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    Versatile Commercial Property with Campground Title is generated by Realmo AI

    7251 Midland Road, Freeland, MI 48623

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    Claim this Listing
    New
    For Sale
    $712,000

    COMMERCIAL - Freeland, MI

    Property size:
    4,960 SF
    Lot size:
    10.19 Acres
    Price / SF:
    $143/SF
    Added:
    May 26, 2026
    Days on Market:
    2
    Last Refresh:
    May 27 at 6:06 pm

    Property Features for 7251 Midland Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Broadband
    Standard status
    Active
    APN
    29133214003009 & 29-13-3-21-4003-010
    Size
    4,960 SF
    Lot size
    10.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    at LO
    Tax Annual Amount
    6654

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Water source
    Well
    Water front
    1

    Building Details

    Year built
    1970
    Number of units
    1
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    Priscilla Cazier

    Listing agent Priscilla Cazier License #6501409399

    Listing office Keller Williams GR East 1555 Arboretum Dr. SE Ste 101, Grand Rapids, MI

    Listing date May 26, 2026

    MLS# 26024863

    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

    • High‑traffic location on Midland Rd offers excellent commercial visibility.
    • Includes an attached campground with 35 campsites and the area's only nearby boat launch.
    • Features a 20x60 pole barn for extra storage or operations.
    • Equipped with 3‑phase power and updated electrical system.
    • Versatile property suitable for industrial, retail, recreational, or mixed‑use development.
    • Includes workshop and showroom space.

    Overview

    This commercial property is located on heavily traveled Midland Road. Formerly a hardware store and most recently a machine shop, the property includes 3-phase power, multiple power outlets, and updated electrical within the last 10 years. The property also features two furnaces, workshop space, and a showroom area. An additional 20x60 pole barn provides extra storage. Included is an attached campground with 35 rustic campsites and the area's only nearby boat launch. The property has endless possibilities for industrial, retail, recreational, or mixed-use development. The property contains 4,960 square feet and sits on 10.19 acres.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $446.4K
    NOI $40,176 @ 9.00% cap · cautious / downside scenario
    Moderate
    $573.9K
    NOI $40,176 @ 7.00% cap · market / base-case scenario
    Aggressive
    $803.5K
    NOI $40,176 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $71.4k $14.40
    − Vacancy −$7.1k −$1.44
    EGI $64.3k $12.96
    − OpEx −$24.1k −$4.86
    NOI $40.2k $8.10
    4,960 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $573.9K
    $502.2K – $669.6K (±1% cap)
    NOI $40,176 @ 7.0% cap · market cap 5.64%
    Second Best
    Retail
    $527.8K
    $461.8K – $615.7K (±1% cap)
    NOI $36,943 @ 7.0% cap · market cap 5.19%
    Theoretical Best
    Specialty Retail
    $916.4K
    $801.9K – $1.07M (±1% cap)
    NOI $64,148 @ 7.0% cap · market cap 9.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Busch Machine Tool ... Industrial Manufacturer Busch Marine Freight Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeland
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.119811
    Latitude
    43.513822

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    • $77,000
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      Commercial Property on Midland Road

      Commercial property for sale in Tittabawassee Township, Michigan.
      8130 MIDLAND Road, Tittabawassee Township, MI 48623
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with 3-phase power, workshop, showroom, and campground.
    Where is this mixed-use property located?
    The property is located at 7251 Midland Road Freeland, MI.
    What is the asking price?
    The asking price for this property is $712,000.
    What are key features of this property?
    This property features: High‑traffic location on Midland Rd offers excellent commercial visibility.; Includes an attached campground with 35 campsites and the area's only nearby boat launch.; Features a 20x60 pole barn for extra storage or operations.
    (616) 644-5398
    We can help!
    Listing Contact
    Priscilla Cazier
    Real Estate License ID: 6501409399
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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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