurants, beaches, and Hutchins Lake. The property has 66 feet of road frontage and is zoned R-2. Natural gas and city water are available in the road. The property has been perked and offers development possibilities, including a private estate or a small residential development. A private road will be required for access. The land is located in Southwest Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fennville
    County
    Allegan
    State
    Michigan
    Longitude
    -86.093148
    Latitude
    42.605967

    Nearby Similar for Sale

    • $259,900
      Pending

      Fennville Commercial Building For Sale

      3,264 sq ft building with potential for various uses.
      Fennville, MI 49408
      View Details
    • $449,999
      5,280 SF

      Fennville Commercial Building with Patio

      Versatile commercial building in downtown Fennville with development potential.
      205 W Main St, Fennville, MI 49408
      View Details
    • $299,900
      3 SF

      Unique Building with Redevelopment Potential

      3,264 SF building suitable for residential or commercial redevelopment.
      2449 54Th St, Fennville, MI 49408
      View Details
    • $110,000
      Pending

      Fennville Land with Apple Trees

      9+ acre parcel with potential and apple trees in Fennville.
      66Th St, Fennville, MI 49408
      View Details
    • $495,000

      Saugatuck Area Versatile Property

      0.982-acre parcel with 2,073 SF building near I-196.
      2790 Blue Star Hwy, Fennville, MI 49408
      View Details
    • $400,000
      7,131 SF

      Fennville Auto Shop - Great Potential

      Established auto shop, redevelopment opportunity.
      120 Main St, Fennville, MI 49408
      View Details

    FAQs

    What type of property is this?
    Land - 21.8-acre wooded parcel near downtown Fennville, wineries, and beaches.
    Where is this land located?
    The property is located at 56Th St Fennville, MI.
    What is the asking price?
    The asking price for this property is $348,900.
    What are key features of this property?
    This property features: - Large 21.8-acre wooded parcel offering privacy and seclusion.; - Located minutes from downtown Fennville, wineries, restaurants, beaches, and Hutchins Lake.; - Flexible R-2 zoning allows for a private estate or small residential development.
    (616) 218-9026
    Request Owner's contact information
    56Th St Fennville, MI 49408
    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.
    56Th St
    Fennville, MI 49408
    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
    56Th St Fennville, MI 49408
    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
    Taressa L Sprick
    Taressa L Sprick
    Real Estate License ID: 6501278821
    (616) 218-9026
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.