Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land Near Higgins Lake Title is generated by Realmo AI

    Hillsdale Drive lot 4, Roscommon, MI 48653

    View on Map
    Claim this Listing
    Pending
    $42,000

    LAND - Roscommon, MI

    Lot size:
    0.59 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    51
    Last Refresh:
    May 21 at 10:06 am

    Property Features for Hillsdale Drive lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    004-160-004-0000
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Description
    LOT 4 CHOCTAW WOODS

    We can help!

    Listing Contact
    Megan Coleman
    Megan Coleman

    Listing agent Megan Coleman License #6501439106

    Listing office RE/MAX of Higgins Lake 4544 Marl Lake Rd, Roscommon, MI

    Listing date Apr 1, 2026

    MLS# 201839195 Listing URL

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Close proximity to Higgins Lake (one street away).
    • .59‑acre parcel in a desirable location.
    • Easy walk to Higgins Lake road end and Gerrish Township Municipal Park.
    • Nearby recreation at South Higgins Lake State Park.
    • Located in a charming neighborhood.
    • Minutes away from dining, including The Cut River Grille.

    Overview

    This 0.59-acre parcel is located one street off Higgins Lake in Roscommon, MI. Situated in a charming neighborhood, the property offers both privacy and convenience. It is an easy walk to the Higgins Lake road end and Gerrish Township Municipal Park. South Higgins Lake State Park and dining options like The Cut River Grille are also located nearby. This property presents an opportunity to create a retreat in a sought-after location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Roscommon
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.669621
    Latitude
    44.450242

    Nearby Similar for Sale

    • $279,900
      1,020 SF

      Versatile Commercial Property in Roscommon

      High-visibility commercial property ideal for entrepreneurs and investors.
      4169 Marl Lake Road, Roscommon, MI 48653
      View Details
    • $379,900
      1,586 SF

      Established Diner Near Higgins Lake

      Turnkey restaurant with strong community support and multiple revenue streams.
      5937 W Higgins Lake, Roscommon, MI 48653
      View Details
    • $350,000
      700 SF

      Commercial Land Near Higgins Lake

      20-acre commercial property with office near South Higgins Lake.
      79 W Higgins Lake Drive, Roscommon, MI 48653
      View Details
    • $155,000
      3,236 SF

      Higgins Lake Commercial Opportunity

      Commercial building with liquor license near Higgins Lake.
      9963 W Higgins Lake Drive, Roscommon, MI 48653
      View Details
    • $350,000
      700 SF

      Commercial Land Near Higgins Lake

      20-acre commercial property with office near South Higgins Lake.
      79 W Higgins Lake Drive, Roscommon, MI 48653
      View Details
    • $499,000
      9,300 SF

      Roscommon Retail Store For Sale

      9300 SF commercial building in high-visibility location.
      425 N Fifth Street, Roscommon, MI 48653
      View Details
    • $99,000
      2,100 SF

      Commercial Income Property in Roscommon

      Two-unit commercial property with excellent visibility in Roscommon, Michigan.
      412 N Fifth Street, Roscommon, MI 48653
      View Details
    • $95,000

      Commercial Land Near I-75

      1.4-acre commercial site with high visibility and convenient access.
      1.4 Acres N Ivy Road, Roscommon, MI 48653
      View Details
    • $234,900
      2,983 SF

      Higgins Lake Mixed-Use Opportunity

      Versatile property near Higgins Lake with multiple income streams.
      10028 W Higgins Lake, Roscommon, MI 48653
      View Details
    • $174,900

      Commercial Land Near I-75 Exit

      Commercial land with high visibility near I-75 exit.
      2271 W Federal Highway, Roscommon, MI 48653
      View Details
    • $17,000

      Residential Lot in Roscommon, MI

      Cozy lot near parks, ideal for building a home.
      11831 Woody Road, Roscommon, MI 48653
      View Details
    • $1,500,000
      14,392 SF

      Iconic Restaurant and Bowling Alley

      Established restaurant and bowling alley in Northern Michigan resort area.
      430 & 422 N 5th Street, Higgins Twp, MI 48653
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.59-acre parcel near Higgins Lake, perfect for Up North getaway.
    Where is this residential land & home lot located?
    The property is located at Hillsdale Drive lot 4 Roscommon, MI.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: Close proximity to Higgins Lake (one street away).; .59‑acre parcel in a desirable location.; Easy walk to Higgins Lake road end and Gerrish Township Municipal Park.
    (989) 370-3884
    We can help!
    Listing Contact
    Megan Coleman
    Megan Coleman
    Real Estate License ID: 6501439106
    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
    Hillsdale Drive lot: 4, Roscommon, MI 48653
    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!