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

    TBD Mrs Reddings Trail Beaver Island, MI 49782

    View on Map
    For Sale
    $225,000

    Vacant Lot/Land - Beaver Island, MI

    Lot size:
    3.30 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    211
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for TBD Mrs Reddings Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential,Platted Subdivision
    Exterior features
    None, Bay View
    Standard status
    Active
    Lot size
    3.30 Acres

    Utilities

    Water front features
    Great Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sheri Richards
    Sheri Richards

    Listing agent Sheri Richards

    Listing office Five Star Real Estate 37615 King's Highway, Beaver Island, MI

    Listing date Sep 3, 2025

    MLS# 1938360 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bay Front Property on Beaver Island

    This bay front property is located just south of Left's Point. The 3.3-acre lot is covered in pines and hardwoods, featuring a slow rise from the waterfront to a dune overlooking the bay, offering sunset views. The property includes old-growth trees, a vernal pond, multiple dune plateaus, and a beach suitable for beach combing and enjoying sunsets. Electric service is available at the road. As part of a bird sanctuary, the lot provides opportunities for bird enthusiasts. The water is clear and shallow for a long distance, with a gradual depth suitable for swimming. The property is zoned for residential use and is part of a platted subdivision.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Beaver Island
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.5518
    Latitude
    45.6554

    Nearby Similar for Sale

    • $45,000

      Beaver Island Vacant Land

      Serene woodland retreat near Lake Michigan with recreational opportunities.
      TBD East Side Drive, Beaver Island, MI 49782-0000
      View Details
    • $275,000

      Lake Michigan Frontage Land

      2.5 acre lot with 225' of private beach.
      32010 Mrs Reddings Trail, Beaver Island, MI 49782
      View Details
    • $2,400,000
      7,748 SF

      Beaver Island Bar and Restaurant

      Established bar and restaurant with apartment on Beaver Island.
      26251 Main Street, Beaver Island, MI 49782
      View Details
    • $37,500

      One Acre Vacant Lot

      One acre lot near golf course with lake access.
      TBD East Side Drive, Beaver Island, MI 49782-0000
      View Details
    • $150,000

      Lakefront Land on Beaver Island

      Three lakefront lots on Beaver Island's Hemlock Point.
      TBD Whitetail Trail, Beaver Island, MI 49782-0000
      View Details
    • $229,900

      Beaver Island Land with Lakefront

      12 acres of pristine land with Lake Michigan frontage.
      V/L E Side Drive, Beaver Island, MI 49782
      View Details
    • $70,000

      Beaver Island Land Opportunity

      12+ acres of land near beaches and campground.
      V/L E Side Drive, Beaver Island, MI 49782
      View Details
    • $78,000

      Waterfront Lot on Beaver Island

      1.5 acres with 125' Lake Michigan frontage.
      TBD East Side Drive, Beaver Island, MI 49782
      View Details
    • $20,000

      Land Near Font Lake

      Building lot near Font Lake with recreational opportunities and amenities.
      Tamarack Trail lot: 749, Beaver Island, MI 49782
      View Details
    • $25,000

      Vacant Land Near Lake Michigan

      Two lots near Kuebler Trail and Lake Michigan access.
      TBD Allens Lakeview, Beaver Island, MI 49782-0000
      View Details
    • $80,000

      Beaver Island Vacant Woodland Lot

      20-acre wooded lot near Miller's Marsh and Iron Ore Bay.
      TBD West Side Drive, Beaver Island, MI 49782
      View Details
    • $97,500

      Woodland Lot with Private Beach

      Half-acre wooded lot with 85' private Lake Michigan beach.
      TBD Island Woods Road, Beaver Island, MI 49782
      View Details

    FAQs

    What type of property is this?
    Land - Gorgeous bay front property with sunset views on Beaver Island.
    Where is this land located?
    The property is located at TBD Mrs Reddings Trail Beaver Island, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Bay front property with sunset views.; Deep lot with mature pines and hardwoods.; Waterfront with clear, shallow water ideal for swimming.
    (231) 675-6717
    We can help!
    Listing Contact
    Sheri Richards
    Sheri Richards
    Real Estate License ID: 6506046695
    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!