Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    23 Acres with Torch Lake Views Title is generated by Realmo AI

    Helena Road, Alden, MI 49612

    View on Map
    Claim this Listing
    For Sale
    $319,900

    Vacant Lot/Land - Alden, MI

    Lot size:
    22.96 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    66
    Last Refresh:
    May 22 at 8:06 am

    Property Features for Helena Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural,Horses Allowed,Metes and Bounds
    Exterior features
    None, Countryside View, Other
    Standard status
    Active
    Lot size
    22.96 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tia Rieck

    Listing agent Tia Rieck

    Listing office @properties Christie's Int'l 129 S. Union Street, Traverse City, MI

    Listing date Mar 18, 2026

    MLS# 1943061 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.

    HighLights

    • 23 acres of agriculturally zoned land
    • Panoramic views of Torch Lake
    • Located less than one mile east of Alden, Michigan
    • Mix of open fields and partially wooded areas
    • Level to gently sloping topography
    • Close to recreational and lifestyle amenities of Northern Michigan

    Overview

    This property features 23 acres of agriculturally zoned land situated less than one mile east of Alden, Michigan, offering panoramic views of Torch Lake and the surrounding countryside. The land includes a mix of open fields and partially wooded areas, providing both privacy and flexibility. The topography is level to gently sloping, making it suitable for building, farming, or creating a homestead. The location offers a rural setting while remaining close to Alden, Torch Lake, and Northern Michigan's recreational and lifestyle amenities. This property is zoned for agricultural use and horses are allowed. It is ideal for a private estate, hobby farm, or agricultural investment. A survey is on file for the property.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Alden
    County
    Antrim
    State
    Michigan
    Longitude
    -85.2583972
    Latitude
    44.8790176

    Nearby Similar for Sale

    • $1,300,000

      Torch Lake Frontage Land Parcel

      0.9-acre lot with 110 feet of private Torch Lake frontage.
      9263 Charlie Lane, Alden, MI 49612
      View Details
    • $65,000

      Spacious Corner Homesite in Alden

      2.26 acre corner lot in Alden Meadows subdivision.
      Lot 39 Alden Meadows, Alden, MI 49612
      View Details
    • $450,000
      3,315 SF

      Downtown Alden Commercial Building

      Commercial building in downtown Alden, near Torch Lake.
      9160 Helena Road, Helena Township, MI 49612
      View Details
    • $149,900

      Torch Lake Garage with Porch

      Garage with porch and shared access to Torch Lake.
      00 S East Torch Lake Drive, Alden, MI 49612-9999
      View Details
    • $60,000

      Rapid River Wooded Land Parcel

      5-acre wooded parcel near Kalkaska, perfect for recreation or home.
      207 Wallace Road NE, Rapid River Twp, MI 49612
      View Details
    • $85,900

      Residential Land in Alden Meadows

      Vacant land in Alden, MI, near Torch Lake.
      Lot 27 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Beautiful Alden Home Site

      2.96 acre home site near Torch Lake and downtown Alden.
      LOT 44 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Land for Home in Alden

      Residential land near Torch Lake and downtown Alden, Michigan.
      Lot 43 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Residential Land in Alden Meadows

      Acreage parcel near Torch Lake access in Alden, Michigan.
      Lot 34 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Residential Land in Alden Meadows

      Vacant lot in Alden, MI near Torch Lake.
      Lot 33 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Alden Meadows Vacant Land Parcel

      2.95 acre vacant land parcel in Alden, Michigan.
      Lot 42 Alden Meadows, Alden, MI 49612
      View Details
    • $85,900

      Acreage Parcel in Alden Meadows

      Vacant land near Torch Lake access and Spencer Creek.
      Lot 38 Alden Meadows, Alden, MI 49612
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 23 acres of agricultural land with panoramic Torch Lake views.
    Where is this agricultural land / farmland located?
    The property is located at Helena Road Alden, MI.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: 23 acres of agriculturally zoned land; Panoramic views of Torch Lake; Located less than one mile east of Alden, Michigan
    (231) 620-5389
    We can help!
    Listing Contact
    Tia Rieck
    Real Estate License ID: 6506044630
    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
    Helena Road, Alden, MI 49612
    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!