Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in The Creeks Title is generated by Realmo AI

    59 CREEK DRIVE, Hart, MI 49420

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    land - HART, MI

    Lot size:
    0.54 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    144
    Last Refresh:
    May 29 at 9:06 pm

    Property Features for 59 CREEK DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.54 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sue Payne
    Sue Payne

    Listing agent Sue Payne

    Listing office Hart 2332 North Comfort Drive, MI

    Listing date Jan 5, 2026

    MLS# 26000347 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over half an acre building site in The Creeks development.
    • Association provides road, driveway, and lawn maintenance.
    • Served by city water and sewer, natural gas, cable, and high‑speed internet.
    • Surrounded by woods and framed by Russel Creek and the Hart Montague Rail Trail.
    • Close proximity to Hart Lake, Lake Michigan beaches, sunsets, and sand dunes (within 11 miles).
    • Located in the City of Hart, offering a sense of community with downtown shops, restaurants, and events.

    Overview

    This residential building site, spanning over half an acre, is located within The Creeks development. The property is suitable for single-family residential construction. It benefits from paved road access and is serviced by city water and sewer, natural gas, cable, and high-speed internet. The association provides road, driveway, and lawn maintenance. The development is surrounded by woods and bordered by Russel Creek and the Hart Montague Rail Trail. Located in the City of Hart, the property offers access to downtown shops and restaurants, as well as community events. Hart Lake provides opportunities for boating and fishing, with Lake Michigan beaches, sunsets, and sand dunes located within 11 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hart
    County
    Oceana
    State
    Michigan
    Longitude
    -86.3675545
    Latitude
    43.6930955

    Nearby Similar for Sale

    • $499,000
      4,290 SF

      Turnkey Bar in Downtown Hart

      Fully equipped bar with liquor license in prime location.
      211 E Main Street, Hart, MI 49420
      View Details
    • $199,000
      5,654 SF

      Historic Building in Downtown Hart

      Grand building with development potential in a high-exposure location.
      109 Washington Street, Hart, MI 49420
      View Details
    • $415,000
      5,360 SF

      Hart Commercial Property on Polk

      Commercial property with showroom and multiple use building on 2.5 acres.
      5140 W Polk Road, Hart, MI 49420
      View Details
    • $350,000
      2,300 SF

      Historical Building in Hart, MI

      Historical building with unique architectural features and potential uses.
      113 Washington Street, Hart, MI 49420
      View Details
    • $85,900

      Hart, MI Commercial Land

      Highly visible commercial land with B-2 zoning in Hart, MI.
      S State Street, Hart, MI 49420
      View Details
    • $110,000
      1,250 SF

      New Storage Units Near US-31

      Newly built storage units near US-31 and Silver Lake.
      2440 N 64th Avenue, Hart, MI 49420
      View Details
    • $125,000
      1,250 SF

      New Storage Units Near US-31

      Newly built storage units near US-31 and Silver Lake.
      2440 N 64TH AVENUE, HART, MI 49420
      View Details
    • $110,000
      1,250 SF

      New Storage Units For Sale

      New storage units near US-31 and Silver Lake Sand Dunes.
      2440 N 64TH AVENUE, HART, MI 49420
      View Details
    • $110,000
      1,250 SF

      New Storage Units Near US-31

      New storage units near US-31 and Silver Lake.
      2440 N 64th Avenue, Hart, MI 49420
      View Details
    • $120,000
      1,250 SF

      New Storage Units For Sale

      Newly built storage units near US-31 and Silver Lake.
      2440 N 64th Avenue, Hart, MI 49420
      View Details
    • $110,000
      1,250 SF

      New Storage Units For Sale

      Newly built storage units near US-31 and Silver Lake.
      2440 N 64TH AVENUE, HART, MI 49420
      View Details
    • $120,000
      1,250 SF

      New Storage Units Near US-31

      Newly built storage units near US-31 and Silver Lake.
      2440 N 64TH AVENUE, HART, MI 49420
      View Details

    FAQs

    What type of property is this?
    Land - Residential building site with utilities and maintenance included.
    Where is this land located?
    The property is located at 59 CREEK DRIVE Hart, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Over half an acre building site in The Creeks development.; Association provides road, driveway, and lawn maintenance.; Served by city water and sewer, natural gas, cable, and high‑speed internet.
    (231) 730-8195
    We can help!
    Listing Contact
    Sue Payne
    Sue Payne
    Real Estate License ID: 6502361706
    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
    59 CREEK DRIVE, HART, MI 49420
    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!