Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Au Train Land Parcel Title is generated by Realmo AI

    TBD Parcel 2 16 Mile Lake Road, Au Train, MI 49806

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Au Train, MI

    Lot size:
    11.65 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    44
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for TBD Parcel 2 16 Mile Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    11.65 Acres

    Taxes and HOA fees

    Tax Year
    2025

    We can help!

    Listing Contact
    TAMMY FULCHER

    Listing agent TAMMY FULCHER License #6501415447

    Listing office FIVE STAR REAL ESTATE 807 W Front Street, Traverse City, MI

    Listing date Apr 8, 2026

    MLS# 50203672 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 11.66 acres of land surrounded by state land within the Hiawatha National Forest.
    • Located approximately 20 minutes from Munising, Lake Superior, and the Pictured Rocks National Lakeshore.
    • Suitable for building a home or camping.
    • Seller willing to pay back taxes to remove the property from CFA (Commercial Forest Act) with an accepted offer.
    • Red and white pine trees on the property.
    • Survey available.

    Overview

    This is Parcel 2, one of three parcels off 16 Mile Road in Au Train Township, located within the Hiawatha National Forest. The property spans 11.66 acres and features red and white pine trees, bordered by state land. It is suitable for building a home or for camping, with access to nearby lakes, streams, and trails. The location is approximately 20 minutes from Munising, Lake Superior, and the Pictured Rocks National Lakeshore. Two adjoining parcels, parcels 3 and 4, are also available, each measuring 11.66 acres. A survey is available. The property is currently enrolled in the Commercial Forest Act (CFA) for tax benefits. If the new owner intends to build on the land, it will need to be removed from the CFA. The seller is willing to pay back taxes to remove the property from CFA with an accepted offer. Taxes are not currently assessed and will be determined after purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Au Train
    County
    Alger
    State
    Michigan
    Longitude
    -86.7683
    Latitude
    46.417

    Nearby Similar for Sale

    • $160,000

      Buildable Land in Au Train

      16 wooded lots in Au Train, near Lake Superior.
      TBD BLOCK 23 Grove Street, Au Train, MI 49806
      View Details
    • $160,000

      Au Train City Block Land

      Large land parcel in Au Train, Michigan, near Lake Superior.
      TBD BLOCK 24 OAK Street, Au Train, MI 49806
      View Details
    • $100,000

      City Block Land in Au Train

      Large wooded parcel near Lake Superior with development potential.
      3/4 BLOCK 25 N Oak Street, Au Train, MI 49806
      View Details
    • $160,000

      City Block in Au Train

      16 wooded lots in Au Train, near Lake Superior.
      TBD BLOCK 24 OAK Street, Au Train, MI 49806
      View Details
    • $100,000

      Au Train City Block Land

      Large land parcel in Au Train near Lake Superior.
      3/4 BLOCK 25 N Oak Street, Au Train, MI 49806
      View Details
    • $160,000

      Au Train City Block Land

      Large land parcel in Au Train near Lake Superior.
      TBD BLOCK 23 Grove Street, Au Train, MI 49806
      View Details
    • $224,900

      Au Train Lake Waterfront Land

      4.54 acres with 150 ft of sandy frontage.
      Autrain Forest Lake Road, Au Train, MI 49806
      View Details
    • $295,000

      Lake Superior Building Site

      Spectacular Lake Superior building site with 255 feet frontage.
      Parcel 153 Shore Drive, Au Train, MI 49806
      View Details
    • $40,000

      Land Parcel Near National Forest

      11.66 acres near Munising, Lake Superior, and Pictured Rocks.
      TBD Parcel 3 16 Mile Lake Road, Au Train, MI 49806
      View Details
    • $40,000

      Au Train Land Parcel

      11.66 acre land parcel surrounded by state land.
      TBD Parcel 4 16 Mile Lake Road, Au Train, MI 49806
      View Details
    • $1,975,000

      Lake Superior Frontage Land

      485-acre forested property with over 6,000 feet of Lake Superior frontage.
      N Point Road, Au Train, MI 49806
      View Details
    • $300,250

      120 Acres Vacant Land For Sale

      120-acre property for residential and recreational opportunities in Au Train, MI.
      Peter White Road, Au Train, MI 49806
      View Details

    FAQs

    What type of property is this?
    Land - 11.66 acres near Hiawatha National Forest.
    Where is this land located?
    The property is located at TBD Parcel 2 16 Mile Lake Road Au Train, MI.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: 11.66 acres of land surrounded by state land within the Hiawatha National Forest.; Located approximately 20 minutes from Munising, Lake Superior, and the Pictured Rocks National Lakeshore.; Suitable for building a home or camping.
    (906) 202-3359
    We can help!
    Listing Contact
    TAMMY FULCHER
    Real Estate License ID: 6501415447
    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
    TBD Parcel 2 16 Mile Lake Road, Au Train, MI 49806
    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!