Two-Home Ranch Estate with Pole
494 W Barnes Lake Road Columbiaville, MI 48421
For Sale
$299,900
MULTI_FAMILY - Ranch - Columbiaville, MI
Property Size2,200 SF
Lot Size10.00 Acres
Price / SF$136.32
Days on Market134
Property Features for 494 W Barnes Lake Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3
Exterior features
Fenced Yard, Garden Area
Fencing
Fenced
Appliances
Dryer, Microwave, Range/Oven, Refrigerator, Washer
Standard status
Active
APN
006-018-013-00
Size
2,200 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Annual Amount
2262
Utilities
Heating system
Forced Air
Water source
Private
Water front
1
Building Details
Year built
1920
Floors in Building
1
Architectural style
Ranch
Listing Agency:
REMAX Edge
(810) 653-5020
Listed By:
Stephanie Leland · License #122909
(810) 656-4984
Added: Mar 18
Changed: Jul 24
Last Checked: Jul 29 at 12:06PM
MLS# 50202243
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale ranch estate includes two separate homes on approximately 10 acres, along with a 24-by-40 pole barn. The primary residence features three bedrooms, a large open-concept living area, and a primary suite with built-in bathroom elements and ample closet space. Interior details include custom metal and woodwork, with fresh paint and modern vinyl plank flooring. Outdoor space is set up with separate fenced-in areas for gardening and pets, including a pet door for convenient indoor-outdoor access.
The property is positioned just 50 feet from the pavement and is within the North Branch School District. The grounds include private wooded trails, a serene cedar swamp, and direct frontage on the Flint River.
Natural gas is available on-site, and the property is available by appointment for showing.
The property is positioned just 50 feet from the pavement and is within the North Branch School District. The grounds include private wooded trails, a serene cedar swamp, and direct frontage on the Flint River.
Natural gas is available on-site, and the property is available by appointment for showing.
Key Highlights
- 10‑acre estate within North Branch School District, about 50 feet from the pavement
- Two separate homes plus a 24 x 40 pole barn for flexible multi‑generational or rental setups
- Direct frontage on the Flint River with private wooded trails and a cedar swamp
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $16.86 |
| − Vacancy | −$742 | −$0.34 |
| EGI | $36.4k | $16.52 |
| − OpEx | −$16.4k | −$7.44 |
| NOI | $20.0k | $9.09 |
2,200 SF · lease $16.86/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,993 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$360.3K
$315.2K – $420.3K
NOI $25,219 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - For sale on 10 acres with two homes, natural gas, and a 24 by 40 pole barn near Flint River frontage.
Where is this single family property located?
The property is located at 494 W Barnes Lake Road Columbiaville, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 10‑acre estate within North Branch School District, about 50 feet from the pavement; Two separate homes plus a 24 x 40 pole barn for flexible multi‑generational or rental setups; Direct frontage on the Flint River with private wooded trails and a cedar swamp
