Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1407 Larkin Center Dr Midland, MI 48642

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Midland, MI industrial land, 43 acres, excellent zoning.

    Property Features for 1407 Larkin Center Dr

    General Information

    Property type
    Land
    Lot Size
    1,873,080 SF

    We can help!

    Listing Contact
    Gretchen Witherspoon
    Gretchen Witherspoon

    Listing Agency: Trademark Commercial Group Listing Agent: Gretchen Witherspoon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 43-acre parcel, located at 1407 Larkin Center Drive in Midland, Michigan (48642), presents a remarkable investment opportunity. The property boasts approximately 1,350 feet of frontage on Joseph Drive, offering convenient access and high visibility. Situated just west of Dupont's Larkin Center complex and across from the Midland Soccer Club, this location benefits from established infrastructure and a desirable neighborhood. The land is heavily wooded, providing a private and scenic setting ideal for a variety of developments. Zoned Limited Commercial, Manufacturing and Research District (LCMR), the property allows for diverse uses including manufacturing, research and development, testing laboratories, professional and medical offices, business services, and more. This zoning flexibility makes it perfect for creating a business office park, corporate campus, or a state-of-the-art research and development facility. The asking price is $1,495,000. The property's APN is 11-34-40-102. This is a rare opportunity to acquire a large, strategically located parcel in a thriving Michigan community. Don't miss out on this chance to build your vision in a prime Midland location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Daycare Center Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2097201
    Latitude
    43.6581823

    Nearby Similar for Sale

    • $499,000
      9,678 SF

      Commercial/Industrial Property with Warehouse & Office

      Versatile commercial property with warehouse, office space, and ample parking.
      3101 S Saginaw Rd, Midland, MI 48640
      View Details
    • $842,500
      14,228 SF

      Midland Commercial/Industrial Building For Sale

      Office/warehouse building with cold storage and high visibility.
      49 E Isabella St, Midland, MI 48640
      View Details
    • $355,000
      6,600 SF

      Turn Key Restaurant and Bar

      Turn key restaurant and bar opportunity in Midland, Michigan.
      430 W Isabella St, Midland, MI 48640
      View Details
    • $329,000
      1,000 SF

      Downtown Midland Commercial Property For Sale

      Prime commercial property in downtown Midland with high visibility.
      134 W Main St, Midland, MI 48640
      View Details
    • $1,200,000
      4,000 SF

      Established Restaurant Landmark in Midland

      Operating restaurant with bar, updated interior, ample parking.
      1716 W Wackerly St, Midland, MI 48640
      View Details
    • New
      $183,900
      1,350 SF

      Midland Duplex with Income Potential

      Duplex in walkable Midland location, ideal for investors.
      1001 Fournie St, Midland, MI 48640
      View Details
    • $995,000
      6,000 SF

      Updated Commercial Building Near Hospital

      Versatile 6,000 sq ft commercial building near hospital with drive-up.
      2706 N Saginaw Rd, Midland, MI 48640
      View Details
    • $999,750
      14,480 SF

      Professional Office Complex For Sale

      Professional office complex with long-term tenants and excellent condition.
      720 W Wackerly St, Midland, MI 48640
      View Details
    • $849,000
      10,361 SF

      Riverfront Multi-Family Home in Midland

      Spacious riverfront property with potential for various uses.
      3115 Isabella St, Midland, MI 48640
      View Details
    • $200,000
      2,488 SF

      Profitable Business in Midland, MI

      Established business opportunity with a long history and loyal clientele.
      1605 Bookness St, Midland, MI 48640
      View Details
    • $325,000

      Commercial Building on Ashman Circle

      Commercial building with open floor plan and ample parking.
      86 Ashman Cir, Midland, MI 48640
      View Details
    • $598,000

      Former School on 5.6 Acres

      Former school building featuring classrooms, gymnasium, and parking lot.
      4653 Bailey Bridge Rd, Midland, MI 48640
      View Details

    FAQs

    What type of property is this?
    Land - Prime Midland, MI industrial land, 43 acres, excellent zoning.
    Where is this land located?
    The property is located at 1407 Larkin Center Dr Midland, MI.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: $1,495,000 asking price.; 43-acre industrial land parcel.; Located at 1407 Larkin Center Drive, Midland, MI 48642 (APN: 11-34-40-102).
    (989) 792-2192 Call to check price and availability
    Request Owner's contact information
    1407 Larkin Center Dr Midland, MI 48642
    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.
    1407 Larkin Center Dr
    Midland, MI 48642
    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
    1407 Larkin Center Dr Midland, MI 48642
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gretchen Witherspoon
    Gretchen Witherspoon
    Real Estate License ID: 6501316390
    (989) 792-2192 (989) 295-0353 (989) 792-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!