Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Harbor Springs Land Opportunity Title is generated by Realmo AI

    5945 Lodgepole Road, Harbor Springs, MI 49740

    View on Map
    Claim this Listing
    For Sale
    $92,900

    LAND - Harbor Springs, MI

    Lot size:
    1.34 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    105
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 5945 Lodgepole Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    16-15-10-160-113
    Lot size
    1.34 Acres

    Taxes and HOA fees

    Tax Description
    PINE RIDGE CONDOMINIUM, UNIT 13.NOTE MASTER DEED L503 P536-586, CONDO #110. SECTION 10, T35N, R6W.

    We can help!

    Listing Contact
    Craig R. Wilson
    Craig R. Wilson

    Listing agent Craig R. Wilson

    Listing office Coldwell Banker Fairbairn Realty 7569 US 31 S, Alanson, MI

    Listing date Feb 6, 2026

    MLS# 201838673 Listing URL

    Copyright © 2026 Water Wonderland Board of 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

    • Minutes from downtown Harbor Springs and walking distance to the Tunnel of Trees (M‑119).
    • Enjoy the 1.34+\/- acre wooded property that is flat, high, and dry.
    • Located in a quiet country setting.
    • Walking distance to hiking, biking, and cross‑country ski trails.
    • Underground utilities available: electric, natural gas, and cable onsite.
    • Close proximity to downhill ski and golf resorts.

    Overview

    This 1.34 acre wooded property presents an opportunity to build a home near downtown Harbor Springs. Situated on the corner of Lodgepole and Ridge Rd, the property offers a quiet, country setting within walking distance of M-119, known as the "Tunnel of Trees." The flat, high, and dry land is conveniently located near hiking, biking, and cross-country ski trails. Downhill ski and golf resorts are also a short drive away. Underground utilities are available, with electric, natural gas, and cable services onsite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Food Market Grocery & Convenience Store Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Harbor Springs
    County
    Emmet
    State
    Michigan
    Longitude
    -85.036447
    Latitude
    45.442631

    Nearby Similar for Sale

    • $595,000
      3,797 SF

      Brewery Restaurant on Main Street

      Modern brewery restaurant on Main Street in Cross Village.
      6352 N Lake Shore, Harbor Springs, MI 49740
      View Details
    • $994,900

      Waterfront Lot on Lake Michigan

      Elevated wooded lot with 100' frontage on Lake Michigan.
      4260 S Lake Shore, Harbor Springs, MI 49740
      View Details
    • $184,900

      Harbor Springs Commercial Land Opportunity

      Prime commercial land in a desirable Harbor Springs business corridor.
      8525 Commerce, Harbor Springs, MI 49740
      View Details
    • $47,500

      Harbor Springs Wooded Lot Opportunity

      Desirable wooded lot in Harbor Springs, close to amenities.
      3480 Needles, Harbor Springs, MI 49740
      View Details
    • $47,500

      Wooded Lot in Harbor Springs

      Desirable 1.13-acre wooded lot in a prime location.
      3480 NEEDLES, HARBOR SPRINGS, MI 49740
      View Details
    • $129,900

      Harbor Springs Wooded Lot

      Wooded lot near Lake Michigan in Harbor Springs, Michigan.
      8385 Seven Mile Point, Harbor Springs, MI 49740
      View Details
    • $200,000

      True North Golf Club Homesite

      Homesite in True North Golf Club, design your dream residence.
      2522 RED HAWK, HARBOR SPRINGS, MI 49740
      View Details
    • $415,000

      Land Near Harbor Springs

      Land with cleared area, located near Harbor Springs downtown.
      7481 S STATE, HARBOR SPRINGS, MI 49740
      View Details
    • $268,000

      Harbor Springs Buildable Acreage

      12.9-acre parcel near Harbor Springs, ready for your dream home.
      5850 DEER RUN TRAIL, HARBOR SPRINGS, MI 49740
      View Details
    • $268,000

      Harbor Springs Build-Ready Land

      12.9 acre parcel perfect to build your dream home.
      5850 Deer Run Trail, Harbor Springs, MI 49740
      View Details
    • $335,000

      Harbor Springs Land with Schoolhouse

      35-acre Harbor Springs property with historic schoolhouse and farmland.
      000 W Robinson, Harbor Springs, MI 49740
      View Details
    • $19,900

      Golf Course Lot in Harbor Springs

      Residential lot overlooking the 4th fairway and green.
      2807 Greenbriar, Harbor Springs, MI 49740
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.34 acre wooded property near downtown Harbor Springs.
    Where is this residential land & home lot located?
    The property is located at 5945 Lodgepole Road Harbor Springs, MI.
    What is the asking price?
    The asking price for this property is $92,900.
    What are key features of this property?
    This property features: Minutes from downtown Harbor Springs and walking distance to the Tunnel of Trees (M‑119).; Enjoy the 1.34+\/- acre wooded property that is flat, high, and dry.; Located in a quiet country setting.
    (231) 548-9336
    We can help!
    Listing Contact
    Craig R. Wilson
    Craig R. Wilson
    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
    5945 Lodgepole Road, Harbor Springs, MI 49740
    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!