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

    W M-68 Highway Rogers City, MI 49779

    View on Map
    Claim this Listing
    For Sale
    $295,000

    COMMERCIAL - Rogers City, MI

    Lot size:
    143.00 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    281
    Last Refresh:
    May 7 at 12:06 am

    Property Features for W M-68 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B3 General Bus.
    Standard status
    Active
    APN
    150-121-000-002-17
    Lot size
    143.00 Acres

    Taxes and HOA fees

    Tax Description
    BEG SE COR SEC. 21, T35N-R5E; TH N89D 53M 44S W 5324.44FT ALG S LINE SD SEC TO SW COR; TH N 01D 58M 15S E 193.33FT ALG W LI SD SEC TO CENTER M-68; TH ALG SD CENTERLINE ALG ARC OF A 3819.83FT RADIUS CURVE TO LEFT HAVING A DELTA OF 10D 03M 02S & A LONG....
    Tax Annual Amount
    2574

    We can help!

    Listing Contact
    Sheila J Nowicki

    Listing agent Sheila J Nowicki

    Listing office Real Estate One Of Presque Isle 279 N 3rd St, ROGERS CITY, MI

    Listing date Jul 31, 2025

    MLS# 201836884

    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

    • Very large 112 +/- acre property.
    • Located within Rogers City limits.
    • High visibility from M‑68, Airport Hwy, Airport Road and 45 Hwy.
    • Zoned B‑3 General Business.
    • Contains 15 separate surveyed parcels.
    • So many potential uses.

    Overview

    Large Vacant Land in Rogers

    This is a large vacant property encompassing approximately 143 acres, consisting of 15 separate surveyed parcels. It is located within the city limits of Rogers City and has high visibility from M-68, Airport Hwy, Airport Road and 45 Hwy. The property is zoned B-3 General Business, offering many potential uses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rogers City
    County
    Presque Isle
    State
    Michigan
    Longitude
    -83.834588
    Latitude
    45.405269

    Nearby Similar for Sale

    • $120,000
      3,394 SF

      Office/Warehouse Space with Living Apartment

      Vacant commercial space with warehouse, office, and living quarters.
      1009 W Third Street, Rogers City, MI 49779
      View Details
    • $21,000

      Double Lot in Rogers City

      Partially cleared double lot near Twin Lakes and Rogers City.
      148 + 149 Chippewa Trail, Rogers City, MI 49779
      View Details
    • $21,000

      Double Lot Near Twin Lakes

      Partially cleared 1.54 acre double lot near Twin Lakes.
      148 + 149 CHIPPEWA TRAIL, ROGERS CITY, MI 49779
      View Details
    • $46,000

      Rogers City Land Parcels Available

      Two 10-acre parcels in Rogers City, zoned B3 Business.
      Airport Highway, Rogers City, MI 49779
      View Details
    • $40,000

      15 Acre Commercial Land Parcel

      15 acres of B-2 zoned land south of Rogers City.
      V/L 15 AC S US-23 Highway, Rogers City, MI 49779
      View Details
    • $445,000
      4,074 SF

      Turnkey Bar & Restaurant with Campground

      Bar, restaurant, home, and campground on 4.93 acres.
      3090 US-23, Rogers City, MI 49779
      View Details
    • $69,000

      30 Acres of Commercial Land

      Three 10-acre parcels available within city limits, zoned B3.
      Airport Highway, Rogers City, MI 49779
      View Details
    • $794,999

      Rogers City Vacant Hunting Land

      687.4 acres of hunting and investment property near Lake Huron.
      0 Co Road 646, Rogers City, MI 49779
      View Details
    • $8,900

      Residential Land in Rogers City

      Vacant lot zoned for residential use in Rogers City, MI.
      1334 N Cedar Street, Rogers City, MI 49779
      View Details
    • $90,000

      30 Acres of Commercial Land

      Three parcels of land totaling 30 acres with road frontage.
      Airport Hwy & County Road 451, Rogers City, MI 49779
      View Details
    • $50,000

      20 Acres Land in Rogers

      Two 10-acre parcels with high visibility frontage on M-68.
      M-68 Hwy and Airport Road, Rogers City, MI 49779
      View Details
    • $45,000

      M-68 Highway Land Parcels

      Two parcels with M-68 frontage, Rogers City, Michigan.
      M-68 Highway, Rogers City, MI 49779
      View Details

    FAQs

    What type of property is this?
    Land - 143 acre commercial land with high visibility near M-68.
    Where is this land located?
    The property is located at W M-68 Highway Rogers City, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Very large 112 +/- acre property.; Located within Rogers City limits.; High visibility from M‑68, Airport Hwy, Airport Road and 45 Hwy.
    (989) 255-9080
    We can help!
    Listing Contact
    Sheila J Nowicki
    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
    W M-68 Highway, Rogers City, MI 49779
    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!