Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded 2.5 Acre Buildable Lot Title is generated by Realmo AI

    0001 Cedar River Road, Mancelona, MI 49659

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    Vacant Lot/Land - Mancelona, MI

    Lot size:
    2.50 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    33
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 0001 Cedar River Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential,Outbuildings Allowed
    Exterior features
    None, Countryside View, Seasonal View
    Standard status
    Pending
    Lot size
    2.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bonnie Garrett

    Listing agent Bonnie Garrett

    Listing office The Difference Real Estate 103 W. Third Street, Kalkaska, MI

    Listing date Apr 28, 2026

    MLS# 1943516 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This is a 2.5-acre wooded lot suitable for building, located just outside of Mancelona, Michigan. The property is zoned for residential use and allows for outbuildings. Utilities including electricity, telephone, and cable are available at the roadside. The lot benefits from access to a paved, publicly maintained road. A private well and septic system are available for installation. The property is located within the Mancelona school district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mancelona
    County
    Antrim
    State
    Michigan
    Longitude
    -85.0717028
    Latitude
    44.9067081

    Nearby Similar for Sale

    • $328,500
      1,380 SF

      Thriving Business Opportunity in Mancelona

      Party store, gas station, and RV hookup site for sale.
      11380 NE Starvation Lake Road, Mancelona, MI 49659
      View Details
    • $32,000

      Land South of Mancelona

      Commercial land near Mancelona, suitable for small business.
      00 US-131 N, MANCELONA, MI 49659
      View Details
    • $5,000

      Half-Acre Lot in Lakes Community

      Buildable lot in Lakes of the North community.
      9960 Northridge Dr., Mancelona, MI 49659
      View Details
    • $79,000

      Mancelona Vacant Land Parcel

      Ten acre vacant land parcel on city limits edge.
      Kresnak Road, Mancelona, MI 49659
      View Details
    • $5,250

      Lakes of the North Double Lot

      Residential land with community amenities and recreational opportunities.
      L 320-321 WHISPERING PINES DRIVE, MANCELONA, MI 49659
      View Details
    • $239,000

      Improved Vacant Land For Agriculture

      10 acres with irrigation, pole barn, and cooler.
      808 Kresnak Road, Mancelona, MI 49659
      View Details
    • $3,500

      Wooded Lot in Lakes Community

      Vacant lot in Lakes of the North community.
      430 Northridge Drive, Mancelona, MI 49659
      View Details
    • $3,500

      Wooded Lot in Lakes Community

      Vacant lot with community amenities in Northern Michigan.
      363 Wyndwood Drive, Mancelona, MI 49659
      View Details
    • $3,500

      Heavily Wooded Corner Lot

      Tranquil 0.62 acre corner lot in Lakes of the North.
      Lot 388 Wyndwood Drive, Mancelona, MI 49659
      View Details
    • $328,500
      1,380 SF

      Party Store, Gas Station, RV

      Thriving business with gas, store, and RV hookups near lake.
      11380 Starvation Lake Road NE, Blue Lake Township, MI 49659
      View Details
    • $169,000

      Secluded Hunting and Recreational Land

      38.6 acres of secluded hunting and recreational land.
      8241 Anger Road, Mancelona, MI 49659
      View Details
    • $332,000

      80 Acres in Northern Michigan

      80-acre corner parcel suitable for residential, recreational, or commercial use.
      4856 Mancelona Road, Mancelona, MI 49659
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.5 acre wooded lot near Mancelona, Michigan.
    Where is this residential land & home lot located?
    The property is located at 0001 Cedar River Road Mancelona, MI.
    What is the asking price?
    The asking price for this property is Off market.
    (231) 564-2600
    We can help!
    Listing Contact
    Bonnie Garrett
    Real Estate License ID: 630153393
    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
    0001 Cedar River Road, Mancelona, MI 49659
    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!