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

    Indian Lk Rd Evart, MI 49631

    View on Map
    Sponsored
    For Sale
    Pending
    $160,000

    LAND - Evart, MI

    Lot size:
    38.00 Acres
    Days on Market:
    43
    Last Refresh:
    Mar 7 at 11:06 am

    Property Features for Indian Lk Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    1600802600
    Lot size
    38.00 Acres

    Utilities

    Utilities
    Phone Available

    We can help!

    Listing Contact
    Richard Adgate
    Richard Adgate

    Tad Ventures LLC (888) 967-4140

    Listing agent Richard Adgate (989) 427-5609

    Listing date Jan 24, 2026

    MLS# 25034673 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.

    Learn more

    Property Insight Report

    Overview

    38 Acres of Vacant Land

    This 38-acre tract of land in Evart, Michigan, offers a backdrop suitable for building a home or recreational retreat. The property has potential for food plots and is suited for those seeking nature and seclusion. The location provides convenient access to both US 27 and US 131.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Evart
    County
    Osceola
    State
    Michigan
    Longitude
    -85.172362
    Latitude
    43.957718

    Nearby Similar for Sale

    • $85,000
      900 SF

      Evart Commercial Building on Main

      Main Street commercial building in Evart, Michigan, ideal for business.
      227 N Main St, Evart, MI 49631
      View Details
    • $199,900
      2,112 SF

      Turnkey Commercial Property & Business

      Established beauty salon and commercial property in high-traffic area.
      120 N Main St, Evart, MI 49631
      View Details
    • $169,000
      1,948 SF

      Evart Commercial Building with Kitchen

      Versatile commercial building with equipped kitchen and bar area.
      201 W 7Th St, Evart, MI 49631
      View Details
    • $169,000
      1,948 SF

      Equipped Restaurant/Bar in Evart, MI

      Restaurant/bar with equipped kitchen and bar area in Evart, MI.
      201 W 7Th St, Evart, MI 49631
      View Details
    • $1,700,000
      871,200 SF

      Hillside Campground with Private Pond

      20+ acre campground with pond, cabins, and ranch home.
      6170 100Th Ave, Evart, MI 49631
      View Details
    • $199,900

      Turnkey Commercial Property & Business

      Established beauty salon business and commercial property for sale.
      120 N Main St, Evart, MI 49631
      View Details
    • Contact for pricing
      0.30 Acres

      Land For Sale, Evart, MI

      Vacant land available in Evart, Michigan.
      Pueblo Trl, Evart, MI 49631
      View Details
    • $475,000
      3,000 SF

      Creekside Car Wash: Evart, MI

      Profitable Car Wash, Turn-Key Operation
      506 7Th St, Evart, MI 49631
      View Details
    • $449,000
      5,200 SF

      Sixth & Main: Evart, MI

      Historic Mixed-Use Building, Turn-Key
      202 Main St, Evart, MI 49631
      View Details
    • $250,000
      1,666 SF

      Updated Commercial Space on Main

      Move-in ready commercial building with versatile spaces and recent updates.
      137 N Main St, Evart, MI 49631
      View Details
    • $150,000
      2,112 SF

      Evart Main Street Industrial Gem

      Prime Commercial Building, Two Units, High Visibility
      120 Main St, Evart, MI 49631
      View Details
    • $165,000
      2,000 SF

      Evart Industrial Building - Prime Location

      High-traffic downtown Evart industrial space.
      102 Main St, Evart, MI 49631
      View Details

    FAQs

    What type of property is this?
    Land - 38 acres of land perfect for building or recreational use.
    Where is this land located?
    The property is located at Indian Lk Rd Evart, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - 38 acre property offering privacy and seclusion.; - Potential for multiple food plots.; - Suitable for building a dream home or up north retreat.
    (989) 506-1402
    Request Owner's contact information
    Indian Lk Rd Evart, MI 49631
    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.
    Indian Lk Rd
    Evart, MI 49631
    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
    Indian Lk Rd Evart, MI 49631
    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

    We can help!
    Listing Contact
    Richard Adgate
    Richard Adgate
    (989) 506-1402 (989) 427-5609 (888) 967-4140
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!