Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    20 Acres of Vacant Land Title is generated by Realmo AI

    3250 W Co. Rd. 565, Gwinn, MI 49841

    View on Map
    Claim this Listing
    Pending
    $46,000

    LAND - Gwinn, MI

    Lot size:
    20.00 Acres
    Added:
    May 11, 2026
    Days on Market:
    12
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 3250 W Co. Rd. 565

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    471

    We can help!

    Listing Contact
    DON SCHINELLA
    DON SCHINELLA

    Listing agent DON SCHINELLA License #6502349729

    Listing office SELECT REALTY 2363 US41 W, Marquette, MI

    Listing date May 11, 2026

    MLS# 50207071 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

    • 20 acres bordered on 3 sides by state land, providing direct access to thousands of acres for recreation and wildlife habitat.
    • Year‑round access and power at the road offer convenience and development potential.
    • Located near the Escanaba River (on adjoining state property), ideal for outdoor enthusiasts.
    • Conveniently located just off County Road 565 and a short distance from M35.
    • Suitable for various uses: farm, new home, hunting camp, or private getaway.
    • Hard to find acreage in this location.

    Overview

    This 20-acre parcel of land, formerly a working farm, presents opportunities for various uses, including farming, residential construction, a hunting camp, or a private cabin. The property is located off County Road 565, providing year-round access and available power. Bordered on three sides by state land, the acreage grants direct access to recreational areas and wildlife habitats. The adjacent state property features the Escanaba River. Situated a short distance from M35, the property is listed as vacant land due to the existing mobile home having no value. The property is sold as-is.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Gwinn
    County
    Marquette
    State
    Michigan
    Longitude
    -87.4701
    Latitude
    46.2832

    Nearby Similar for Sale

    • $450,000
      38,997 SF

      Former School Building on 19+ Acres

      Partially remodeled former school with multi-family potential on 19+ acres.
      530 Mitchell Street, Gwinn, MI 49841
      View Details
    • $450,000
      38,997 SF

      Former School Building on 19 Acres

      Partially remodeled former school building with immense potential on 19.38 acres.
      530 Mitchell Street, Gwinn, MI 49841
      View Details
    • $750,000
      7,263 SF

      Turnkey Hospitality Opportunity Near Airport

      Updated inn near airport with outdoor amenities and trail access.
      190 E M - 35 Highway, Gwinn, MI 49841
      View Details
    • $750,000
      7,263 SF

      Turnkey Hospitality Opportunity in Gwinn

      Updated motel near airport and trails, ready for new owner.
      190 E M - 35 Highway, Gwinn, MI 49841
      View Details
    • $169,000
      2,212 SF

      Well-Maintained Duplex in Gwinn, MI

      Side-by-side duplex with strong rental history and reliable tenants.
      637 & 639 Valkyrie Street, Gwinn, MI 49841
      View Details
    • $145,000
      3,417 SF

      Former Store in Little Lake

      Former store with highway frontage in Little Lake, Michigan.
      1673 E M-35 Highway, Gwinn, MI 49841
      View Details
    • $2,690,000
      55,200 SF

      Established Storage Facilities Investment Package

      Three storage facilities with 192 units and outdoor storage.
      115 M-553 Highway, Gwinn, MI 49841
      View Details
    • $625,000
      15,010 SF

      Spacious Commercial Building on M35

      15,000+ sq ft retail/storage on 1.1 acres in Gwinn.
      105 W M35 Highway, Gwinn, MI 49841
      View Details
    • $3,899,500

      Prime Commercial Land in Gwinn

      77.99 acre commercial site suited for various developments.
      S M-553 Highway, Gwinn, MI 49841
      View Details
    • $2,000,000

      Prime Commercial Land in Gwinn

      40-acre commercial site ideal for retail or mixed-use development.
      S M-553 Highway, Gwinn, MI 49841
      View Details
    • $44,900

      8.3 Acres Wooded Land Parcel

      Wooded 8.3-acre parcel near Sawyer International Airport.
      PARCEL A M 553 HIGHWAY, GWINN, MI 49841
      View Details
    • $580,000

      Premier Acreage on Sandy Bottom Lake

      Rare 5-acre gem with 500+ feet of frontage.
      353 S Johnson Lake Drive, Gwinn, MI 49841
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land with potential for farming, home, hunting, or recreation.
    Where is this agricultural land / farmland located?
    The property is located at 3250 W Co. Rd. 565 Gwinn, MI.
    What is the asking price?
    The asking price for this property is $46,000.
    What are key features of this property?
    This property features: 20 acres bordered on 3 sides by state land, providing direct access to thousands of acres for recreation and wildlife habitat.; Year‑round access and power at the road offer convenience and development potential.; Located near the Escanaba River (on adjoining state property), ideal for outdoor enthusiasts.
    (906) 362-9273
    We can help!
    Listing Contact
    DON SCHINELLA
    DON SCHINELLA
    Real Estate License ID: 6502349729
    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
    3250 W Co. Rd. 565, Gwinn, MI 49841
    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!