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

    00 E Rudy Dr Northport, MI 49670

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    21+ acre parcel with distant views and agricultural potential.

    Type:Land
    Lot size:
    21.00 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 27 at 12:28 am

    Property Features for 00 E Rudy Dr

    General Information

    Standard status
    Active
    Lot size
    21.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mark D Hagan
    Mark D Hagan

    Listing agent Mark D Hagan License #6506006708

    Listing office Coldwell Banker Schmidt Family Of Companies

    Listing date Apr 27, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Family Of Companies

    Overview

    Leelanau County Agricultural Land Parcel

    This 21+ acre parcel is located in a rural area in the heart of Leelanau County. The property offers distant views of Northport Bay to the east and Lake Michigan to the west. The land is mostly cleared with rolling hills and countryside surroundings, providing sunrises and sunsets. The topography is suitable for agricultural or residential uses. It is located on one of the highest elevations in the county, making it a potential site for vineyards, orchards, and vegetable crops. The property is close to the villages of Northport, Omena, Leland, and Suttons Bay. The bike score is 17, indicating it is somewhat bikeable, and the walk score is 0, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Northport
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.6214
    Latitude
    45.1138

    Nearby Similar for Sale

    • $499,000
      1,900 SF

      Northport Retail Store with Acreage

      Retail store with acreage near Northport, Michigan, for sale.
      11184 N Mill Street, Northport, MI 49670
      View Details
    • $750,000

      Land with Distant Bay Views

      21+ acre parcel in Leelanau County with stunning views.
      00 E RUDY DRIVE, LEELANAU TWP, MI 49670
      View Details
    • $750,000

      Northport Land with Bay Views

      21+ acre parcel with distant bay and lake views.
      00 E RUDY DRIVE, NORTHPORT, MI 49670
      View Details
    • $799,000

      Preserved Orchard Land on M-22

      40+ acres of preserved orchard land in Leelanau Township.
      N Manitou Trail, Northport, MI 49670
      View Details
    • $1,200,000

      Northport 40-Acre Sunset View Parcel

      40 acres with Lake Michigan views in Leelanau County.
      N Christianson Road, Northport, MI 49670
      View Details
    • $600,000

      Land with Lake Michigan Views

      27 acres with Lake Michigan sunset views in Northport, MI.
      7200 N Christianson Road, Northport, MI 49670
      View Details
    • $300,000

      Northport Vacant Land with Orchard

      10-acre lot with cherry orchard near Omena, Northport & Leland.
      V/L N Matheson Road, Northport, MI 49670
      View Details
    • $499,000

      Northport Buildable Acreage with Building

      7.88 acres near Northport with existing building and utilities.
      11184 N Mill Street, Northport, MI 49670
      View Details
    • $450,000

      Northport Land with Cherry Orchard

      18+ acre vacant land, currently a cherry orchard.
      V/L E Tatch Road, Northport, MI 49670
      View Details
    • $740,000

      37 Acres Near Grand Traverse Bay

      Large acreage with proximity to trails and public water access.
      37 Acres N Cathead Bay Drive, Northport, MI 49670
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 21+ acre parcel with distant views and agricultural potential.
    Where is this agricultural land / farmland located?
    The property is located at 00 E Rudy Dr Northport, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Large 21+ acre parcel, one of the last remaining of its size in the county.; Enjoy distant views of Northport Bay and Lake Michigan.; High elevation with rolling hills and stunning countryside surroundings.
    (231) 929-7985
    We can help!
    Listing Contact
    Mark D Hagan
    Mark D Hagan
    Real Estate License ID: 6506006708
    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!