Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with Lake Huron View Title is generated by Realmo AI

    C03101400 Gobles DR, Pointe Aux Pins, MI 49775

    View on Map
    Claim this Listing
    Pending
    $125,000

    Vacant Waterfront - Bois Blanc, MI

    Lot size:
    2.40 Acres
    Added:
    May 15, 2026
    Days on Market:
    8
    Last Refresh:
    May 22 at 10:06 am

    Property Features for C03101400 Gobles DR

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    Pt Of 49-001-031-014-00
    Lot size
    2.40 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sheila Hyde
    Sheila Hyde

    Listing agent Sheila Hyde License #6502136391

    Listing office Bois Blanc Island Real Estate Hcr-1 Box 100, Bois Blanc Island, MI

    Listing date May 15, 2026

    MLS# 25-801 Listing URL

    Copyright © 2026 Eastern Upper Peninsula 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

    • 2.40 acres with 167' of Lake Huron waterfront
    • Panoramic views of the Straits of Mackinac and Mackinac Bridge
    • Secluded location, yet close to amenities
    • Private easement access via Gobles Drive
    • Electric power nearby
    • Lot is populated with mature cedar trees

    Overview

    This vacant waterfront property offers 2.40 acres with 167 feet of waterfront on Lake Huron. The lot features cedar trees and provides a view of the Straits of Mackinac and the bridge from the beach. Gobles Drive provides private easement access to the lots. Electric power is located nearby. A common drive for all lots has been added at the rear lot line, and turnarounds have been added on each lot. Located in Bois Blanc, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Department Store Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pointe Aux Pins
    County
    Mackinac
    State
    Michigan
    Longitude
    -84.4636
    Latitude
    45.7694

    Nearby Similar for Sale

    • $369,900

      Waterfront Lot with Lake Huron View

      Secluded 4.8-acre lot with 591' waterfront on Lake Huron.
      03101400 Gobles DR, Bois Blanc, MI 49775
      View Details
    • $150,000

      Waterfront Lot with Lake Huron View

      Secluded 1.1-acre waterfront lot with views of Mackinac Bridge.
      A03101400 Gobles DR, Bois Blanc, MI 49775
      View Details
    • $110,000

      Waterfront Land on Bois Blanc

      Two adjacent waterfront parcels on Lake Huron, Bois Blanc Island.
      1.24 AC E HURON DRIVE, BOIS BLANC, MI 49775
      View Details
    • $27,000

      Residential Lot on Bois Blanc

      Residential lot with travel trailers included on Bois Blanc Island.
      427 Rocky RD, Bois Blanc, MI 49775
      View Details
    • $104,900

      Waterfront Lot on Lake Huron

      Vacant lot with 100+ feet of Lake Huron frontage.
      882 E Huron DR, Bois Blanc, MI 49775
      View Details
    • $10,000

      Bois Blanc Residential Lot

      Residential lot with Lake Huron access in Bois Blanc, MI.
      58 Rocky RD, Bois Blanc, MI 49775
      View Details
    • $99,900

      Waterfront Lot with Lake View

      Secluded 1.3-acre waterfront lot with views of Mackinac Bridge.
      B03101400 Gobles DR, Bois Blanc, MI 49775
      View Details
    • $36,000

      Bois Blanc Cleared Airport Lot

      Cleared lot ready for hangar construction on Bois Blanc Airport.
      14 Airport DR, Bois Blanc, MI 49775
      View Details
    • $36,000

      Land Near Paved Runway

      Commercial vacant land near 3600-foot paved runway.
      15 Airport DR, Bois Blanc, MI 49775
      View Details
    • $19,000

      Bois Blanc Acreage Lot

      1.48 acre lot on Bois Blanc Island.
      660121124 Lincoln Ave, Bois Blanc, MI 49775
      View Details
    • $54,999

      Land For Sale

      Land available on Erie Street, Pointe Aux Pins, MI
      1251 Erie Street, Pointe Aux Pins, MI 49775
      View Details
    • $795,000

      Bois Blanc Island Waterfront Land

      33.53 acres with 265' water frontage and log home.
      196 E Huron Avenue, Bois Blanc, MI 49775
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.4 acres with 167' waterfront, Straits of Mackinac view.
    Where is this waterfront land located?
    The property is located at C03101400 Gobles DR Pointe Aux Pins, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 2.40 acres with **167' of Lake Huron waterfront**; **Panoramic views of the Straits of Mackinac and Mackinac Bridge**; Secluded location, yet close to amenities
    (239) 273-2939
    We can help!
    Listing Contact
    Sheila Hyde
    Sheila Hyde
    Real Estate License ID: 6502136391
    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
    C03101400 Gobles DR, Bois Blanc, MI 49775
    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!