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

    Tenth Street Bear Lake, MI 49614

    View on Map
    For Sale
    Contact for pricing

    LAND - Bear Lake, MI

    Lot size:
    0.36 Acres
    Added:
    Apr 18, 2025
    Days on Market:
    350
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for Tenth Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    51-02-641-762-13
    Lot size
    0.36 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Wildwood Lots 17 + 20 Block 33
    TaxAnnualAmount
    176

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Leanne Labelle

    Listing agent Leanne Labelle License #6501405476

    Listing office LIGHTHOUSE REALTY-Manistee 360 E Parkdale, Manistee, MI

    Listing date Apr 18, 2025

    MLS# 25016205

    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.

    Overview

    Wooded Lot Near Bear Lake

    This 0.36-acre wooded lot is located on the corner of Clinton Street, which is paved, and 10th Street, which is gravel. The property is suitable for the construction of a modular or stick-built home. It is located close to public access to Bear Lake and approximately 5 minutes from the town of Bear Lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bear Lake
    County
    Manistee
    State
    Michigan
    Longitude
    -86.174581
    Latitude
    44.419585

    Nearby Similar for Sale

    • $149,900
      1,200 SF

      Downtown Bear Lake Commercial Building

      Well-maintained commercial building in downtown Bear Lake, Michigan.
      7659 Lake Street, Bear Lake, MI 49614
      View Details
    • $325,000
      1,632 SF

      Commercial Building Near Bear Lake

      Versatile commercial building on a main highway with multi-use zoning.
      11660 Chippewa Highway, Bear Lake, MI 49614
      View Details
    • $439,900
      3,800 SF

      Established Bar/Restaurant with Home

      Turn-key bar and restaurant with a home on 2.37 acres.
      9567 Chippewa Highway, Bear Lake, MI 49614
      View Details
    • $235,000

      Bear Lake Duplex: Income Potential

      Charming duplex in Bear Lake with income potential.
      12218 7th Street, Bear Lake, MI 49614
      View Details
    • $49,900

      Buildable Lot Near Bear Lake

      Vacant lot near Bear Lake, perfect for nature lovers.
      Twelfth Street, Bear Lake, MI 49614
      View Details
    • $75,000

      Serene Wooded Lot Near Bear Lake

      5-acre wooded lot, close to Bear Lake and Crystal Mountain.
      BIG FOUR ROAD, BEAR LAKE, MI 49614
      View Details
    • $75,000

      Serene Wooded Lot Near Bear Lake

      5-acre wooded lot, close to Bear Lake and Crystal Mountain.
      BIG FOUR ROAD, SPRINGDALE TWP, MI 49614
      View Details
    • $99,900

      Land with Panoramic Lake Views

      2.18 acres near Bear Lake, ready for your dream cabin.
      V/L Spruce Ridge Road unit: 13, Bear Lake, MI 49614
      View Details
    • $175,000

      37.51 Acres Near Bear Lake

      Land parcel with mature hardwoods, suitable for building or recreation.
      Chief E Road, Bear Lake, MI 49614
      View Details
    • $332,000

      Wooded Land Near Bear Lake

      78.65 acres of wooded land with timber value.
      Chief ''O'' Road, Bear Lake, MI 49614
      View Details
    • $89,000

      Mature Hardwoods Land Parcel

      Recreational land parcel with mature hardwoods near Bear Lake.
      Chief ''B'' Road, Bear Lake, MI 49614
      View Details
    • $89,000

      9.99 Acres Heavily Wooded Land

      9.99 acre wooded parcel near Bear Lake, Michigan.
      Chief L Road, Bear Lake, MI 49614
      View Details

    FAQs

    What type of property is this?
    Land - Corner wooded lot suitable for modular or stick-built home.
    Where is this land located?
    The property is located at Tenth Street Bear Lake, 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: Opportunity to own land and build a home instead of renting.; Close proximity to Bear Lake public access.; Conveniently located just 5 minutes from town.
    (239) 887-0998
    We can help!
    Listing Contact
    Leanne Labelle
    Real Estate License ID: 6501405476
    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!