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

    TBD N Cedar Schoolcraft, MI 49854

    View on Map
    Claim this Listing
    New
    For Sale
    $235,000

    Vacant Land - Schoolcraft, MI

    Lot size:
    61.00 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 30 at 9:06 pm

    Property Features for TBD N Cedar

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Industrial
    Standard status
    Active
    APN
    051-700-001-00, 005-006-011-00
    Lot size
    61.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    River Frontage, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DAVID MUXLOW
    DAVID MUXLOW

    Listing agent DAVID MUXLOW

    Listing office GROVER REAL ESTATE 771 East Lakeshore Drive, Manistique, MI

    Listing date Apr 29, 2026

    MLS# 50205922 Listing URL

    Copyright © 2026 Upper Peninsula Association 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.

    Overview

    61 Acres Vacant Land

    Two parcels are being sold together, offering a prime opportunity to secure a large tract of land with direct river frontage. The property consists of approximately 61 acres of usable land. Buyers are advised to verify the acreage, measurements, and river frontage. The property is strategically located near Cedar Street with established access. It offers excellent potential for a variety of uses, including industrial, commercial, recreational, or long-term investment. The combination of significant acreage and water frontage creates unique opportunities for development, storage, logistics, or future expansion in a growing regional market. The property benefits from direct access to the Manistique River while maintaining privacy and scale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Schoolcraft
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6347021
    Latitude
    42.1177889

    Nearby Similar for Sale

    • $699,000
      6,400 SF

      Schoolcraft Industrial Opportunity For Sale

      6,400 SF industrial property on 4.18 acres in Schoolcraft.
      15675 Morris Industrial Drive, Schoolcraft, MI 49087
      View Details
    • $699,900
      13,060 SF

      Versatile Commercial Building on US-131

      13,000+ sq ft building ideal for retail, distribution, or service.
      11830 Shaver Road, Schoolcraft, MI 49087
      View Details
    • $867,000
      10,354 SF

      Schoolcraft Commercial Building on US-131

      Highly visible commercial building with US-131 frontage in Schoolcraft.
      13240 US-131 Highway, Schoolcraft, MI 49087
      View Details
    • $150,000

      Schoolcraft Land Parcel For Sale

      5.42 acre parcel suitable for homesite or hobby farm.
      W XY Avenue lot: 2, Schoolcraft, MI 49087
      View Details
    • $225,000

      Buildable Country Parcel in Schoolcraft

      9.33 acre buildable parcel in a rural setting.
      S 2nd Street lot: 4, Schoolcraft, MI 49087
      View Details
    • $175,000

      Land with Private Pond

      Almost 4 acres of land with a private pond.
      S 2nd Street lot: 3, Schoolcraft, MI 49087
      View Details
    • $200,000

      Buildable 10+ Acre Country Parcel

      10+ acre buildable parcel in a rural setting.
      S 2nd Street lot: 6, Schoolcraft, MI 49087
      View Details
    • $200,000

      Buildable 10+ Acre Country Parcel

      10+ acre buildable parcel in a rural setting.
      S 2nd Street lot: 5, Schoolcraft, MI 49087
      View Details
    • $200,000

      Buildable 10+ Acre Parcel

      10+ acre buildable parcel in a rural setting.
      S 2nd Street lot: 7, Schoolcraft, MI 49087
      View Details
    • $245,000

      27 Acres of Scenic Land

      27-acre parcel with rolling terrain, woods, and food plots.
      VL 2nd Street S, Schoolcraft, MI 49087
      View Details
    • $175,000

      Buildable 10+ Acre Country Parcel

      10+ acre buildable parcel in a rural setting.
      S 2nd Street lot: 8, Schoolcraft, MI 49087
      View Details
    • $58,000

      Residential Lot in Woodbrook Estates

      Spacious lot in established Schoolcraft neighborhood near Olde Mill Golf
      16151 Farmstone Street, Schoolcraft, MI 49087
      View Details

    FAQs

    What type of property is this?
    Industrial land - Large land tract with river frontage in Michigan's Upper Peninsula.
    Where is this industrial land located?
    The property is located at TBD N Cedar Schoolcraft, MI.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Large 61‑acre tract of usable land (buyer to verify acreage).; Direct frontage on the Manistique River.; Excellent potential for industrial, commercial, recreational, or investment uses.
    (906) 450-0184
    We can help!
    Listing Contact
    DAVID MUXLOW
    DAVID MUXLOW
    Real Estate License ID: UPAR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!