Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    x E Greenwood Prescott, MI 48756

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Vacant Land - Prescott, MI

    Lot size:
    0.65 Acres
    Added:
    Sep 20, 2025
    Days on Market:
    230
    Last Refresh:
    May 7 at 3:06 pm

    Property Features for x E Greenwood

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    Boat Dock
    Dock
    1
    Standard status
    Active
    APN
    010-025-024-00
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    232

    Utilities

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Connie Allen

    Listing agent Connie Allen License #6501278861

    Listing office Century 21 Signature Realty - Bay City 415 S. Euclid Ave, Saginaw, MI

    Listing date Sep 20, 2025

    MLS# 50189089 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private Lake Ownership: Own a property on Feeding Ground Lake.
    • 60 Feet of Sandy Beach Frontage: Enjoy direct access to a sandy beach.
    • Over half an acre of Buildable Land: Pristine land ready for construction.
    • All Sports Lake: Ideal for various water activities and recreation.
    • Floating Dock and Swim Platform: Includes amenities for immediate enjoyment of the lake.
    • Boat Dock: Property includes a boat dock.

    Overview

    Lakefront Land in Prescott, Michigan

    This property offers over half an acre of residential land with 60 feet of sandy beach frontage on Feeding Ground Lake in Prescott, Michigan. The lot size measures 450 x 60. Included is a floating dock and swim platform. The land is suitable for building a lakefront residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prescott
    County
    Ogemaw
    State
    Michigan
    Longitude
    -84.054608
    Latitude
    44.183381

    Nearby Similar for Sale

    • $875,000
      12,212 SF

      Hardware Store in Prescott, MI

      Established True Value hardware store with real estate and inventory.
      2111 Greenwood Road, Prescott, MI 48756
      View Details
    • $45,000
      7,402 SF

      Retail Store in Prescott, MI

      Former thrift store available for sale in Prescott, Michigan.
      5290 Henderson Lake Road, Prescott, MI 48756
      View Details
    • $875,000
      12,212 SF

      Hardware Store in Prescott, MI

      Established True Value hardware store with high visibility and year-round income.
      2111 Greenwood Road, Prescott, MI 48756
      View Details
    • $99,000
      29,002 SF

      Former School Conversion Opportunity

      Former middle school with conversion potential on 15+ acres.
      329 N Washington Street, Prescott, MI 48756
      View Details
    • $150,000
      6,700 SF

      Versatile Retail Space Near Skidway

      Spacious retail space with restaurant section and shipping zone.
      2370 Greenwood Road, Mills Township, MI 48756
      View Details
    • $21,900

      Vacant Lot Ready to Build

      Over 3/4 acre lot with well, septic, and electric.
      1988 First Oak, Prescott, MI 48756
      View Details
    • $34,000

      Residential Land with Solar Panels

      3.9 acre residential lot with driveway and electric.
      2788 Greenwood Road, Prescott, MI 48756
      View Details
    • $12,000

      Buildable Parcels in Prescott, Michigan

      Five buildable parcels available individually or as a package.
      220 E Harrison Street, Prescott, MI 48756
      View Details
    • $9,799

      Recreational Land in Prescott, MI

      Double lot perfect for building or RV camping near recreation.
      XX Beals, Prescott, MI 48756
      View Details
    • $15,000

      Buildable Land Parcel in Prescott

      Buildable parcel with ample space for dwelling or recreation.
      312 E Harrison Street, Prescott, MI 48756
      View Details
    • $40,000

      Prescott, MI Vacant Land

      10 acres of land suitable for building or hunting.
      5229 Sage Lake Road, Prescott, MI 48756
      View Details
    • $52,000
      2,752 SF

      Former Bar and Restaurant Building

      2752 sq ft commercial building with ample parking.
      2250 E Greenwood, Prescott, MI 48739
      View Details

    FAQs

    What type of property is this?
    Land - Buildable land with sandy beach frontage on Feeding Ground Lake.
    Where is this land located?
    The property is located at x E Greenwood Prescott, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Private Lake Ownership: Own a property on Feeding Ground Lake.; 60 Feet of **Sandy Beach Frontage**: Enjoy direct access to a sandy beach.; Over half an acre of **Buildable Land**: Pristine land ready for construction.
    (989) 324-9956
    We can help!
    Listing Contact
    Connie Allen
    Real Estate License ID: 6501278861
    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

    Thank You for Inquiry
    x E Greenwood, Prescott, MI 48756
    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!