Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    vac Peck Croswell, MI 48422

    View on Map
    Claim this Listing
    Picture of Commercial land at vac Peck, Croswell, MI
    For Sale
    Under Contract
    $109,900

    Vacant Land - Croswell, MI

    Lot size:
    4.92 Acres
    Added:
    Oct 21, 2022
    Days on Market:
    1295
    Last Refresh:
    May 7 at 4:06 pm

    Property Features for vac Peck

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active Under Contract
    APN
    76-150-033-200-020-02 & 03
    Lot size
    4.92 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    1531.93

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Penny Schwarzentraub

    Listing agent Penny Schwarzentraub License #6502112481

    Listing office Town & Country Realty-Lexington 5543 Main St, MI

    Listing date Oct 21, 2022

    MLS# 50093946 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercially zoned land, ideal for business development.
    • High‑traffic location on Peck Rd (M‑90), offering excellent visibility.
    • Large 4.92‑acre property consisting of two parcels.
    • Boasts significant road frontage of 324.65 feet.
    • Located across from Croswell‑Lexington High School.
    • Potential access to public sanitary connection from the City of Croswell.

    Overview

    Commercially Zoned Vacant Land

    This commercially zoned vacant land is located on highly traveled Peck Rd (M-90), across from Croswell-Lexington High School. The property consists of two parcels totaling 4.92 acres, featuring 324.65 feet of road frontage. Situated in Lexington Township, the property may have access to public sanitary connections from the City of Croswell.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Croswell
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.6467
    Latitude
    43.2651

    Nearby Similar for Sale

    • $375,000
      3,742 SF

      Commercial Land with High Visibility

      3.16 acres with building in prime commercial location.
      5742 Peck, Croswell, MI 48422
      View Details
    • $695,000
      6,392 SF

      Established Bar and Restaurant Opportunity

      Turn-key bar and restaurant for sale in Croswell, Michigan.
      53 N Howard, Croswell, MI 48422
      View Details
    • $139,000
      4,756 SF

      Two-Storefront Commercial Property in Croswell

      Unique commercial property with storefronts and potential living quarters.
      33 N Howard, Croswell, MI 48422
      View Details
    • $185,000
      4,616 SF

      Commercial/Industrial Building in Downtown Croswell

      4616 sq ft commercial/industrial building in downtown Croswell, MI.
      15 WELLS, Croswell, MI 48422
      View Details
    • $475,000
      4,900 SF

      Floral Business and Garden Center

      Turnkey floral business and garden center for sale.
      180 Davis, Croswell, MI 48422
      View Details
    • $185,000
      4,616 SF

      Downtown Commercial Building For Sale

      4616 sq ft building in great downtown location.
      15 WELLS St, Croswell, MI 48422
      View Details
    • $139,000

      Two-Storefront Commercial Property in Croswell

      Unique commercial property with storefronts, living quarters, and outbuilding.
      33 N Howard St, Croswell, MI 48422
      View Details
    • $199,000

      20-Acre Wooded Parcel Near Lexington

      20-acre wooded parcel near Lexington, minutes from Lake Huron.
      VL Mortimer Line, Croswell, MI 48422
      View Details
    • $56,900

      Land Near Croswell, Michigan

      4.5-acre parcel near Croswell, minutes from Lake Huron.
      Mortimer Line Road, Croswell, MI 48422
      View Details
    • $20,000

      Residential Lot in Croswell, MI

      Vacant land suitable for building a new home.
      Lot #17 Jay, Croswell, MI 48422
      View Details
    • $56,900

      4.5 Acres of Natural Splendor

      4.5-acre parcel near Croswell and Lake Huron.
      00 Mortimer Line Rd, WorthTownship_Sanilac, MI 48422
      View Details
    • $450,000

      Commercial Land in Croswell, Michigan

      19 acres of commercial land, corner lot, investment potential.
      0000 Peck/Wildcat, Croswell, MI 48422
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.92 acres of commercially zoned land on Peck Rd.
    Where is this commercial land located?
    The property is located at vac Peck Croswell, MI.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: Commercially zoned land, ideal for business development.; High‑traffic location on Peck Rd (M‑90), offering excellent visibility.; Large 4.92‑acre property consisting of two parcels.
    (810) 434-5488
    We can help!
    Listing Contact
    Penny Schwarzentraub
    Real Estate License ID: 6502112481
    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
    vac Peck, Croswell, MI 48422
    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!