Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    One-Acre Lot with Steel Garage Title is generated by Realmo AI

    v/l Morawa Trail, Hale, MI 48739

    View on Map
    Claim this Listing
    For Sale
    $32,000

    Vacant Land Improved - Hale, MI

    Lot size:
    1.16 Acres
    Added:
    May 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for v/l Morawa Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    None, Garage(s)
    Standard status
    Active
    Lot size
    1.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    65

    Building Details

    Architectural style
    Other
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    CHERYL MCDONELL
    CHERYL MCDONELL

    Listing agent CHERYL MCDONELL

    Listing office HAPPY ACRES REAL ESTATE 3177 IRA DRIVE, HALE, MI

    Listing date May 24, 2026

    MLS# 1945651 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One‑acre lot ideal for building.
    • 18x22 steel garage with concrete floor.
    • Conveniently located near lakes.
    • Close proximity to ORV and snowmobile trails.
    • Suitable as a base camp for outdoor activities.
    • No trespassing.

    Overview

    This one-acre lot includes an 18x22 steel garage with a concrete floor. The property is located near lakes as well as ORV and snowmobile trails. The property is zoned residential and is suitable for building or use as a base camp for outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hale
    County
    Iosco
    State
    Michigan
    Longitude
    -83.8358
    Latitude
    44.3726

    Nearby Similar for Sale

    • $475,000
      3,072 SF

      Convenience Store with Walk-In Cooler

      Remodeled convenience store with walk-in cooler, HVAC systems, and included inventory, equipment, and liquor license.
      4997 East Main Street, Hale, MI 48739
      View Details
    • $399,900
      1,150 SF

      Hale, MI Coney and Ice Cream Business

      Thriving Coney Island business with beer/wine license and unique amenities.
      482 Sage Lake Rd, Hale, MI 48739
      View Details
    • $169,900
      7,800 SF

      Hale, MI Commercial Building

      Commercial building with frontage on M-65 in Hale, MI.
      3165 M-65, Hale, MI 48739
      View Details
    • $114,900
      2,080 SF

      Pole Barn Storage in Hale

      40x52 pole barn with high ceilings and ample features.
      5057 South Branch Road, Hale, MI 48739
      View Details
    • $435,000
      2,964 SF

      Versatile Commercial Building on M-65

      Commercial building with versatile layout, ample parking, and high visibility.
      4093 M-65, Hale, MI 48739
      View Details
    • $110,000
      1,200 SF

      Vacant Land with New Pole Barn

      Improved vacant land featuring a newly constructed pole barn.
      0 Kokosing Road, Hale, MI 48739
      View Details
    • $105,000
      1,664 SF

      Improved Vacant Land in Hale

      Vacant land with pole barn, cement floors, and electric.
      5041 South Branch Road, Hale, MI 48739
      View Details
    • $399,900
      1,150 SF

      Established Restaurant on Sage Lake

      Profitable restaurant with beer/wine license, equipment, and outdoor amenities.
      482 N Sage Lake Rd, LoganTownship_Ogemaw, MI 48739
      View Details
    • $185,000
      3,384 SF

      Commercial Property on M-65 Corridor

      Spacious commercial property suitable for various business uses.
      3746 N M-65, Hale, MI 48739
      View Details
    • $179,500

      Waterfront Acreage on Loon Lake

      One acre waterfront lot on Loon Lake with sandy beach.
      Lot 8 Wild Cherry Lane, Hale, MI 48739
      View Details
    • $160,000

      Wooded Recreational Land with Creek

      38.3 acres of wooded land with Hale Creek running through the back and access via gated entrance and drivable trail.
      000 Ora Lake Road, Hale, MI 48739
      View Details
    • $400,000

      Waterfront Lot on Loon Lake

      One-acre waterfront lot with 132 feet of frontage.
      00 Wild Cherry Lane, Hale, MI 48739
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre lot with garage near lakes and trails.
    Where is this residential land & home lot located?
    The property is located at v/l Morawa Trail Hale, MI.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: One‑acre lot ideal for building.; 18x22 steel garage with concrete floor.; Conveniently located near lakes.
    (586) 747-8767
    We can help!
    Listing Contact
    CHERYL MCDONELL
    CHERYL MCDONELL
    Real Estate License ID: 6502431043
    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
    v/l Morawa Trail, Hale, MI 48739
    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!