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

    LOT #21 HEMLOCK STREET, Mc Bain, MI 49657

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    land - RIVERSIDE TWP, MI

    Type:Condominium
    Lot size:
    0.71 Acres
    Added:
    May 29, 2026
    Days on Market:
    1
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for LOT #21 HEMLOCK STREET

    General Information

    Property type
    Land
    Property subtype
    Condominium
    Standard status
    Active
    Lot size
    0.71 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Peter Nemish

    Listing agent Peter Nemish

    Listing office Cadillac 2721 Sunnyside Drive, MI

    Listing date May 29, 2026

    MLS# 78080007431 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt 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

    • Large .71 acre +/- lot suitable for building a dream home.
    • Located in the desirable 'countryside' village of McBain within the 'Hughston Estates' site condo subdivision.
    • Cleared for buildability with wooded area toward the back of the lot.
    • Multiple lots available, ranging from .61 acre to 3.62 acres.
    • Convenient driving distance to Cadillac and multiple inland lakes.
    • Accessible to Big Rapids, Lake Michigan, and Traverse City.

    Overview

    This 0.71 acre lot is a great place to build a dream home in the countryside village of McBain. Located in the Hughston Estates site condo subdivision, the property is a short drive to Cadillac and multiple inland lakes, about 45 minutes south of Big Rapids, and a little over an hour from Lake Michigan to the west or Traverse City to the northwest. The lot has been cleared for buildability, with wooded areas toward the back.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Bain
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.2089294
    Latitude
    44.1920696

    Nearby Similar for Sale

    • $2,250,000
      10,000 SF

      McBain Industrial Opportunity For Sale

      Versatile industrial space on 9 acres in McBain, Michigan.
      6851 W Gerwoude Dr, McBain, MI 49657
      View Details
    • $225,000

      Residential Land Lots in Riverside

      15 residential lots in McBain, Michigan, ranging from .61-3.62 acres.
      15 LOTS HEMLOCK STREET, RIVERSIDE TWP, MI 49657
      View Details
    • $24,900

      Residential Lot in McBain, MI

      2.87 acre lot suitable for building a dream home.
      LOT #8 S HEMLOCK STREET, MCBAIN, MI 49657
      View Details
    • $19,900

      Land in McBain, Michigan

      4.06 acre lot suitable for building a dream home.
      0 HEMLOCK STREET, MCBAIN, MI 49657
      View Details
    • $24,900

      Riverside Twp Land For Sale

      2.3 acre lot in Hughston Estates subdivision.
      LOT #3 S HEMLOCK STREET, RIVERSIDE TWP, MI 49657
      View Details
    • $17,900

      Residential Land in McBain, MI

      2.7 acre lot, build your dream home!
      LOT #11 HEMLOCK STREET, MCBAIN, MI 49657
      View Details
    • $12,900

      Residential Lot in McBain, MI

      0.62 acre lot ready for your dream home.
      LOT #14 HEMLOCK STREET, MCBAIN, MI 49657
      View Details
    • $17,900

      Residential Lot in McBain, MI

      1.3 acre lot ready for your dream home!
      LOT #10 HEMLOCK STREET, MCBAIN, MI 49657
      View Details
    • $19,900

      Riverside Twp Land Opportunity

      3.62 acre lot in McBain, build your dream home.
      LOT #18 HEMLOCK STREET, RIVERSIDE TWP, MI 49657
      View Details
    • $17,900

      Riverside Township Land Opportunity

      1.3 acre lot in McBain, build your dream home.
      LOT #10 HEMLOCK STREET, RIVERSIDE TWP, MI 49657
      View Details
    • $17,900

      Riverside Twp Land For Sale

      2.82 acre lot in Hughston Estates subdivision.
      LOT #9 HEMLOCK STREET, RIVERSIDE TWP, MI 49657
      View Details
    • $24,900

      Land in Hughston Estates, McBain

      2.5 acre lot in McBain, build your dream home.
      LOT #2 S HEMLOCK STREET, MCBAIN, MI 49657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.71 acre lot in McBain, build your dream home!
    Where is this residential land & home lot located?
    The property is located at LOT #21 HEMLOCK STREET Mc Bain, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large .71 acre +/- lot suitable for building a dream home.; Located in the desirable 'countryside' village of McBain within the 'Hughston Estates' site condo subdivision.; Cleared for buildability with wooded area toward the back of the lot.
    (231) 920-8424
    We can help!
    Listing Contact
    Peter Nemish
    Real Estate License ID: 6506038299
    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
    LOT #21 HEMLOCK STREET, RIVERSIDE TWP, MI 49657
    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!