Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Undeveloped Land Near Lake Michigan Title is generated by Realmo AI

    39050 78TH Street, Covert, MI 49043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $84,900

    15 acres of wooded land near I-196 and Lake Michigan.

    Type:Lots/Land
    Lot size:
    14.62 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 39050 78TH Street

    General Information

    Standard status
    Active
    Lot size
    14.62 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Jeff Glover

    Listing agent Jeff Glover License #6501317808

    Listing office KW Professionals

    Listing date Mar 24, 2026

    Source Exitrealty

    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 KW Professionals

    HighLights

    • Nearly 15 acres of predominantly wooded land.
    • Approximately one acre cleared and ready for building.
    • Conveniently located near I‑196 and Lake Michigan.
    • Several apple and peach trees.
    • Currently used for recreational purposes.

    Overview

    This property features nearly 15 acres of land, predominantly wooded, with approximately one acre cleared. Several apple and peach trees are present on the land. The land is conveniently located near I-196 and Lake Michigan and is currently used for recreational purposes. The property has not yet been soil tested or surveyed, and photo boundaries are approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Big Box & Wholesale Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Covert
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.301544
    Latitude
    42.272934

    Nearby Similar for Sale

    • $150,000

      9.9 Acres of Opportunity

      9.9 acre property with income potential as blueberry farm.
      73122 36th Avenue, Covert, MI 49043
      View Details
    • $339,900

      Two Homes on 20 Acres

      Unique property with two homes near South Haven and St. Joseph.
      29441 M 140 Highway, Covert, MI 49043
      View Details
    • $40,000

      Land Parcel in Covert, MI

      1.99 acre parcel for custom home near South Haven.
      VL 76th Street, Covert, MI 49043
      View Details
    • $170,000

      Residential Land Near Lake Michigan

      9.96 acres of residential land near Lake Michigan.
      40609 76TH Street, Covert Twp, MI 49043
      View Details
    • $75,000

      Land Parcel Near South Haven

      3.75-acre parcel to build your dream home near South Haven.
      35580 76th Street, Covert, MI 49043
      View Details
    • $390,000

      60 Acres Hunting/Recreational Land

      60 acres of prime hunting and recreational land in Michigan.
      42439 78th Street, Covert, MI 49043
      View Details
    • $299,000

      63 Acres Wooded Hunting Land

      63 acres of wooded land perfect for hunting and recreation.
      VL 70th St, Covert, MI 49043
      View Details
    • $45,000

      Wooded Land Near Lake Michigan

      4.99+/- acres near Lake Michigan shoreline in Covert, Michigan.
      47458 Michigan 140, Covert, MI 49043
      View Details
    • $84,900

      Residential Land Near Lake Michigan

      14.62 acres of wooded land near I-196.
      39050 78TH Street, Covert Twp, MI 49043
      View Details

    FAQs

    What type of property is this?
    Land - 15 acres of wooded land near I-196 and Lake Michigan.
    Where is this land located?
    The property is located at 39050 78TH Street Covert, MI.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Nearly 15 acres of predominantly wooded land.; Approximately one acre cleared and ready for building.; Conveniently located near I‑196 and Lake Michigan.
    (734) 459-4700
    We can help!
    Listing Contact
    Jeff Glover
    Real Estate License ID: 6501317808
    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
    39050 78TH Street, Covert Township, MI 49043
    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!