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

    V/L W Polk Road Hart, MI 49420

    View on Map
    For Sale
    $269,900

    LAND - Hart, MI

    Lot size:
    3.73 Acres
    Added:
    Oct 7, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for V/L W Polk Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    64-020-020-100-08
    Lot size
    3.73 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    583

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Mary Jo Schaner

    Listing agent Mary Jo Schaner

    Listing office Coldwell Banker Anchor-Hart 907 State Street, Hart, MI

    Listing date Oct 7, 2025

    MLS# 25051863

    Copyright © 2025 Montcalm County 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

    3.73 Acres in Hart, MI

    This 3.73-acre commercial land is located at the corner of Polk Road and Industrial Drive in Hart, MI. The property is situated on the Polk Road corridor and is intended for commercial use. The property is located in Oceana County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hart
    County
    Oceana
    State
    Michigan
    Longitude
    -86.370506
    Latitude
    43.688476

    Nearby Similar for Sale

    • $350,000
      2,300 SF

      Historical Building in Hart, MI

      Historical building with unique architectural features and potential uses.
      113 Washington Street, Hart, MI 49420
      View Details
    • $99,000
      2,768 SF

      Hart, MI Commercial Opportunity

      Commercial building with potential for cafe, retail, or event space.
      7203 N 126th Avenue, Hart, MI 49420
      View Details
    • $199,900
      5,654 SF

      Downtown Hart Commercial Building

      5,654 SF commercial building in downtown Hart, Michigan.
      109 Washington Street, Hart, MI 49420
      View Details
    • $139,900

      Commercial Land in High-Traffic Area

      Almost 2 acres of commercial land in Hart, Michigan.
      Comfort Drive lot: 8, Hart, MI 49420
      View Details
    • $75,000
      1,789 SF

      Charming Brick Church Building

      Unique commercial property on high-traffic road near Pentwater.
      6482 N Oceana Drive, Hart, MI 49420
      View Details
    • $19,900

      Residential Land in The Creeks

      Residential building site with utilities and maintenance included.
      59 CREEK DRIVE, HART, MI 49420
      View Details
    • $23,500

      Residential Land Near Silver Lake

      Desirable lots near Silver Lake Sand Dunes and local stores.
      North Lake Court lot: 19, Hart, MI 49420
      View Details
    • $23,500

      Land Near Silver Lake Dunes

      Residential land near Silver Lake Sand Dunes and local stores.
      North Lake Court lot: 20, Hart, MI 49420
      View Details
    • $19,900

      Residential Land in Hart, MI

      Residential building site with utilities and association maintenance.
      59 Creek Drive, Hart, MI 49420
      View Details
    • $29,900

      Hart Lake Building Site

      Building lot near Hart Lake with association access.
      3 W Harrison, Hart, MI 49420
      View Details
    • $369,000
      5,622 SF

      Hart Mixed-Use Investment Opportunity

      Four residential units and two commercial spaces in downtown Hart.
      53 & 55 S State Street, Hart, MI 49420
      View Details
    • $179,000

      Hart, MI Corner Lot

      Prime corner lot with commercial potential near Silver Lake.
      W Polk Road, Hart, MI 49420
      View Details

    FAQs

    What type of property is this?
    Commercial land - Centrally located 3.73-acre property on the Polk Road corridor.
    Where is this commercial land located?
    The property is located at V/L W Polk Road Hart, MI.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: 3.73 acre lot; Located on the corner of Polk Road and Industrial Drive; Centrally located property on the Polk Road corridor
    (231) 750-9706
    We can help!
    Listing Contact
    Mary Jo Schaner
    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!