Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land Parcel For Sale Title is generated by Realmo AI

    Hogenson lot D, Scottville, MI 49454

    View on Map
    Claim this Listing
    For Sale
    $245,000

    LAND - Scottville, MI

    Lot size:
    9.37 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    206
    Last Refresh:
    May 28 at 11:06 am

    Property Features for Hogenson lot D

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    53-011-026-015-61
    Lot size
    9.37 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    see attached survey
    Tax Annual Amount
    1391

    Utilities

    Utilities
    Electricity Available
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Lois Mitzelfeld
    Lois Mitzelfeld

    Listing agent Lois Mitzelfeld

    Listing office LIGHTHOUSE REALTY-Ludington 503 S Rath Ave., Ludington, MI

    Listing date Nov 3, 2025

    MLS# 25056409 Listing URL

    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.

    HighLights

    • 9.37 acre lot with 250 ft of private frontage on all‑sports St Marys Lake.
    • Cleared and surveyed lot ready for building a summer retreat, year‑round home, or short‑term rental.
    • Underground electric on site, soil borings completed, drives, cart paths, and boardwalks to the waterfront already in place.
    • Part of a limited 7‑lot development on a 60‑acre waterfront property, offering exclusivity.
    • All‑sports lake perfect for jet skiing, boating, fishing, kayaking, and ice fishing.
    • Affordable waterfront living with acreage, fulfilling the 'up north' dream.

    Overview

    This 9.37-acre land parcel on St Marys Lake in Scottville, MI, offers 250 feet of private lake frontage. Situated within a 114-acre development on the all-sports St Marys Lake, this lot is suitable for a summer retreat, year-round lake home, or short-term rental investment. The property features underground electric, completed soil borings, cleared and surveyed lots, existing drives and cart paths, and boardwalks to the private frontage. St Marys Lake supports various activities such as jet skiing, boating, fishing, ice fishing, and kayaking. This waterfront development includes only 7 lots on 60 acres of waterfront. Parcels range from over 4.5 acres to over 13 acres, with waterfront ranging from 93 ft to 300 ft.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Scottville
    County
    Mason
    State
    Michigan
    Longitude
    -86.303824
    Latitude
    43.908923

    Nearby Similar for Sale

    • $339,900
      1,800 SF

      Scottville Commercial Property with Apartment

      Commercial space with apartment and vacant lot in Scottville, MI.
      120 Main Street N, Scottville, MI 49454
      View Details
    • $89,900
      7,320 SF

      Spacious Commercial Building in Scottville

      7,320 SF commercial building in downtown Scottville, Michigan.
      107 S Main Street, Scottville, MI 49454
      View Details
    • $150,000
      2,850 SF

      Mixed-Use Investment Opportunity

      Fully leased mixed-use property in downtown Scottville with investment potential.
      133 S Main Street, Scottville, MI 49454
      View Details
    • $485,000
      3,200 SF

      Versatile Commercial Building on 1.58 Acres

      3,200 sq ft building on 1.58 acres in Scottville.
      825 W US 10 & 31, Scottville, MI 49454
      View Details
    • $1,390,000

      Sweetwater Meadows Multifamily Investment Opportunity

      Multifamily package with existing rentals and development potential in Scottville.
      Multiple Taylors Court & Evans Way, Scottville, MI 49454
      View Details
    • $94,900
      7,320 SF

      Spacious Building in Downtown Scottville

      7,320 SF building in downtown Scottville with parking.
      107 S Main St, Scottville, MI 49454
      View Details
    • $100,000

      Scottville Land with Utilities Ready

      1.39 acres in Victory Township with existing utilities.
      3008 N Amber Road, Scottville, MI 49454
      View Details
    • $124,900

      Waterfront Land on St Marys Lake

      4.63 acres with 93 ft of private lake frontage.
      Hogenson lot: H, Scottville, MI 49454
      View Details
    • $134,900

      St. Marys Lake Waterfront Land

      4.63 acre waterfront lot on St. Marys Lake.
      Hogenson lot: I, Scottville, MI 49454
      View Details
    • $245,000

      St Marys Lake Waterfront Land

      7.53 acres with 275 ft of private lake frontage.
      Hogenson lot: B, Scottville, MI 49454
      View Details
    • $179,900

      Waterfront Land on St Marys Lake

      13.13 acres with 204 ft of private lake frontage.
      Hogenson lot: G, Scottville, MI 49454
      View Details
    • $169,900

      St Marys Lake Waterfront Land

      10.88 acre waterfront lot on St Marys Lake.
      Hogenson lot: F, Scottville, MI 49454
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 9.37 acre waterfront lot with 250 ft frontage.
    Where is this waterfront land located?
    The property is located at Hogenson lot D Scottville, MI.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 9.37 acre lot with **250 ft of private frontage on all‑sports St Marys Lake.**; Cleared and surveyed lot ready for building a summer retreat, year‑round home, or short‑term rental.; **Underground electric on site, soil borings completed, drives, cart paths, and boardwalks to the waterfront already in place.**
    (231) 510-5065
    We can help!
    Listing Contact
    Lois Mitzelfeld
    Lois Mitzelfeld
    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
    Hogenson lot: D, Scottville, MI 49454
    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!