Add Listing
    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 Shore Drive Au Train, MI 49806

    View on Map
    For Sale
    Under Contract
    $295,000

    Vacant Land - Au Train, MI

    Lot size:
    10.15 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    227
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for TBD Shore Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active Under Contract
    APN
    007-131-001-21
    Lot size
    10.15 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3526.73
    Expense value
    750
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Beach Front, Lake Frontage, Great Lake, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TIMOTHY CASE

    Listing agent TIMOTHY CASE License #6505403163

    Listing office U.P. WATERFRONT CO. 375 N. McClellan Avenue, Marquette, MI

    Listing date Aug 18, 2025

    MLS# 50185688 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

    Lake Superior Frontage Land

    This vacant lot offers a rare opportunity with 288 feet of Lake Superior frontage and over 10 acres of land. Located within a half-hour drive of Marquette, this property provides privacy and space for creating hiking, skiing, and snowshoeing trails. The Lake Superior bottom is solid, making it suitable for swimming, launching kayaks, or cooling off, and the shoreline is walkable. The property features a higher elevation ideal for building with views, along with a lower level perfect for outdoor living space and access to Lake Superior. There is currently no infrastructure, allowing for customization of building sites, outdoor living areas, and lake access points. The property is zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Au Train
    County
    Alger
    State
    Michigan
    Longitude
    -86.8610766
    Latitude
    46.4341241

    Nearby Similar for Sale

    • $160,000

      Buildable Land in Au Train

      16 wooded lots in Au Train, near Lake Superior.
      TBD BLOCK 23 Grove Street, Au Train, MI 49806
      View Details
    • $100,000

      City Block Land in Au Train

      Large wooded parcel near Lake Superior with development potential.
      3/4 BLOCK 25 N Oak Street, Au Train, MI 49806
      View Details
    • $160,000

      City Block in Au Train

      16 wooded lots in Au Train, near Lake Superior.
      TBD BLOCK 24 OAK Street, Au Train, MI 49806
      View Details
    • $160,000

      Au Train Vacant Land Block

      Sixteen wooded lots in Au Train, near Lake Superior.
      TBD BLOCK 24 OAK, Au Train, MI 49806
      View Details
    • $310,000

      Lake Superior Vacant Land

      10-acre property with 345 feet of Lake Superior frontage.
      Parcel 155 Shore, Au Train, MI 49806
      View Details
    • $160,000

      Au Train Vacant Land Block

      Large land parcel in Au Train, Michigan, near Lake Superior.
      TBD BLOCK 23 Grove, Au Train, MI 49806
      View Details
    • $100,000

      Au Train Vacant Land Block

      Large parcel in Au Train near Lake Superior and amenities.
      3/4 BLOCK 25 N Oak, Au Train, MI 49806
      View Details
    • $224,900

      Au Train Lake Vacant Land

      4.54 acres with 150 ft of sandy lake frontage.
      TBD Autrain Forest Lake, Au Train, MI 49806
      View Details
    • $295,000

      Lake Superior Building Site

      Spectacular Lake Superior building site with 255 feet frontage.
      Parcel 153 Shore, Au Train, MI 49806
      View Details
    • $99,000

      36 Acres Wooded Land, Alger

      36 wooded acres in Alger County, suitable for cabin or home.
      8930 Sand Lake, Au Train, MI 49806
      View Details
    • $300,250

      120 Acres Vacant Land For Sale

      120-acre property for residential and recreational opportunities in Au Train, MI.
      0000 Peter White, Au Train, MI 49806
      View Details
    • $1,975,000

      Lake Superior Frontage Land

      485-acre forested property with over 6,000 feet of Lake Superior frontage.
      000 North Point Road, Au Train, MI 49806
      View Details

    FAQs

    What type of property is this?
    Land - Rare 10+ acre Lake Superior lot with 288' frontage.
    Where is this land located?
    The property is located at TBD Shore Drive Au Train, 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: 288 feet of Lake Superior frontage; Over 10 acres of land; Located within a half hour drive of Marquette
    (906) 869-6633
    We can help!
    Listing Contact
    TIMOTHY CASE
    Real Estate License ID: 6505403163
    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!