Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7433 Milan Oakville Road Milan, MI 48160

    View on Map
    For Sale
    $165,000

    LAND - Milan, MI

    Lot size:
    10.89 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    202
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 7433 Milan Oakville Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    T-20-33-300-013
    Lot size
    10.89 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    OWN REQ/SURVEY ****FROM 2033300009 12/07/92 AU 33-14A-1D COM AT CTR OF SEC 33, TH S 89-48-48 W 463 FT TO POB; TH CONT IN SAME LN TO THE W LN OF E 1/2 OF E 1/2 OF SW 1/4 SEC 33, TH SLY ALG SAID W LN 2316.67 FT, TH DEF 89-52-30 L 132 FT, TH DEF 89-52-3 0 R 330 FT TO S SEC LN, TH ELY ALG S SEC LN 66 FT, TH N 0-21-50 W 2647.27 FT TO POB. PT OF SW 1/4 SEC 33 T4S R7E 10.89 AC
    TaxAnnualAmount
    672

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Tamara Culler
    Tamara Culler

    Listing agent Tamara Culler

    Listing office NextHome Roots RE Group 101 W Michigan, Clinton, MI

    Listing date Sep 12, 2025

    MLS# 26003912

    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.

    Overview

    Recreational Land with Camper and Tractor

    This 10.89-acre property, located in Milan, MI, is designed for leisure and recreation. It features a camper with a custom-built structure around it, creating a comfortable retreat space suitable for weekend getaways and gatherings. Several outbuildings offer storage for equipment and outdoor gear. A tractor with trailer, bush hog, and back blade are included to maintain the grounds. The property offers opportunities for bonfires and outdoor activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Big Box & Wholesale Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.609406
    Latitude
    42.08488

    Nearby Similar for Sale

    • $79,900

      Buildable Lot Backing Nature Preserve

      2.53-acre lot backing 680-acre nature preserve with lake access.
      000 Tuttlehill, Milan, MI 48160
      View Details
    • $197,000

      Echo Lake Waterfront Land

      One-acre lakefront lot with 147 feet of sandy frontage.
      9176 Desert Trail Drive, Milan, MI 48160
      View Details
    • $79,900

      2.53 Acre Lot Near Preserve

      2.53 acre lot with access to Crystal Waters Preserve.
      000 Darling Rd, Milan, MI 48160
      View Details
    • $70,000

      Partially Wooded Lot in Milan

      One-acre lot in Milan School District, ready for new construction.
      9665 Carpenter Road, Milan, MI 48160
      View Details
    • $295,000

      Milan Land Ready to Build

      Over 11 acres near Ann Arbor, graded for home placement.
      Crane Road, Milan, MI 48160
      View Details
    • $165,000

      Recreational Land with Custom Structure

      10.89 acres designed for entertainment and relaxation near Milan.
      7433 Milan Oakville Road, Milan, MI 48160
      View Details
    • $400,000

      50 Acres Wooded Land Available

      50 acres of wooded land perfect for building or investment.
      Grames Road, Milan, MI 48160
      View Details
    • $1,300,000
      2,265,120 SF

      Milan, MI Development Opportunity

      47+/- acres with highway frontage in growing Milan, MI.
      1 E Main, Milan, MI 48160
      View Details
    • $235,000

      Milan Duplex Investment Opportunity

      Duplex with two units, close to downtown and restaurants.
      383 Wabash Street, Milan, MI 48160
      View Details
    • $850,000

      Development Land Ready to Build

      Prime development opportunity with approved blueprints and minimal site preparation.
      Crowe Road, Milan, MI 48160
      View Details
    • $369,900

      Agricultural Land Near Milan, MI

      Land for sale near Milan, MI, with commercial potential.
      Oakville Waltz Rd, Milan, MI
      View Details
    • $1,900,000

      Prime Commercial Land Near US-23

      18.53 acre commercial land parcel with US-23 visibility.
      Arkona Road, Milan, MI 48160
      View Details

    FAQs

    What type of property is this?
    Recreation land - 10.89 acres designed for entertainment and relaxation near Milan.
    Where is this recreation land located?
    The property is located at 7433 Milan Oakville Road Milan, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 10.89 acres of land for leisure and recreation; Camper with custom‑built structure for comfortable retreat space; Includes tractor with trailer, bush hog, and back blade for property maintenance
    (734) 476-7132
    We can help!
    Listing Contact
    Tamara Culler
    Tamara Culler
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!