Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    CR 673 Lawrence, MI 49064

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $197,900

    LAND - Lawrence, MI

    Lot size:
    28.91 Acres
    Added:
    Apr 26, 2025
    Days on Market:
    357
    Last Refresh:
    Apr 17 at 7:06 pm

    Property Features for CR 673

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    801300301810
    Lot size
    28.91 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM AT NE COR OF SEC, TH N 89 DEG 50'30'' W ALG N SEC L 495.O FT TO W L OF E 30 RODS OF NE FR 1/4 AND BEG, TH S 0 DEG 22' 49'' E ALG SAID W L 2779.57 FT TO E & W 1/4 L, TH N 89 DEG 45' 53'' W ALG SAID 1/4 L 498.12 FT TO W L OF W 34 ACRES OF E 65.23 ACRES OF NE FR 1/4, TH N 0 DEG 16'55'' W ALG SAID W L 2468.10 FT TO A POINT S 0 DEG 16'55''E 310.47 FT FROM N SEC L ,TH N 85 DEG 00' 0 '' E 425.24INCOM
    Tax Annual Amount
    2088

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Charles Dusek

    Listing agent Charles Dusek License #6502137771

    Listing office Brush Creek Real Estate LLC 64060 62nd St., Hartford, MI

    Listing date Apr 26, 2025

    MLS# 25017972 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.

    Overview

    Lawrence, MI Land For Sale

    This 28.91-acre property is located in Lawrence, Michigan. The rolling land features woods and is home to deer and other wildlife. It is suitable for building a home. The property is located in Van Buren County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Lawrence
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.034782
    Latitude
    42.24339

    Nearby Similar for Sale

    • $275,000
      2,450 SF

      Turn-Key Restaurant Opportunity

      Updated restaurant building with equipment in Lawrence, Michigan.
      105 N Paw Paw Street, Lawrence, MI 49064
      View Details
    • $385,000

      Fully Rented Four-Unit Complex

      Four-unit complex near lakes with recent updates and income potential.
      46131 S Lakeshore Drive, Lawrence, MI 49064
      View Details
    • $335,000

      Lawrence, MI Commercial Land

      13-acre commercial land near I-94, suitable for various developments.
      S Paw Paw St., Lawrence, MI 49064
      View Details
    • $14,000

      Wooded Land Near Hall Lake

      Secluded, wooded 1.07-acre parcel near Hall Lake boat access.
      57653 Red Arrow Highway, Lawrence, MI 49064
      View Details
    • $124,900

      Lawrence, MI Buildable Land Parcel

      18.77-acre tillable land with wildlife, buildable in Van Buren County.
      V/L 48th Avenue, Lawrence, MI 49064
      View Details
    • $85,000

      Lawrence, MI Commercial Land

      Affordable commercial land with I-94 access and seller financing.
      Lawrence, MI 49064
      View Details
    • $63,032
      164,657 SF

      Lawrence, MI Commercial Land Available

      Commercial land available for sale in Lawrence, Michigan.
      Crandall Parkway 19, Lawrence, MI 49064
      View Details
    • $62,000
      135,036 SF

      Lawrence, MI Commercial Land Available

      Commercial land available in Lawrence, Michigan. 135,036 SF lot.
      Crandall Parkway 22, Lawrence, MI 49064
      View Details
    • $53,353
      118,048 SF

      Lawrence, MI Commercial Land Available

      Commercial land available in Lawrence, MI, with 118048 SF.
      Crandall Parkway 26, Lawrence, MI 49064
      View Details
    • $57,000
      124,146 SF

      Lawrence, MI Commercial Land Parcel

      Large commercial land parcel available in Lawrence, Michigan.
      Crandall Parkway 15, Lawrence, MI 49064
      View Details
    • $128,100
      212,573 SF

      Lawrence, MI Land Available

      Commercial land available in Lawrence, Michigan. 212573 square feet.
      Crandall Parkway 8, Lawrence, MI 49064
      View Details
    • $57,800
      125,888 SF

      Lawrence, MI Commercial Land Parcel

      Large commercial land parcel available in Lawrence, Michigan.
      Crandall Parkway 17, Lawrence, MI 49064
      View Details

    FAQs

    What type of property is this?
    Recreation land - 28.91 acre rolling wooded property in Lawrence, Michigan.
    Where is this recreation land located?
    The property is located at CR 673 Lawrence, MI.
    What is the asking price?
    The asking price for this property is $197,900.
    What are key features of this property?
    This property features: Rolling property with woods.; Abundant deer and wildlife.; Nice home site.
    (269) 539-1555
    We can help!
    Listing Contact
    Charles Dusek
    Real Estate License ID: 6502137771
    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!