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    Equestian Farm with Indoor Arena Barn Title is generated by Realmo AI

    2695 62ND STREET, Fennville, MI 49408

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    New
    For Sale
    $459,900

    farm/ranch - FENNVILLE, MI

    Type:Farm
    Property size:
    1,071 SF
    Lot size:
    11.02 Acres
    Price / SF:
    $429/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 2695 62ND STREET

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Interior features
    RANGE, REFRIGERATOR EAT-IN KITCHEN
    Exterior features
    VINYL SIDING, BRICK, VINYL SIDING
    Standard status
    Active
    Size
    1,071 SF
    Lot size
    11.02 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1950
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kersh Ruhl

    Listing agent Kersh Ruhl

    Listing office Holland Summit 691 Ottawa Beach Road, MI

    Listing date Jun 5, 2026

    MLS# 26027166 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

    • 11‑acre property in Saugatuck Township with a 2‑bedroom, 1‑bath ranch home
    • Impressive barn with an indoor arena and four horse stalls
    • Barn includes a connected bunk house with a bedroom, bathroom, and office space
    • Home features forced‑air heating and a kitchen with range and refrigerator
    • Includes a horse trailer with the sale
    • Sold as‑is; exclusions include John Deere tractor and attachments, boat, riding lawn mower, cannon, and wagon wheels

    Overview

    This for-sale equestrian farm on 11.02 acres includes a 2-bedroom, 1-bath home and an impressive barn built for horse use. The barn features an indoor arena and four horse stalls, along with a connected bunk house. The bunk house provides a bedroom, a bathroom, and office space directly connected to the barn.

    The property is located in Saugatuck Township in Allegan County, just under 15 minutes from Saugatuck, Douglas, and the shores of Lake Michigan. The home and barn are offered as-is, and the sale includes a horse trailer.

    A strong fit for an owner-operator seeking an equestrian setup with on-site living space, the layout supports daily barn routines and extended stays with the attached bunk house. The listing also notes that a John Deere tractor and attachments, a boat, a riding lawn mower, cannon, and wagon wheels are excluded from the sale, and the seller reserves the right to tools and miscellaneous items currently located in the barn. Prospective buyers should plan to review the property condition and any included/excluded personal property as part of their due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Veterinary Clinic Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fennville
    County
    Allegan
    State
    Michigan
    Longitude
    -86.1525761
    Latitude
    42.6148539

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    FAQs

    What type of property is this?
    Horse & equestrian property - 11-acre farm featuring a 2-bedroom home and an indoor arena barn with four stalls and attached bunk house.
    Where is this horse & equestrian property located?
    The property is located at 2695 62ND STREET Fennville, MI.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: 11‑acre property in Saugatuck Township with a 2‑bedroom, 1‑bath ranch home; Impressive barn with an indoor arena and four horse stalls; Barn includes a connected bunk house with a bedroom, bathroom, and office space
    (616) 212-8418
    We can help!
    Listing Contact
    Kersh Ruhl
    Real Estate License ID: 6506046743
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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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