Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    "0" ~ 4 Progress Street West Branch, MI 48661

    View on Map
    Claim this Listing
    For Sale
    $40,000

    Other - West Branch, MI

    Lot size:
    2.30 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    383
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for "0" ~ 4 Progress Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial,Commercial
    Standard status
    Active
    Lot size
    2.30 Acres

    Building Details

    Roof type
    None
    Architectural style
    Other

    We can help!

    Listing Contact
    YVONNE DEROSO

    Listing agent YVONNE DEROSO

    Listing office MORRIS-RICHARDSON RE 3148 W M-55, West Branch, MI

    Listing date Apr 21, 2025

    MLS# 1932841 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Just over two acres of land.
    • Located in the Industrial Park.
    • Paved road access.
    • City amenities available.
    • Mixed‑use zoning.
    • Great location.

    Overview

    West Branch Industrial Park Land

    This property features just over two acres of land situated in the Industrial Park. It benefits from a paved road and access to city amenities. The zoning allows for mixed use, offering versatility for potential development. The location is described as advantageous.
    Property Profile Insight Report 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 Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Branch
    County
    Ogemaw
    State
    Michigan
    Longitude
    -84.2429438
    Latitude
    44.2687889

    Nearby Similar for Sale

    • $649,000
      15,000 SF

      Versatile Office Building in West Branch

      15,000 SF building suitable for office, shop, or storage.
      444 E Houghton Avenue, West Branch, MI 48661
      View Details
    • $799,000
      7,038 SF

      West Branch Restaurant Opportunity

      High-visibility restaurant property on 2.5 acres in West Branch.
      633 Court, West Branch, MI 48661
      View Details
    • $299,900
      4,800 SF

      West Branch Office/Retail Opportunity

      High-visibility commercial property on 4.47 acres in West Branch.
      1953 S M-33, West Branch, MI 48661
      View Details
    • $799,000
      7,000 SF

      Restaurant Property on 2.5 Acres

      High-visibility restaurant property with large kitchen and parking.
      633 Court St, West Branch, MI 48661
      View Details
    • $450,000
      3,541 SF

      West Branch Medical/Dental Building

      Commercial building on high-traffic corner lot in downtown West Branch.
      105 W Houghton Avenue, West Branch, MI 48661
      View Details
    • $400,000
      5,680 SF

      Versatile Commercial Property with Warehouse

      Spacious property with heated warehouse, outbuildings, and office space.
      2431 Refinery Road, West Branch Township, MI 48661
      View Details
    • $330,000
      8,106 SF

      West Branch Retail and Storage

      Income-producing retail and storage building in West Branch, Michigan.
      109 Plaza Drive 111 Plaza Drive, West Branch, MI 48661
      View Details
    • $24,900

      Residential Lot Near Fawn Lake

      Corner lot in Fawn Lake community near West Branch, Michigan.
      VL_173 E Caribou Trail, West Branch, MI 48661
      View Details
    • $450,000
      14,120 SF

      West Branch Cinema and More

      Multi-business opportunity: cinema, ice cream shop, and apartments.
      210 W Houghton Avenue, West Branch, MI 48661
      View Details
    • $2,100,000
      17,000 SF

      West Branch Entertainment Center Opportunity

      Iconic, fully operational entertainment center with bowling, putt-putt, and more.
      2357 S M-76, West Branch, MI 48661
      View Details
    • $139,900

      Scenic Land with Income Potential

      15-acre property near West Branch with building site and utilities.
      409 S Morrison Road, West Branch, MI 48661
      View Details
    • $12,900

      Residential Lot in Fawn Lake

      Vacant lot with lake access in Fawn Lake subdivision.
      00_VL W Caribou Trail, West Branch, MI 48661
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.3 acres in industrial park with city amenities.
    Where is this commercial land located?
    The property is located at "0" ~ 4 Progress Street West Branch, MI.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Just over **two acres of land**.; Located in the Industrial Park.; **Paved road access**.
    (989) 387-8887
    We can help!
    Listing Contact
    YVONNE DEROSO
    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
    "0" ~ 4 Progress Street, West Branch, MI 48661
    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!