Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Land on Lake Templene Title is generated by Realmo AI

    Rainbow Drive, Sturgis, MI 49091

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    LAND - Sturgis, MI

    Lot size:
    9.91 Acres
    Added:
    May 12, 2020
    Days on Market:
    2217
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for Rainbow Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7501203400102
    Lot size
    9.91 Acres

    Taxes and HOA fees

    Tax Year
    2020
    Tax Description
    Lenthy on File. 2 tax ID #'s
    Tax Annual Amount
    1777

    Utilities

    Utilities
    Cable Available
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    David C Clark

    Listing agent David C Clark License #6506043540

    Listing office RE/MAX Elite Group 26078 US 12 Hwy Suite A, Sturgis, MI

    Listing date May 12, 2020

    MLS# 20016007 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.

    HighLights

    • Almost 10 acres of land
    • Boasting 2686 feet of water frontage on Lake Templene
    • Unique property with 2 tax ID numbers
    • Mostly cleared land with high ground
    • Beautiful building site for a dream home
    • Surrounded by wildlife and peacefulness

    Overview

    This unique property comprises almost 10 acres of land across two tax ID numbers, featuring 2686 feet of water frontage on Lake Templene. The land is mostly cleared, consisting of mostly high ground with some wetland areas. This site offers a building location for a home, surrounded by wildlife, water, and peacefulness, in Sturgis, MI.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Sturgis
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.4531619
    Latitude
    41.91144

    Nearby Similar for Sale

    • $175,000
      1,092 SF

      Sturgis Commercial Property For Sale

      Versatile commercial property in Sturgis, ideal for various business uses.
      1125 N Nottawa Street, Sturgis, MI 49091
      View Details
    • $550,000
      15,940 SF

      Sturgis Industrial Opportunity For Sale

      15,940 SF industrial space with storefront access in Sturgis.
      26341 U.S. 12, Sturgis, MI 49091
      View Details
    • $495,000

      Sturgis Commercial Land Opportunity

      3-acre commercial land parcel with frontage on US-12.
      410 W Chicago Road, Sturgis, MI 49091
      View Details
    • $450,000
      6,830 SF

      Versatile Commercial Building on 2.6 Acres

      Well-maintained 6,800 sq ft commercial building suitable for various uses.
      1015 N Centerville Street, Sturgis, MI 49091
      View Details
    • $495,000

      Prime Commercial Land on US-12

      3-acre vacant parcel with frontage on US-12 in Sturgis.
      410 W Chicago Road, Sturgis, MI 49091
      View Details
    • $215,000
      900 SF

      Sturgis Brick Duplex on Corner

      Well-maintained duplex with separate basements and utilities in desirable neighborhood.
      805 Michigan Avenue, Sturgis, MI 49091
      View Details
    • $150,000

      Commercial Land Near I-80/90

      Commercial land for sale near I-80/90 interchange.
      S Centerville Road, Sturgis, MI 49091
      View Details
    • $96,250

      Lakefront Land in Sturgis, MI

      Over an acre with 263 feet of water frontage.
      67544 Thunderbird Drive, Sturgis, MI 49091
      View Details
    • $1,300,000
      5,500 SF

      Auto Repair Shop with Towing

      Turnkey auto repair and towing business with industrial zoning.
      640 Fawn River Road, Sturgis, MI 49091
      View Details
    • $199,000

      Lakefront Residential Building Lot

      Build a lake home on a sandy-lakefront lot with wide views and walkout-friendly hillside terrain.
      25455 Island View Lane, Sturgis, MI 49091
      View Details
    • $175,000

      Sturgis Duplex with Rental Potential

      Duplex with two units, updated features, and fenced yard.
      817 Market Street, Sturgis, MI 49091
      View Details
    • $120,000

      Waterfront Land on Omena Lake

      Private 4-acre waterfront property on the 160-acre Omena Lake.
      66335 N Centerville Road, Sturgis, MI 49091
      View Details

    FAQs

    What type of property is this?
    Land - Almost 10 acres with 2686 feet of water frontage.
    Where is this land located?
    The property is located at Rainbow Drive Sturgis, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Almost 10 acres of land; Boasting 2686 feet of water frontage on Lake Templene; Unique property with 2 tax ID numbers
    (269) 808-0265
    We can help!
    Listing Contact
    David C Clark
    Real Estate License ID: 6506043540
    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
    Rainbow Drive, Sturgis, MI 49091
    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!