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

    8881 McGregor Road Pinckney, MI 48169

    View on Map
    Picture of Residential land & home lots at 8881 McGregor Road, Pinckney, MI
    For Sale
    $799,000

    Vacant Land - Pinckney, MI

    Lot size:
    0.24 Acres
    Added:
    Nov 1, 2025
    Days on Market:
    153
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 8881 McGregor Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    All Sports Lake
    Standard status
    Active
    APN
    D00401484006
    Lot size
    0.24 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    10577
    Expense value
    400000
    Expense
    Security Deposit
    Expense freq.
    Once

    Utilities

    Water front features
    All Sports Lake, Portage Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Margolis
    Benjamin Margolis

    Listing agent Benjamin Margolis

    Listing office KW Domain 210 S Old Woodward Ave Suite 200, Birmingham, MI

    Listing date Nov 1, 2025

    MLS# 20251050665 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land with Renovation Potential

    This property offers 0.24 acres of residential land with 58 feet of water frontage on Portage Lake. An existing house is present on the lot, requiring renovations and a new roof. Alternatively, the site presents an opportunity to construct a new lake or vacation home with sunset views. The lot is located next to a public launch. The property is located in Pinckney, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinckney
    County
    State
    Michigan
    Longitude
    -83.948
    Latitude
    42.4646

    Nearby Similar for Sale

    • $799,900

      Pinckney Multifamily Investment Opportunity

      Five-unit multifamily property in Pinckney, Michigan, with income potential.
      260 W Unadilla Street, Pinckney, MI 48169
      View Details
    • $400,000
      2,788 SF

      Pinckney Quadruplex with Garage Income

      Four-unit multi-family property with detached garage in Pinckney, Michigan.
      512 E Main Street, Pinckney, MI 48169
      View Details
    • $599,900
      7,000 SF

      Pinckney Commercial Building on Acres

      7,000 Sq. Ft commercial building on 1.65 acres.
      1066 E M 36, Pinckney Village, MI 48169
      View Details
    • $69,999

      Vacant Lot Near Chain Lakes

      0.52-acre vacant lot with lake access and wooded privacy.
      11550 Pulleyblank Drive, Pinckney, MI 48169
      View Details
    • $449,900
      1,453 SF

      Downtown Pinckney Commercial Property

      Commercial property in downtown Pinckney, suitable for various office professions.
      545 E MAIN Street, Pinckney Village, MI 48169
      View Details
    • $19,900

      Land Near Patterson Lake Access

      Two lots near Patterson Lake with recreation area access.
      Oak Vacant Lots, Pinckney, MI 48169
      View Details
    • $799,900

      Pinckney Multifamily Investment Opportunity

      Five-unit multifamily property in Pinckney, Michigan with income potential.
      260 W Unadilla St, Pinckney, MI 48169
      View Details
    • $599,900
      1,260 SF

      Pinckney Village Commercial Property

      Commercial property for sale in Pinckney Village, Michigan.
      509 E MAIN Street, Pinckney Village, MI 48169
      View Details
    • $59,500

      20 Acres Hunting Land

      20 acres of natural hunting land in Pinckney, Michigan.
      VL Hinchey Road, Pinckney, MI 48169
      View Details
    • $79,000

      Lakefront Vacant Land Opportunity

      Vacant lakefront land perfect for building your dream home.
      10350 Half Moon Drive, Pinckney, MI 48169
      View Details
    • $23,000

      Land with Lake Access

      Residential land near Patterson Lake, Pinckney, Michigan.
      11133 Hillside, Pinckney, MI 48169
      View Details
    • $65,000

      Residential Land in Rush Lake Estates

      Vacant land to build your dream home near Rush Lake.
      0000 VAN HORN Drive, Pinckney, MI 48169
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land with existing structure and lake frontage.
    Where is this residential land & home lot located?
    The property is located at 8881 McGregor Road Pinckney, MI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Best sunset view on Portage Lake; 58' of water frontage on Portage Lake; All Sports Lake
    (734) 985-5091
    We can help!
    Listing Contact
    Benjamin Margolis
    Benjamin Margolis
    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!