Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    S Shady Grove Dr Baldwin, MI 49304

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.51-acre vacant land parcel with Bayak Beach access.

    Lot size:
    0.51 Acres

    Property Features for S Shady Grove Dr

    General Information

    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Jessica Rorman
    Source: Elliman

    Listing Agent: Jessica Rorman

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

    Learn more

    Overview

    Vacant Land Near Bayak Beach

    This 0.51-acre vacant land parcel provides access to Bayak Beach. Located near Big Star Lake, the property benefits from proximity to a public boat launch. The surrounding area includes thousands of acres of federal and state land suitable for trail riding and nature exploration. This property is suited for building a cabin or enjoying outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Baldwin
    County
    Lake
    State
    Michigan
    Longitude
    -85.967284
    Latitude
    43.819722

    Nearby Similar for Sale

    • $134,900
      1,640 SF

      Duplex in Baldwin Investment Opportunity

      Duplex with two units, updated in 2021, great investment.
      1038 Michigan Ave, Baldwin, MI 49304
      View Details
    • $1,000,000
      Pending

      Turn-Key Campground and Cabins on 14 Acres

      Meticulously maintained campground and cabins near Manistee National Forest.
      7332 S M-37, Baldwin, MI 49304
      View Details
    • $180,000
      1,800 SF

      Baldwin Commercial Property on US10

      Commercial property on US10 with high visibility and accessibility.
      1234 Washington St, Baldwin, MI 49304
      View Details
    • New
      $399,900
      2,375 SF

      Baldwin Retail Space on Acreage

      Turn-key retail space with acreage for growth in Baldwin, MI.
      8330 S M 37, Baldwin, MI 49304
      View Details
    • $700,000
      2,800 SF

      Established Baldwin Business Opportunity

      Thriving business with real estate near Big Star Lake.
      16421 S Star Lake Dr, Baldwin, MI 49304
      View Details
    • $350,000
      3,800 SF

      Baldwin Commercial Property on US10

      High-visibility commercial property on 4 acres in Baldwin, Michigan.
      2748 W Us Highway 10, Baldwin, MI 49304
      View Details
    • $99,900
      6,800 SF

      Baldwin Commercial Investment Opportunity

      Six-unit commercial building in the heart of Baldwin, Michigan.
      710 7Th St, Baldwin, MI 49304
      View Details
    • $64,900
      0.67 Acres

      Waterfront Building Site on Government Lake

      0.67 acre building site with 162 feet of waterfront.
      V/L Way Wilma's, Baldwin, MI 49304
      View Details
    • $225,000
      1,600 SF

      Iconic Bar in Baldwin, MI

      Established bar for sale in downtown Baldwin, Michigan.
      867 M-37, Baldwin, MI 49304
      View Details
    • $87,500

      Well-Maintained RV Park Model

      Furnished RV park model with three-season room and shed.
      9325 S Lazy Ln, Baldwin, MI 49304
      View Details
    • $5,500,000

      Profitable RV Park Near Ludington

      RV park with cabins, tent sites, and expansion potential.
      11713 West 40Th St, Baldwin, MI 49402
      View Details
    • $475,000
      9,180 SF

      Baldwin Bowling Center - Thriving Business

      Established Bowling Alley, Full Bar & More
      708 Michigan St, Baldwin, MI 49304
      View Details

    FAQs

    What type of property is this?
    Land - 0.51-acre vacant land parcel with Bayak Beach access.
    Where is this land located?
    The property is located at S Shady Grove Dr Baldwin, MI.
    What is the asking price?
    The asking price for this property is $22,500.
    What are key features of this property?
    This property features: - .51-acre vacant land parcel.; - Ideal for building a cabin.; - Access to Bayak Beach.
    (231) 281-7428
    Request Owner's contact information
    S Shady Grove Dr Baldwin, MI 49304
    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.
    S Shady Grove Dr
    Baldwin, MI 49304
    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
    S Shady Grove Dr Baldwin, MI 49304
    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

    We can help!
    Listing Contact
    Jessica Rorman
    (231) 281-7428
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.