Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with River Frontage Title is generated by Realmo AI

    RIVER BEND Drive Lot #5, Concord, MI 49237

    View on Map
    Claim this Listing
    For Sale
    $189,900

    LAND - Concord, MI

    Lot size:
    2.05 Acres
    Added:
    Sep 10, 2022
    Days on Market:
    1351
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for RIVER BEND Drive Lot #5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    070-11-21-426-005-00
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    SEC. 21 T3S R3W
    Tax Annual Amount
    443

    Utilities

    Utilities
    Natural Gas Available
    Water front
    1

    We can help!

    Listing Contact
    JEFF REDMAN
    JEFF REDMAN

    Listing agent JEFF REDMAN License #6501383052

    Listing office Home 1st Real Estate 2600 Airport Rd Ste 200, Jackson, MI

    Listing date Sep 10, 2022

    MLS# 22039175 Listing URL

    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.

    HighLights

    • River frontage on Lot #5.
    • Potential for lower‑level walkout due to gentle slope.
    • Privacy.
    • Opportunity to build a high‑end home in a new, private subdivision.
    • Electric and natural gas hookups available at the front of the lot.
    • Located on the Kalamazoo River, near the Village of Concord.

    Overview

    Available for purchase is a building lot located in the River Bend Drive subdivision, just north of the Village of Concord. This lot, identified as Lot #5, features river frontage on the Kalamazoo River. The property spans 2.05 acres and presents a suitable site for constructing a high-end home within a private subdivision. The lot's topography includes a gentle slope, offering the potential for a lower-level walkout design. Essential utilities, including electric and natural gas hookups, are conveniently located at the front of the lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Concord
    County
    Jackson
    State
    Michigan
    Longitude
    -84.645483
    Latitude
    42.176508

    Nearby Similar for Sale

    • $99,999
      764 SF

      Turnkey Salon in Concord, MI

      Fully equipped salon for sale with flexible purchase options.
      107 Homer Road, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Concord, MI Business Opportunity

      Commercial property in Concord, Michigan, suitable for various business ventures.
      101 Spring Arbor Road, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Concord, MI Retail Opportunity

      Retail property for sale in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $99,999
      764 SF

      Retail Opportunity in Concord, MI

      Retail space available for sale in Concord, Michigan.
      107 Homer Road, Concord, MI 49237
      View Details
    • $359,000

      51.29 Acres of Recreational Land

      51.29 acre parcel perfect for hunting or future development.
      Wheeler Road, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Restored Bank Building in Concord

      Meticulously restored 5,245 SF commercial building in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $310,000
      5,000 SF

      Restored Bank Building For Sale

      Meticulously restored 5000 sq ft building in Concord, MI.
      101 S Main St, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Restaurant Opportunity in Concord, MI

      Updated restaurant building with high traffic and outdoor seating.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $22,000

      Concord Buildable Corner Lot

      0.58 acre corner lot in the heart of Concord.
      Second Street, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Retail Property in Concord, MI

      Retail property for sale in Concord, Michigan, featuring 1800 square feet.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $44,900

      Waterfront Land in Concord, MI

      Waterfront parcel with 250+ feet of frontage.
      River Street, Concord, MI 49237
      View Details
    • $769,999
      9,516 SF

      Concord Multifamily Investment Opportunity

      Multifamily property in Concord, Michigan, ideal for investment.
      190 Maple Street, Concord, MI 49237
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale with river frontage in Concord, MI.
    Where is this residential land & home lot located?
    The property is located at RIVER BEND Drive Lot #5 Concord, MI.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: River frontage on Lot #5.; Potential for lower‑level walkout due to gentle slope.; Privacy.
    (517) 206-6518
    We can help!
    Listing Contact
    JEFF REDMAN
    JEFF REDMAN
    Real Estate License ID: 6501383052
    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
    RIVER BEND Drive Lot #5, Concord, MI 49237
    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!