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

    335 S Main St, Freeland, MI 48623

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Development land in downtown Freeland, suitable for various commercial uses.

    Type:Land
    Property size:
    3,650 SF
    Lot size:
    0.98 Acres
    Price / SF:
    $301/SF
    Added:
    Mar 3, 2020
    Days on Market:
    2288
    Last Refresh:
    May 19 at 10:21 pm

    Property Features for 335 S Main St

    General Information

    Standard status
    Active
    Size
    3,650 SF
    Lot size
    0.98 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Gretchen Witherspoon

    Listing agent Gretchen Witherspoon License #MI 6501316390

    Listing office Trademark Commercial Group

    Listing date Mar 3, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Trademark Commercial Group

    HighLights

    • Prime development land in downtown Freeland.
    • Two parcels totaling .984 acres.
    • Boasts 315' of frontage on Midland Road (M‑84).
    • Suitable for fast food, medical, pharmacy, banks, credit unions, or retail.
    • Includes an existing 3,650 SF building.
    • Additional adjacent parcel also for sale.

    Overview

    This offering consists of two parcels of development land in downtown Freeland, being sold together as one parcel. The combined area of the two lots is approximately 0.984 acres, with about 315 feet of frontage on Midland Road (M-84). The property includes an approximately 3,650 square foot building of limited value. The location is suitable for various commercial uses such as fast food, medical facilities, pharmacies, banks, credit unions, and retail establishments. An adjacent parcel is also available for sale under a separate listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeland
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.122486
    Latitude
    43.521589

    Nearby Similar for Sale

    • $712,000
      4,960 SF

      Versatile Commercial Property with Campground

      Commercial property with 3-phase power, workshop, showroom, and campground.
      7251 Midland Road, Freeland, MI 48623
      View Details
    • $1,100,000

      Commercial Land Parcel with Long Frontage

      10-acre parcel within River Center with 620 feet of frontage and utilities available for flexible commercial development.
      Maverick Drive lot: H, Freeland, MI 48623
      View Details
    • $130,000

      Commercial Land Parcel with Major Frontage

      One-acre parcel in River Center with 209 feet of frontage and city utilities ready for development.
      Goose Drive lot: C, Freeland, MI 48623
      View Details
    • $400,000

      Commercial Land with Road Frontage

      A 1.5-acre parcel with substantial road frontage and city utilities available for straightforward development planning.
      Maverick Drive lot: B, Freeland, MI 48623
      View Details
    • $396,000
      5,088 SF

      Freeland Adaptable Building For Sale

      Well-maintained 5,000+ sq ft building suitable for various uses.
      3949 N. River, Freeland, MI 48623
      View Details
    • $745,000
      8,438 SF

      Turnkey Car Wash in Freeland

      Automatic car wash with detailing building, multiple revenue streams.
      10253 Pierce Rd, Freeland, MI 48623
      View Details
    • $77,000
      2,880 SF

      Commercial Property on Midland Road

      Commercial property for sale in Tittabawassee Township, Michigan.
      8130 MIDLAND Road, Tittabawassee Township, MI 48623
      View Details
    • $89,900

      Residential Lot in Golf Community

      Vacant land to build your dream home near golf course.
      17 E Grove Court, Freeland, MI 48623
      View Details
    • $1,100,000

      Freeland Development Land For Sale

      Two parcels totaling 0.984 acres with frontage on Midland Road.
      335 & 365 S. Main Street, Freeland, MI
      View Details
    • $750,000

      Freeland Land Parcel For Sale

      Prime development opportunity in downtown Freeland with frontage.
      285 S. Main Street, Freeland, MI
      View Details
    • $77,000
      2,880 SF

      Freeland Commercial Property Available

      Commercial property in Freeland, Michigan, suitable for various uses.
      8130 MIDLAND, Freeland, MI 48623
      View Details
    • $109,900

      Residential Land in Gated Community

      Vacant land in Freeland, MI, ready for your dream home.
      34 W Grove Lot Court, Freeland, MI 48623
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development land in downtown Freeland, suitable for various commercial uses.
    Where is this commercial land located?
    The property is located at 335 S Main St Freeland, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime development land in downtown Freeland.; Two parcels totaling .984 acres.; Boasts 315' of frontage on Midland Road (M‑84).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gretchen Witherspoon
    Real Estate License ID: MI 6501316390
    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
    335 S Main St, Freeland, MI 48623
    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!