62099 M-43, Bangor, MI 49013
LAND - Bangor, MI
- Added:
- Jul 21, 2025
- Days on Market:
- 326
- Last Refresh:
- Jun 11 at 7:06 am
Property Features for 62099 M-43
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 80-04-003-017-15
- Size
- 1,800 SF
- Lot size
- 3.64 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 49-A2 3-2-16 784-24 801-984 *** COM E 1/4 COR; TH N ON E SEC L 1314.30 FT TO E 1/8 POST IN NE 1/4 AND POB; TH N89D51'45'' W ON SD 1/8 L 528.72 FT; TH N71D39'06'' E 520.19 FT TO CL OF MONROE RD NKA M43 HWY; TH S59D43'42'' E ON SD CL 429.56 FT TO SD E SEC L; TH S 280.42 FT ON SAME TO POB. *** SPLIT ON 01/25/2021 FROM 80-04-003-017-00; FOR 2021
- Tax Annual Amount
- 590
Utilities
- Utilities
- Cable Available
Listing agent Chris Speer (269) 779-5031
Listing office eXp Realty LLC 39555 Orchard Hill Pl, Ste 600, Novi, MI (269) 600-4397
Listing date Jul 21, 2025
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.
HighLights
- 3.6‑acre property with flexible commercial/residential zoning.
- Prime exposure on high‑traffic M‑43 corridor.
- 1,800 sq ft pole barn designed for retail/small business use.
- Large parking lot suitable for customers or equipment.
- 2 acres of producing blueberry bushes for hobby farming or income.
- Close to downtown Bangor, South Haven, and Lake Michigan.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $15.48 |
| − Vacancy | −$1.2k | −$0.65 |
| EGI | $26.7k | $14.83 |
| − OpEx | −$8.0k | −$4.45 |
| NOI | $18.7k | $10.38 |
Alternative Uses
Current Use by Public Records
Map
- City
- Bangor
- County
- Van Buren
- State
- Michigan
- Longitude
- -86.149454
- Latitude
- 42.328024
