Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    TBD Parcel 3 Paint River Crystal Falls, MI 49920

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant Land - Crystal Falls, MI

    Lot size:
    2.15 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    325
    Last Refresh:
    Apr 25 at 7:06 pm

    Property Features for TBD Parcel 3 Paint River

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    36-002-069-00
    Lot size
    2.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    STEVE HARRIS
    STEVE HARRIS

    Listing agent STEVE HARRIS

    Listing office HARRIS STATE WIDE 221 East A Street, Iron Mountain, MI

    Listing date Jun 5, 2025

    MLS# 50177333 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.

    Overview

    Red Pine Forest Building Site

    This 2.15-acre building site, located just north of Crystal Falls in Michigan's Upper Peninsula, features a red pine forest and sandy soils suitable for conventional septic installation. The property has been fully surveyed and includes an access road with legal ingress and egress established in the conveyance deed. Electric service will need to be brought to the property by the purchaser. A road maintenance agreement is available for review. This is one of three lots being sold off Paint River Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Falls
    County
    Iron
    State
    Michigan
    Longitude
    -88.357527
    Latitude
    46.1125702

    Nearby Similar for Sale

    • $172,900
      2,000 SF

      Turnkey Bar & Restaurant Opportunity

      Fully equipped, remodeled bar and restaurant in historic downtown building.
      329 Superior, Crystal Falls, MI 49920
      View Details
    • $114,000
      5,663 SF

      Turnkey Bakery & Café Opportunity

      Fully operational bakery and café in Crystal Falls, Michigan.
      318 Superior, Crystal Falls, MI 49920
      View Details
    • $49,900

      Armstrong Lake Vacant Land

      Buildable lot with frontage on a private, all-sports lake.
      522 Elvira, Crystal Falls, MI 49920
      View Details
    • $339,900
      5,400 SF

      Turn-Key 6-Unit Investment Opportunity

      6-unit complex with laundry, garage, and tenant-paid utilities.
      401 Marquette, Crystal Falls, MI 49920
      View Details
    • $59,900

      10 Acre Parcel Near Town

      Beautiful 10-acre parcel perfect for building your dream home.
      530 Lind, Crystal Falls, MI 49920
      View Details
    • $195,000

      Waterfront Land with Camper and Cabin

      0.75 acre waterfront lot with camper, cabin, dock, and lift.
      253 E Lake Emily, Crystal Falls, MI 49920
      View Details
    • $24,500

      Land Near Emily Lake

      1.05 acre parcel near Emily Lake in Crystal Falls.
      176 E Lake Emily, Crystal Falls, MI 49920
      View Details
    • $39,500

      Garage on Vacant Land

      Vacant land with insulated garage and potential for building.
      5 Marquette, Crystal Falls, MI 49920
      View Details
    • $499,999
      5,250 SF

      Crystal Falls Mobile Home Park

      Almost 11-acre mobile home park with commercial land.
      TBD 10.6 AC US 2, Crystal Falls, MI 49920
      View Details
    • $179,900
      22,398 SF

      Iconic Emporium in Crystal Falls

      Established antique store with development potential in Crystal Falls, MI.
      308/312 Superior, Crystal Falls, MI 49920
      View Details
    • $78,000

      78 Acres Vacant Land

      78-acre vacant land parcel for outdoor enthusiasts.
      TBD WESTS ROAD, CRYSTAL FALLS, MI 49920
      View Details
    • $42,500

      Land Parcel Near Fire Lake

      6+ acre parcel near Fire Lake and state land.
      Bates-Amasa, Crystal Falls, MI 49920
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.15 acres of vacant land in Crystal Falls, MI.
    Where is this residential land & home lot located?
    The property is located at TBD Parcel 3 Paint River Crystal Falls, 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: 2.15 acre building site nestled in a beautiful red pine forest.; Sandy soils make it suitable for conventional septic installation.; Fully surveyed with legal access (ingress/egress) established in deed.
    (906) 828-1099
    We can help!
    Listing Contact
    STEVE HARRIS
    STEVE HARRIS
    Real Estate License ID: UPAR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!