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    Agricultural Land with Pole Barns Title is generated by Realmo AI

    5176 Aitken Road, Croswell, MI 48422

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    Claim this Listing
    New
    For Sale
    $324,997

    LAND - Lexington Twp, MI

    Lot size:
    22.87 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 5176 Aitken Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural,Residential
    Standard status
    Active
    APN
    15000910006001
    Lot size
    22.87 Acres

    Taxes and HOA fees

    Tax Description
    T10N R16E SEC 9 COM AT N 1/4 COR, TH W 313 FT TO POB, TH S 1980.5 FT, TH W 676 FT, TH N 610 FT, TH E 250 FT, TH N 1370.5 FT, TH E 426 FT TO POB 22.87 AC
    Tax Annual Amount
    1843

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Michael Ayoub

    Listing agent Michael Ayoub License #6502432014

    Listing office ByOwner.com 5000 T-Rex Ave 150, Clinton Township, MI

    Listing date Jun 4, 2026

    MLS# 20261041308 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 22.87+/- acre property in rural area northeast of Croswell, MI
    • Two improved buildable sites with well, septic, electric, and driveway at each location
    • Water and wastewater: two wells and two septic systems to support future development
    • 120' x 50' full steel pole barn with concrete floor plus a 120' x 50' hoop‑style barn
    • Grain storage includes two Harvestore silos and a GSI top dry grain bin
    • 12 acres of tillable land plus a pond for recreational or farm use

    Overview

    This 22.87+/- acre agricultural property includes two improved buildable sites, each set up with a well, septic system, electric service, and driveway access. The land also features multiple large agricultural structures, including a 120' x 50' full steel pole barn with a concrete floor and a 120' x 50' hoop-style barn. For on-farm storage, the property has two harvestore silos and a GSI top dry grain bin, supporting grain handling and storage needs. Additionally, the parcel includes approximately 12 acres of tillable land and a pond suitable for recreational or farm-related use.

    The property is located just northeast of Croswell, at 5176 Aitken Road in Lexington Twp, Sanilac County, Michigan. Zoning is listed as Agricultural, Residential.

    This site can fit buyers looking for an established agricultural setup combined with flexibility for residential or development planning, given the two prepared buildable locations and existing utilities at each. The mix of tillable acreage, pond, and grain and livestock storage improvements supports a range of small farm operations that benefit from immediate infrastructure, while the two build sites provide options for future home construction or other uses consistent with the property’s agricultural character.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Croswell
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.61417
    Latitude
    43.322871

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    FAQs

    What type of property is this?
    Farm - 22.87-acre parcel with two improved buildable sites, tillable acreage, and substantial barn and grain storage capacity.
    Where is this farm located?
    The property is located at 5176 Aitken Road Croswell, MI.
    What is the asking price?
    The asking price for this property is $324,997.
    What are key features of this property?
    This property features: 22.87+/- acre property in rural area northeast of Croswell, MI; Two improved buildable sites with well, septic, electric, and driveway at each location; Water and wastewater: two wells and two septic systems to support future development
    (586) 405-4111
    We can help!
    Listing Contact
    Michael Ayoub
    Real Estate License ID: 6502432014
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    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.

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