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    Waterfront Land in Michigan's Upper Peninsula Title is generated by Realmo AI

    Lots E and F Moonview Drive, Sidnaw, MI 49961

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    For Sale
    $64,800

    Vacant Land - Sidnaw, MI

    Lot size:
    2.24 Acres
    Added:
    May 11, 2026
    Days on Market:
    9
    Last Refresh:
    May 19 at 6:06 am

    Property Features for Lots E and F Moonview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    2.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy Keohane

    Listing agent Timothy Keohane

    Listing office Great Lakes & Land Real Estate 856 West Washington, Marquette, MI

    Listing date May 11, 2026

    MLS# 11742212 Listing URL

    Copyright © 2026 My State 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

    • 2. 24+\/- acre waterfront parcel with 217 feet of frontage on Estes Lake
    • Surrounded by the nearly one‑million‑acre Ottawa National Forest
    • Newer 12x24 outbuilding provides versatile space
    • Located within a quiet recreational development in a Federal Forest setting
    • Proximity to the Bergland‑to‑Sidnaw Rail Trail
    • Area rich in Upper Peninsula history

    Overview

    Located in Michigan's Upper Peninsula, this 2.24-acre waterfront parcel features approximately 217 feet of frontage on Estes Lake in southern Houghton County. Estes Lake is a 22-acre inland lake known for its clear waters and depths reaching nearly 55 feet, offering recreational opportunities such as swimming, kayaking, canoeing, and fishing for Bluegill, Smallmouth Bass, Largemouth Bass, and Walleye. A newer 12x24 outbuilding provides space for storing camping gear, ATVs, kayaks, fishing equipment, snowmobiles, and other recreational items. Positioned among towering pines, the building complements the property's recreational character. Surrounded by the nearly one-million-acre Ottawa National Forest, the property is located in one of the Midwest's outdoor recreation regions. Nearby forest roads and trails provide access to hiking, ATV riding, snowmobiling, horseback riding, hunting, wildlife viewing, waterfalls, rivers, and old-growth forest settings. The nearby Bergland-to-Sidnaw Rail Trail offers four-season recreational access for biking, ORVs, snowmobiling, skiing, and hiking. The area surrounding Sidnaw has a history as a center of Henry Ford's logging operations in the early 1900s. During World War II, nearby Camp Sidnaw housed German POWs who worked within the regional timber industry. The wooded parcel offers gradually sloping terrain and mixed shoreline. This property is located within a quiet recreational development created from an original 80-acre tract, offering a combination of waterfront, history, surrounding Federal Land, and outdoor adventure. It can be used as a seasonal getaway, future cabin site, or a basecamp for Upper Peninsula recreation.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Sidnaw
    County
    Houghton
    State
    Michigan
    Longitude
    -88.7479
    Latitude
    46.5128

    Nearby Similar for Sale

    • $25,900

      Wooded Land Near Ottawa Forest

      8.52 acres of wooded land perfect for recreation.
      TBD85 S Sidnaw, Sidnaw, MI 49961
      View Details
    • $64,800

      Waterfront Land in Michigan's Upper Peninsula

      2.24-acre waterfront parcel on Estes Lake, surrounded by Ottawa National Forest.
      Lots E and F Moonview, Sidnaw, MI 49961
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.24-acre waterfront parcel on Estes Lake with recreational opportunities.
    Where is this waterfront land located?
    The property is located at Lots E and F Moonview Drive Sidnaw, MI.
    What is the asking price?
    The asking price for this property is $64,800.
    What are key features of this property?
    This property features: 2. 24+\/- acre waterfront parcel with **217 feet of frontage on Estes Lake**; Surrounded by the nearly one‑million‑acre Ottawa National Forest; Newer 12x24 outbuilding provides versatile space
    (906) 228-9312
    We can help!
    Listing Contact
    Timothy Keohane
    Learn More
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    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.

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