Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    # 8 MOONEY WAY Kewadin, MI 49648

    View on Map
    Claim this Listing
    For Sale
    $49,900

    land - KEWADIN, MI

    Lot size:
    0.68 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    42
    Last Refresh:
    May 6 at 3:06 am

    Property Features for # 8 MOONEY WAY

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Camille Campbell

    Listing agent Camille Campbell

    Listing office Schmidt Realtors 402 East Front Street, MI

    Listing date Mar 26, 2026

    MLS# 1931839 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.

    Overview

    Golf Course Lot in Kewadin

    This 0.68-acre lot is situated on the 16th hole of the Sundance Golf Course at A-Ga-Ming Golf Resort. Located in a quiet neighborhood between Elk Rapids and Charlevoix, and positioned between Torch Lake and Grand Traverse Bay, this flat parcel features mature hardwood trees. The property is located in Kewadin, Michigan, in Antrim County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Food Market Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Kewadin
    County
    Antrim
    State
    Michigan
    Longitude
    -85.34566
    Latitude
    45.029129

    Nearby Similar for Sale

    • $4,250,000
      92,354 SF

      Kewadin Storage and Service Business

      32-acre property with boat and mini storage, plus equipment.
      13703 Campbell Road, Kewadin, MI 49648
      View Details
    • $52,500

      Wooded Lot Near Torch Lake

      1.07 acre wooded lot near Torch Lake access.
      00 Sugar Bush Road, Kewadin, MI 49648
      View Details
    • $649,900
      2,000 SF

      Elk Lake Market & Gas

      Market and gas station on Elk Lake with waterfront views.
      7262 CAIRN Highway, Milton Township, MI 49648
      View Details
    • $31,500

      Land on Sundance Golf Course

      Condominium building site with short-term rental potential near Torch Lake.
      31 AND 32 OLD ORCHARD TRAIL, KEWADIN, MI 49648
      View Details
    • $59,900

      Wooded Land Near Grand Traverse

      One-acre wooded building site near Grand Traverse Bay.
      #2 ASPEN TRAIL, KEWADIN, MI 49648
      View Details
    • $49,900

      Wooded Land Near Grand Traverse

      Wooded building site near Grand Traverse Bay in Kewadin, MI.
      #12 ASPEN TRAIL, KEWADIN, MI 49648
      View Details
    • $42,500

      Wooded Parcel on Golf Course

      Wooded parcel on A-Ga-Ming's Sundance Golf Course.
      #7 MOONEY WAY, KEWADIN, MI 49648
      View Details
    • $599,900

      Birch Lake Waterfront Land

      6.6 acres with 277 feet of sandy frontage.
      000 Birch Pointe Dr, ElkRapidsTownship_Antrim, MI 49648
      View Details
    • $440,000

      40 Acres Near Torch Lake

      Heavily wooded 40-acre parcel near Torch Lake.
      0000 Hjelte Road, Kewadin, MI 49648
      View Details
    • $49,000

      Commercial Hangar Lot in Kewadin

      Buildable commercial lot with runway access in Torch Lake, Michigan.
      6 Hangar Way, Kewadin, MI 49648
      View Details
    • $85,000

      Residential Land Near Torch Lake

      Vacant land parcel near Torch Lake and A-Ga-Ming golf course.
      1 Fairway Court, Kewadin, MI 49648
      View Details
    • $49,000

      Golf Course Lot in Kewadin

      Vacant land perfect for building a home near Torch Lake.
      Fairway Court, Kewadin, MI 49648
      View Details

    FAQs

    What type of property is this?
    Land - Residential land on A-Ga-Ming Golf Resort's Sundance Golf Course.
    Where is this land located?
    The property is located at # 8 MOONEY WAY Kewadin, MI.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Located on the 16th hole of A‑Ga‑Ming Golf Resorts Sundance Golf Course.; Flat, buildable lot with mature hardwood trees.; Situated in a quiet neighborhood.
    (231) 944-9385
    We can help!
    Listing Contact
    Camille Campbell
    Real Estate License ID: 6501358130
    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

    Thank You for Inquiry
    # 8 MOONEY WAY, KEWADIN, MI 49648
    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!