Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    80-Acre Recreational Paradise in Pullman Title is generated by Realmo AI

    4816 109TH AVENUE, Pullman, MI 49450

    View on Map
    Claim this Listing
    For Sale
    $490,000

    land - PULLMAN, MI

    Lot size:
    80.00 Acres
    Added:
    May 12, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 4816 109TH AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    80.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Alderink
    Kevin Alderink

    Listing agent Kevin Alderink

    Listing office Holland 466 East 16th Street, MI

    Listing date May 12, 2026

    MLS# 26021627 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt 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

    • 80‑acre recreational paradise ideal for hunting, fishing, trail riding, and hiking.
    • Heavily wooded acreage with abundant wildlife, including deer and turkey.
    • Includes a private pond for fishing.
    • Features two dwellings with three total living units, each with bedrooms, bathrooms, kitchens, and living spaces.
    • Suitable for a hunting camp, weekend getaway, or multi‑family retreat.
    • Located in desirable Southern Allegan County.

    Overview

    Located in Southern Allegan County, near the township lines of Lee and Cheshire, this 80-acre recreational land is suited for outdoor activities. The property is set up for hunting, fishing, trail riding, hiking, and family retreats. The heavily wooded acreage provides wildlife habitat, attracting deer, turkey, and other game, while a private pond offers fishing opportunities. The property includes two dwellings with three total living units, each offering bedrooms, full bathrooms, kitchens, and living spaces. The dwellings require finishing touches to become a multi-family retreat, lodge, or recreational compound. This property offers seclusion and usability, surrounded by countryside beauty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Allegan
    State
    Michigan
    Longitude
    -86.01505
    Latitude
    42.480556

    Nearby Similar for Sale

    • $264,900
      1,080 SF

      Remodeled Restaurant in Pullman, MI

      Remodeled restaurant with newer equipment and extra lot included.
      5610 109th Avenue, Pullman, MI 49450
      View Details
    • $490,000

      80-Acre Recreational Paradise in Pullman

      80 acres for hunting, fishing, trail riding, and family retreats.
      4816 109th Avenue, Pullman, MI 49450
      View Details
    • $151,000

      20 Acres Vacant Land Pullman

      20-acre vacant land parcel in Pullman, Michigan, ideal for building.
      00 58th Street, Pullman, MI 49056
      View Details
    • $250,000
      2,240 SF

      Mixed-Use Property in Pullman, MI

      Mixed-use property with retail storefront and residential unit.
      5441 109th Avenue, Pullman, MI 49450
      View Details
    • $209,500

      Pullman, MI Wooded Land

      Nearly 20 acres of wooded land with potential uses.
      5918 113th Avenue, Pullman, MI 49450
      View Details
    • $427,093

      Wooded Land in Pullman, MI

      80-acre wooded land with frontage on two streets.
      5409 105th Avenue, Pullman, MI 49450
      View Details
    • $135,000

      Vacant Land in Pullman, MI

      5-acre vacant residential land parcel with road frontage.
      105TH AVENUE, PULLMAN, MI 49450
      View Details
    • $135,000

      Vacant Land in Pullman, MI

      5-acre vacant residential land parcel in Pullman, Michigan.
      105th Avenue, Pullman, MI 49450
      View Details
    • $180,000

      Land Near Walle Field Airport

      Approximately 30-acre wooded parcel near Pullman and Walle Field Airport.
      5936 108th Avenue, Pullman, MI 49450
      View Details
    • $109,900

      Land with Black River Access

      20 acres with Black River frontage in Pullman, Michigan.
      4490 103rd Avenue, Pullman, MI 49450
      View Details
    • $149,800

      Allegan County 18-Acre Land Parcel

      18 acres in Allegan County, suitable for hunting or building.
      VL 0000 108th ave, Pullman, MI 49450
      View Details
    • $21,900

      Acre Land Parcel in Pullman

      One-acre parcel with electric in Pullman, Michigan.
      5886 108th Avenue, Pullman, MI 49450
      View Details

    FAQs

    What type of property is this?
    Recreation land - 80 acres perfect for hunting, fishing, trail riding, and retreats.
    Where is this recreation land located?
    The property is located at 4816 109TH AVENUE Pullman, MI.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: 80‑acre recreational paradise ideal for hunting, fishing, trail riding, and hiking.; Heavily wooded acreage with abundant wildlife, including deer and turkey.; Includes a private pond for fishing.
    (616) 836-0999
    We can help!
    Listing Contact
    Kevin Alderink
    Kevin Alderink
    Real Estate License ID: 6506045551
    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
    4816 109TH AVENUE, PULLMAN, MI 49450
    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!