Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land with River Views Title is generated by Realmo AI

    18160 Indian Village Road, Big Rapids, MI 49307

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Level waterfront land with stunning Muskegon River views.

    Type:Land / Acreage
    Property size:
    27,007 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $2/SF
    Added:
    Nov 8, 2017
    Days on Market:
    3132
    Last Refresh:
    Mar 13 at 1:28 pm

    Property Features for 18160 Indian Village Road

    General Information

    Standard status
    Active
    Size
    27,007 SF
    Lot size
    0.62 Acres
    Property subtype
    Land / Acreage

    We can help!

    Listing Contact
    Becky Young
    Becky Young

    Listing agent Becky Young License #6501437039

    Listing office Coldwell Banker Lakes Realty

    Listing date Nov 8, 2017

    Source Compass

    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 Lakes Realty

    HighLights

    • Stunning views of the Muskegon River
    • Direct water access suitable for kayaking and flat‑bottom boats
    • Level building site with a ravine leading to the water
    • Serene and peaceful location
    • Conveniently located: 10 minutes to M131 and 8 minutes to shopping
    • Water view amenity

    Overview

    This property offers stunning views of the Muskegon River. The land is level, suitable for building, and features a small ravine leading to the water. It is suitable for kayaking or using a flat-bottom fishing boat. The area is serene and located approximately 10 minutes from M131 and an additional 8 minutes from shopping areas. The property size is 27007 square feet.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.447495
    Latitude
    43.791225

    Nearby Similar for Sale

    • $315,000
      6,000 SF

      Versatile Commercial Building with Storage

      6,000+ sq ft building with updated office and storage units.
      510 N Bronson Avenue, Big Rapids, MI 49307
      View Details
    • $900,000
      4,085 SF

      Established Business and Executive Ranch

      Successful business, real estate, and executive ranch package deal.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $449,900
      10,500 SF

      Spacious Retail Building, Big Rapids

      10,500 SF retail building with parking in Downtown Big Rapids.
      310 N Michigan Avenue, Big Rapids, MI 49307
      View Details
    • $230,000
      6,000 SF

      Versatile Commercial Space Near Highway

      6000 sqft commercial space with living/office potential on 2.59 acres.
      18470 195th Ave, Big Rapids, MI 49307
      View Details
    • $230,000
      6,000 SF

      Versatile Flex Space Opportunity

      6000+ sqft flex space on almost 3 acres.
      18470 195th Avenue, Big Rapids, MI 49307
      View Details
    • $299,900
      2,177 SF

      Big Rapids Office with Acreage

      Versatile office building on 1.42 acres near Big Rapids.
      18554 Northland Drive, Big Rapids, MI 49307
      View Details
    • $299,900
      2,177 SF

      Versatile Commercial Building on Northland

      2,177 sq ft building on 1.42 acres near Big Rapids.
      18554 Northland Drive, Big Rapids, MI 49307
      View Details
    • $129,000
      2,497 SF

      Commercial Building in Big Rapids

      Commercial building in the heart of Big Rapids, Michigan.
      115 Hemlock Street, Big Rapids, MI 49307
      View Details
    • $425,000
      4,085 SF

      Kelly's Deer Processing Business Opportunity

      Established business with real estate and equipment included in sale.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $645,000
      2,758 SF

      Big Rapids Commercial Building

      Well-maintained commercial building with frontage on the Muskegon River.
      520 S 3rd Street, Big Rapids, MI 49307
      View Details
    • $679,000

      Historic Victorian Multifamily Property

      Eastlake-style Victorian masterpiece, currently a commercial space with rental units.
      414 Maple Street, Big Rapids, MI 49307
      View Details
    • $500,000

      Prime Commercial Land Opportunity

      2.12-acre commercial land in a high-traffic Big Rapids corridor.
      Perry Avenue, Big Rapids, MI 49307
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Level waterfront land with stunning Muskegon River views.
    Where is this waterfront land located?
    The property is located at 18160 Indian Village Road Big Rapids, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Stunning views of the Muskegon River; Direct water access suitable for kayaking and flat‑bottom boats; Level building site with a ravine leading to the water
    (517) 899-7698
    We can help!
    Listing Contact
    Becky Young
    Becky Young
    Real Estate License ID: 6501437039
    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
    18160 Indian Village Road, Big Rapids, MI 49307
    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!