Mixed-Use Property with
For Sale
$600,000
7251 Midland Road, Freeland, MI 48623
Commercial Sale, Freeland, MI
Property Size4,960 SF
Lot Size10.19 Acres
Price / SF$120.97
Days on Market150
Property Features for 7251 Midland Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Freeland
Middle school district
Freeland
High school district
Freeland
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
Legal Description
at LO
Utilities
Utilities
Cable Available
Heating system
Forced Air
Water source
Well
Water front
1
Amenities
3-phase power
multiple power outlets
updated electrical
2 furnaces
workshop space
showroom area
pole barn
campground with 35 rustic campsites
boat launch
Building Details
Year built
1970
Number of units
1
Building materials
Block, Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams GR East · Keller Williams Realty
(616) 575-1800
Listed By:
Priscilla Cazier · License #6501409399
(616) 644-5398
Added: May 20
Changed: Oct 8
Last Checked: Oct 16 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
Set on 10.19 acres, this 1970-built mixed-use property includes 4,960 square feet with workshop and showroom areas. The building has block and metal-siding construction, a metal roof, forced-air heat served by 2 furnaces, and electrical improvements completed within the last 10 years. Three-phase power and multiple outlets support operational flexibility, while broadband and a well are available on site.
An attached campground adds 35 rustic campsites, and a nearby boat launch contributes a recreational component to the property. A separate 20-by-60-foot pole barn provides additional covered space. The property fronts Midland Road in Freeland, Michigan, and its existing commercial, storage, and campground improvements create a combined operating platform.
An attached campground adds 35 rustic campsites, and a nearby boat launch contributes a recreational component to the property. A separate 20-by-60-foot pole barn provides additional covered space. The property fronts Midland Road in Freeland, Michigan, and its existing commercial, storage, and campground improvements create a combined operating platform.
Key Highlights
- 10.19‑acre mixed‑use property with 4,960 square feet of building area
- Attached campground with 35 rustic campsites
- 20‑by‑60‑foot pole barn for additional covered space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,176
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
$803.5K
Cap Rate 7%
$573,943
$573.9K
Cap Rate 9%
$446,400
$446.4K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$71.4K $14.40/SF
− Vacancy
−$7.1K −$1.44/SF
EGI
$64.3K $12.96/SF
− OpEx
−$24.1K −$4.86/SF
NOI
$40.2K $8.10/SF
Area
Saginaw County, MI
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
Cap Rate 7%
$573,943
Cap Rate 9%
$446,400
Alternative Uses
Best Use
Mixed Use
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 6.70%
Second Best
Industrial
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$916.4K
$801.9K – $1.07M
NOI $64,148 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 48623, MI
15,105
Population
5,495
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
96%
High-School Grad
72.8 sq mi
ZIP Area
207
Density / Sq Mi
$96,371
Median Household Income
$54,433
Median Earnings
$1,176
Median Rent
$230,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines workshop and showroom areas with an attached rustic 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 $600,000.
What are key features of this property?
This property features: 10.19‑acre mixed‑use property with 4,960 square feet of building area; Attached campground with 35 rustic campsites; 20‑by‑60‑foot pole barn for additional covered space
