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

    460 Industrial Park Drive Bangor, MI 49013

    View on Map
    Claim this Listing
    New
    For Sale
    $125,000

    COMMERCIAL - Bangor, MI

    Lot size:
    1.65 Acres
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 8:06 am

    Property Features for 460 Industrial Park Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    80-54-812-067-20
    Lot size
    1.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1036-N2 12&13-2-16 1663-798 1671-954 1695-482 * COM AT S 1/4 POST OF SEC, TH N 89 DEG 48'20
    Tax Annual Amount
    1726

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Andrew Myers

    Listing agent Andrew Myers License #RB14031728

    Listing office Myers Trust Real Estate 251 N Rose St Ste 200, PMB261, Kala, MI

    Listing date May 7, 2026

    MLS# 26020709 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 65 Acres of Industrial Land
    • Rail line on the back side of the property
    • Water, sewer, gas, and electric utilities available
    • Public water source
    • Public sewer
    • Natural gas available

    Overview

    Industrial Land in Bangor, MI

    This 1.65-acre industrial land parcel is located in Bangor, Michigan. The site is equipped with essential utilities, including water, sewer, gas, and electric services. A rail line is situated on the back side of the property, offering potential transportation advantages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Bangor
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.123248
    Latitude
    42.301673

    Nearby Similar for Sale

    • $499,875

      78-Acre Land Tract in Bangor

      Income-producing land with diverse habitat and build-site potential.
      County Road 376, Bangor, MI 49013
      View Details
    • $35,000

      Bangor Corner Lot For Sale

      Vacant 0.40-acre corner lot with high traffic exposure.
      24990 County Road 687, Bangor, MI 49013
      View Details
    • $450,000
      25,000 SF

      Bangor Commercial Property with Apartment

      25,000 SF mixed-use property on 3.65 acres with apartment.
      100 Industrial Park Drive, Bangor, MI 49013
      View Details
    • $160,000

      20 Acres Versatile Land

      20 acres of land with open and wooded terrain.
      61199 County Road 380, Bangor, MI 49013
      View Details
    • $62,500

      Land For Sale, Bangor, MI

      5.23 acre commercial land available in Bangor, Michigan.
      62nd Street, Bangor, MI 49013
      View Details
    • $179,900

      32+ Acres of Natural Beauty

      Wooded land perfect for recreation or building a private retreat.
      52391 28th Avenue, Bangor, MI 49013
      View Details
    • $189,900

      Car Wash on Highway M 43

      Car wash with high visibility and traffic on Highway M 43.
      818 W Monroe St, Bangor, MI 49013
      View Details
    • $219,900

      Versatile Land with Retail Potential

      3.6-acre property with commercial/residential zoning and retail-ready pole barn.
      62099 M-43, Bangor, MI 49013
      View Details
    • $450,000
      25,000 SF

      Possible Grow Facility with Power

      Specialty property with heavy power and new roof.
      Bangor, MI 49013
      View Details
    • $1,600,000
      28,560 SF

      New Bangor Warehouse with Cannabis Zoning

      New warehouse in Bangor's industrial park, zoned for cannabis.
      420 INDUSTRIAL PARK Road, Bangor City, MI 49013
      View Details
    • $105,000

      Wooded 15-Acre Land Parcel

      15-acre wooded land perfect for building your dream home.
      50th Street, Bangor, MI 49013
      View Details
    • $219,900
      1,792 SF

      Versatile Property on M-43 Highway

      3.6-acre property with commercial potential and blueberry farm.
      62099 M-43, Bangor, MI 49013
      View Details

    FAQs

    What type of property is this?
    Industrial land - 1.65 acres of industrial land with utilities and rail access.
    Where is this industrial land located?
    The property is located at 460 Industrial Park Drive Bangor, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 65 Acres of Industrial Land; Rail line on the back side of the property; Water, sewer, gas, and electric utilities available
    (574) 320-1214
    We can help!
    Listing Contact
    Andrew Myers
    Real Estate License ID: RB14031728
    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
    460 Industrial Park Drive, Bangor, MI 49013
    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!