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    Lakefront Land with Pole Building Title is generated by Realmo AI

    24425 Clam Lake Drive, Siren, WI 54872

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    For Sale
    $395,000

    LAND - Siren, WI

    Lot size:
    1.84 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 24425 Clam Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    070302381602505012011300
    Lot size
    1.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 CSM#4571 V25 P134 (GL 12)#433372
    Tax Annual Amount
    1993

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Jenny Kreuser
    Jenny Kreuser

    Listing agent Jenny Kreuser License #88915-94

    Listing office eXp Realty LLC 8383 Greenway Blvd., Ste. 600, Middleton, WI

    Listing date Jun 1, 2026

    MLS# 1601769 Listing URL

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

    HighLights

    • 1.84‑acre lake lot with 163 ft of west‑facing frontage on Clam Lake for waterfront enjoyment
    • Level building site ready for a future lake home or cabin
    • 40x56 pole building built in 2017 with concrete floor, 200‑amp electrical service, loft storage, 16‑ft walls, and 14‑ft RV door
    • Dock plus additional improvements including sand point well and 2023 holding tank septic system rated for 1–3 BR
    • Detached accessory structure and private wooded driveway; property sits among mature trees
    • Water source: well; sewer: septic tank

    Overview

    This 1.84-acre lakefront parcel on Clam Lake features a level building site and 163 feet of west-facing frontage. The property is improved with a 40x56 pole building constructed in 2017, offering a concrete floor, loft storage area, 16-foot walls, and a 14-foot RV door. Electrical service is listed as 200-amp. Additional site improvements include a sand point well, a 2023 holding tank septic system rated for 1-3 BR, a dock, and a detached accessory structure.

    The property is set among mature trees and accessed by a private wooded driveway, providing a more secluded setting. The waterfront setup supports boating, fishing, and recreation, and the listing notes two boat-up bar or restaurant options accessible by water.

    For buyers looking to build a future lake home or cabin, the site offers shoreline frontage plus existing utility and on-site infrastructure. For recreational owners and operators, the combination of the level lot, dock access, and enclosed storage from the pole building can support year-round storage for boats, campers, and RVs while keeping the option open to develop the property later.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Hotel & Motel Electrical Service Daycare Center Bed & Breakfast Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Siren
    County
    Burnett
    State
    Wisconsin
    Longitude
    -92.31544
    Latitude
    45.800263

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    FAQs

    What type of property is this?
    Waterfront Land - West-facing Clam Lake shoreline lot with level building site and a 2017 pole building for year-round storage use.
    Where is this waterfront land located?
    The property is located at 24425 Clam Lake Drive Siren, WI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 1.84‑acre lake lot with 163 ft of west‑facing frontage on Clam Lake for waterfront enjoyment; Level building site ready for a future lake home or cabin; 40x56 pole building built in 2017 with concrete floor, 200‑amp electrical service, loft storage, 16‑ft walls, and 14‑ft RV door
    (715) 821-1476
    We can help!
    Listing Contact
    Jenny Kreuser
    Jenny Kreuser
    Real Estate License ID: 88915-94
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    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.

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