Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    VL OLD CHANNEL TRAIL Montague, MI 49437

    View on Map
    Claim this Listing
    Pending
    $79,900

    land - MONTAGUE, MI

    Lot size:
    2.87 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    20
    Last Refresh:
    May 3 at 3:06 am

    Property Features for VL OLD CHANNEL TRAIL

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    2.87 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathryn Rice

    Listing agent Kathryn Rice

    Listing office Whitehall 223 E Colby, MI

    Listing date Apr 14, 2026

    MLS# 26010066 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt 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

    Wooded Acreage Near Lake Michigan

    This is a 2.87-acre private and beautifully wooded acreage that is walking distance to both Lake Michigan and White Lake, with access to a boat launch. It is a short drive to town. The property offers space to create a desired layout and enjoy mature trees and the sound of the waves. It would be perfect for a year-round home build or a getaway cottage. The property is located in Montague, Muskegon County, MI.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Montague
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.3736
    Latitude
    43.4421

    Nearby Similar for Sale

    • $525,000
      3,344 SF

      Downtown Montague Office Building For Sale

      3,344 SF office building in downtown Montague, Michigan.
      4534 Dowling Street, Montague, MI 49437
      View Details
    • $595,000

      Waterfront Land Overlooking White Lake

      Wooded waterfront property with potential for custom home or development.
      8028 Old Channel Trail, Montague, MI 49437
      View Details
    • $25,000

      Ellenwood Landing Marina Slip

      Marina slip with clubhouse, pool, and included amenities.
      8542 Ellenwood Drive, Montague, MI 49437
      View Details
    • $259,800

      Land in Gated Community

      3.43 acre lot in Montague, MI with Lake Michigan access.
      21 Peppers Trail, Montague, MI 49437
      View Details
    • $179,800

      Montague Land with Lake Access

      1.52 acre lot in gated community with lake access.
      1 Bix Trail, Montague, MI 49437
      View Details
    • $37,500

      Ellenwood Landing Marina Slip

      Marina slip with amenities in gated Montague community.
      8560 Ellenwood Drive, Montague, MI 49437
      View Details
    • $139,900

      White Lake Frontage Lot

      Residential land in Montague with White Lake frontage and dock access.
      Old Channel Trail lot: 3, Montague, MI 49437
      View Details
    • $139,900

      White Lake Buildable Lot

      Buildable lot with hilltop view, city services, and boat dock.
      Old Channel Trail lot: 2, Montague, MI 49437
      View Details
    • $19,000

      Land Near Lake Michigan

      2.91 acres near Lake Michigan, ideal for camping.
      V/L W Fruitvale Road, Montague, MI 49437
      View Details
    • $499,900

      20 Acres in Montague, MI

      20-acre wooded parcel, perfect for development or a dream home.
      V/L Whitbeck Road, Montague, MI 49437
      View Details
    • $79,900

      Montague Land Near Lake Michigan

      Wooded acreage near Lake Michigan and White Lake.
      VL Old Channel Trail, Montague, MI 49437
      View Details
    • $90,000

      Montague Land For Sale

      10.62 acre land parcel in Montague, Michigan.
      V/L W Meinert Road, Montague, MI 49437
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private wooded acreage near Lake Michigan and White Lake.
    Where is this residential land & home lot located?
    The property is located at VL OLD CHANNEL TRAIL Montague, MI.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Walking distance to Lake Michigan and White Lake; Access to a boat launch; Private and beautifully wooded acreage
    (231) 903-3060
    We can help!
    Listing Contact
    Kathryn Rice
    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 OLD CHANNEL TRAIL, MONTAGUE, MI 49437

    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!