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

    963 FF Top O' the Lake Gulliver, MI 49840

    View on Map
    For Sale
    $1,900,000

    Vacant Land - Gulliver, MI

    Lot size:
    23.89 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 963 FF Top O' the Lake

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    Part of 001-013-002-00
    Lot size
    23.89 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Beach Front, Lake Frontage, All Sports Lake, Great Lake, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DAVID MUXLOW
    DAVID MUXLOW

    Listing agent DAVID MUXLOW

    Listing office GROVER REAL ESTATE 771 East Lakeshore Drive, Manistique, MI

    Listing date Mar 3, 2026

    MLS# 50200597 Listing URL

    Copyright © 2026 Upper Peninsula Association of 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

    Lake Michigan Waterfront Land Parcel

    This 23.89-acre parcel features 963 feet of private, sandy beach along Lake Michigan. Situated on a quiet private road that serves a limited number of high-value properties, the land offers privacy and is suitable for construction. The property includes mature oak, red pine, and white pine trees, gentle contours, and a wide opening to the lake. It is suitable for a cottage, year-round home, or waterfront getaway. This property provides an opportunity to own Great Lakes frontage with a parcel size suitable for a private building site.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Gulliver
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.0091
    Latitude
    46.1167

    Nearby Similar for Sale

    • $45,000

      Gulliver Land Parcel on US-2

      10.11 acre parcel with highway access and flexible zoning.
      US 2, Gulliver, MI 49840
      View Details
    • $599,000
      7,671 SF

      Highway Frontage Commercial Land Opportunity

      Over 100 acres with highway access and business-ready amenities.
      1622 W US Hwy 2, Gulliver, MI 49840
      View Details
    • $59,900

      Gulliver Vacant Land For Sale

      10.57 acres of vacant land with highway access.
      2420 W US2, Gulliver, MI 49840
      View Details
    • $825,000

      Waterfront Land with Sandy Beach

      4.47 acres with 437' frontage, privacy, and mature forest.
      Parcel C 437' on Top O' the Lake, Gulliver, MI 49840
      View Details
    • $35,000

      Gulliver Land Parcel on US2

      10.88 acre parcel on US Highway 2 in Gulliver, MI.
      0 US2, Gulliver, MI 49840
      View Details
    • $950,000

      Gulliver Land with Lake Michigan Frontage

      10+ acre parcel with 463' of private Lake Michigan beach.
      463 FF Top O' the Lake, Gulliver, MI 49840
      View Details
    • $725,000

      Waterfront Land with Sugar Sand

      43-acre waterfront parcel with 403' frontage and sugar sand.
      Parcel E 403' on Top O' Lake, Gulliver, MI 49840
      View Details
    • $89,000

      80 Acres of Wooded Land

      80-acre wooded parcel near Gulliver, MI with road frontage.
      W 80 Acres River, Gulliver, MI 49840
      View Details
    • $69,000

      Gulliver Vacant Land For Sale

      19+ acres of land near Manistique, great for homesteading.
      TBD Pawley, Gulliver, MI 49840
      View Details
    • $350,000

      Large Vacant Land in Gulliver

      412 acres of land with extensive road frontage.
      412 Acres River, Gulliver, MI 49840
      View Details
    • $7,700,000

      Lake Michigan Shoreline Estate

      120-acre estate with 4,264 feet of Lake Michigan frontage.
      4264 FF Top O' the Lake, Gulliver, MI 49840
      View Details
    • $2,700,000

      Lake Michigan Waterfront Land

      47 acres with 1,396 feet of Lake Michigan frontage.
      1396 FF Top O' the Lake, Gulliver, MI 49840
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 23.89 acre parcel with 963' of private beach.
    Where is this waterfront land located?
    The property is located at 963 FF Top O' the Lake Gulliver, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 963' of private, walk‑in‑the‑sand beach on Lake Michigan.; 23.89 acre parcel size, offering privacy and a secure building site.; Located on a quiet private road with few other properties.
    (906) 450-0184
    We can help!
    Listing Contact
    DAVID MUXLOW
    DAVID MUXLOW
    Real Estate License ID: UPAR
    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!