Sign Up Successful!
You now have access to more from Realmo!
    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

    Tbd Leduc Manistique, MI 49854

    Sponsored
    For Sale
    $32,500

    Vacant Land - Manistique, MI

    Lot size:
    1.11 Acres
    Days on Market:
    532
    Last Refresh:
    Jan 22 at 11:06 am

    Property Features for Tbd Leduc

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    77-003-445-003-00
    Lot size
    1.11 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TRAVIS WOOD
    TRAVIS WOOD

    GROVER REAL ESTATE (906) 341-2131

    Listing agent TRAVIS WOOD (906) 341-2131 License #6501433914

    Listing date Aug 9, 2024

    MLS# 50115203 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.

    Learn more

    Property Insight Report

    Overview

    Manistique Vacant Land Near Indian

    This 1.11-acre vacant land parcel is located near Indian Lake and the Indian Lake Golf Course in Manistique, MI. The property, zoned for residential use, is situated on a paved county road. Utilities are available at the road. The site is wooded and has previous approval for a septic system, making it suitable for building a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.289405163574
    Latitude
    45.997478593832

    Nearby Similar for Sale

    • $415,000
      4,000 SF

      Historic Tavern with Resort Liquor License

      Established tavern near Kitch-iti-kipi with expansion potential.
      1263 M 149, Manistique, MI 49854
      View Details
    • $300,000
      1,000 SF

      Waterfront Commercial Property in Manistique

      High-exposure waterfront commercial property in a charming lakefront town.
      103 W Lake Shore, Manistique, MI 49854
      View Details
    • $645,000
      19,650 SF

      Like-New Office Building in Manistique

      Contemporary office building in Manistique, ready for business expansion.
      220 S Maple St, Manistique, MI 49854
      View Details
    • $395,000
      448 SF

      Iconic Dairy Kream Opportunity

      Turn-key restaurant in prime location with steady business.
      182 River St, Manistique, MI 49854
      View Details
    • $232,500
      1,200 SF

      Established Flower Shop Opportunity

      Turn-key flower shop with inventory in Manistique, Michigan.
      176 River St, Manistique, MI 49854
      View Details
    • New
      $185,000
      4,080 SF

      Manistique Commercial Building with Parking

      Versatile 4,000 SF commercial building in Manistique, Michigan.
      127 Chippewa Ave, Manistique, MI 49854
      View Details
    • $269,000
      9,000 SF

      Manistique Commercial Building with Apartments

      Large commercial building with showroom, office space, and rental apartments.
      226 Deer St, Manistique, MI 49854
      View Details
    • $275,000
      2,500 SF

      Manistique Commercial/Industrial Opportunity

      High-visibility commercial property with automotive repair business potential.
      192 River St, Manistique, MI 49854
      View Details
    • $2,304,000

      Retail Property Near Lake Michigan

      Freestanding retail property with excellent visibility and accessibility.
      717 E Lakeshore Dr, Manistique, MI 49854
      View Details
    • $399,000
      1.40 Acres

      Manistique Industrial Lot & Building

      Downtown Manistique, High Traffic Area
      Tbd Arbutus St, Manistique, MI 49854
      View Details
    • $250,000
      7,000 SF

      Manistique Industrial Property - Huge Potential

      9+ Acres, 7000 sq ft, Prime Location
      533 N, Manistique, MI 49854
      View Details
    • $269,000
      9,000 SF

      Manistique Industrial Building - Huge Potential

      9,000 sq ft Industrial Space, Two Apartments
      226 Deer St, Manistique, MI 49854
      View Details

    FAQs

    What type of property is this?
    Land - 1.11 acre residential lot near Indian Lake and golf course.
    Where is this land located?
    The property is located at Tbd Leduc Manistique, MI.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: - Large 1+ acre lot.; - Close proximity to Indian Lake and Indian Lake Golf Course.; - Utilities located at the road.
    (906) 450-5080
    Request Owner's contact information
    Tbd Leduc Manistique, MI 49854
    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.
    Tbd Leduc
    Manistique, MI 49854
    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
    Tbd Leduc Manistique, MI 49854
    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
    TRAVIS WOOD
    TRAVIS WOOD
    Real Estate License ID: 6501433914
    (906) 450-5080
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.