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

    VL S Tacoma Street Idlewild, MI 49642

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Idlewild, MI

    Lot size:
    0.78 Acres
    Added:
    Jan 28, 2025
    Days on Market:
    463
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for VL S Tacoma Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-412-005-01
    Lot size
    0.78 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOTS 5 TO 16 INC BLK 312 IDLEWILD #4. COMBINED ON 12/12/2016 FROM 15-412-005-00, 15-412-011-00;
    Tax Annual Amount
    149

    Utilities

    Utilities
    Electricity Available
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Kristine Marie Stariha

    Listing agent Kristine Marie Stariha License #6501443516

    Listing office Five Star Real Estate - Hart 109 E Main St Ste 1, Hart, MI

    Listing date Jan 28, 2025

    MLS# 25003262 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

    • Waterfront property on a quiet pond
    • Located in the historic Idlewild area
    • Surrounded by parks, beaches, and national forest
    • Abundant recreational opportunities
    • Electricity available
    • Situated between Idlewild, Paradise, and Tank Lakes

    Overview

    Land in Historic Idlewild, MI

    This 0.78-acre vacant parcel is located off Tacoma Street in Idlewild, Michigan, nestled between Idlewild, Paradise, and Tank Lakes. The property is situated on the banks of a quiet pond within a landscape rich in water, woods, recreation, and history. The surrounding area features parks, beaches, national forest, and various recreational opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Idlewild
    County
    Lake
    State
    Michigan
    Longitude
    -85.7915
    Latitude
    43.894093

    Nearby Similar for Sale

    • $94,500
      877 SF

      Commercial Opportunity on US 10

      Versatile commercial building on US 10 in Idlewild, Michigan.
      6020 S Nelson Road, Idlewild, MI 49642
      View Details
    • $119,000

      5-Acre Parcel in Idlewild, MI

      5-acre parcel with new pole barn in Northern Michigan.
      2319 E 38th Street, Idlewild, MI 49642
      View Details
    • $89,999

      Wooded Retreat in Lake County

      10-acre wooded property with cabin near Baldwin, Michigan.
      2578 E 36th Street, Idlewild, MI 49642
      View Details
    • $60,000

      Buildable Lot Near Paradise Lake

      Buildable lot near Paradise Lake in historic Idlewild community.
      6629 S Tampa, Yates Twp, MI 49642
      View Details
    • $39,900

      Wooded Land Parcel in Idlewild

      5-acre wooded property with gated driveway and clearing.
      5222 S Broadway Road, Idlewild, MI 49642
      View Details
    • $69,500

      Idlewild Land Parcel For Sale

      10.12 acre wooded parcel in Lake County, Michigan.
      V/L 72nd Street, Idlewild, MI 49642
      View Details
    • $5,000

      Wooded Land Parcel in Idlewild

      Wooded, flat parcel near trails and Idlewild Lake.
      VL E Lynndon Street, Idlewild, MI 49642
      View Details
    • $45,000

      Land Parcel in Idlewild, MI

      Five-acre parcel with driveway, cleared site, and available electric.
      5209 S Nelson Road, Idlewild, MI 49642
      View Details
    • $50,000

      9.04 Acres Wooded Vacant Land

      9.04 acres of wooded land near Baldwin, Michigan.
      130 US 10, Idlewild, MI 49642
      View Details
    • $14,000

      Idlewild Land with Road Frontage

      Wooded lots near public land, ideal for building.
      S Forman Road, Idlewild, MI 49642
      View Details
    • $32,500

      3 Acres of Hunting Land

      Land parcel with driveway, clearing, and easy access.
      Spruce Road, Idlewild, MI 49642
      View Details
    • $14,500

      Land in Historic Idlewild, MI

      Under one acre of land near lakes and trails.
      VL Mt. Vernon Avenue, Idlewild, MI 49642
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land near lakes, parks, and recreational areas.
    Where is this land located?
    The property is located at VL S Tacoma Street Idlewild, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Waterfront property on a quiet pond; Located in the historic Idlewild area; Surrounded by parks, beaches, and national forest
    (231) 301-0059
    We can help!
    Listing Contact
    Kristine Marie Stariha
    Real Estate License ID: 6501443516
    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
    VL S Tacoma Street, Idlewild, MI 49642
    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!