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    Lake Michigan Waterfront Land Parcel Title is generated by Realmo AI

    28.6a Red Apple Road, Manistee, MI 49660

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    Claim this Listing
    New
    For Sale
    $1,700,000

    LAND - Manistee, MI

    Lot size:
    28.60 Acres
    Added:
    Jun 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 28.6a Red Apple Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    510611545001
    Lot size
    28.60 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    PT SE 1/4 SE 1/4 & N 1/2 OF GOVT LOT 2, COM SE COR SD SEC FOR POB, TH N 87 DEG 58 MIN 3 SEC W 366.3 FT, TH N 887.89 FT, TH N 88 DEG 4 MIN 10 SEC W 1931.69 FT TO AN INTER TRAV LI ALG SHORE LI LAKE MICH, TH ALG LI N 19 DEG 53 MIN 48 SEC E 441 FT TO N LI OF
    Tax Annual Amount
    14500

    Utilities

    Utilities
    Cable Available
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Heather Barker
    Heather Barker

    Listing agent Heather Barker

    Listing office LIGHTHOUSE REALTY-Manistee 360 E Parkdale, Manistee, MI

    Listing date Jun 7, 2026

    MLS# 26027696 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

    • 28.6‑acre parcel with 441 ft of frontage on Lake Michigan
    • Lakefront includes both cleared and wooded areas with pines, hardwoods, and birch
    • Rolling hills with access to natural gas at the road
    • Underground utilities available and cable available
    • Located about 3 miles south of Manistee’s deep port harbor

    Overview

    This offering is a 28.6-acre waterfront land parcel with 441 feet of Lake Michigan frontage. The property features rolling hills and a natural mix of cleared and wooded areas, including pines, hardwoods, and birch. The combination of open space and mature tree cover creates a setting that supports private recreational use as well as development planning.

    The parcel is located about 3 miles south of Manistee’s deep port harbor. The listing highlights access to sandy beach areas along the shoreline and lake views, with the surrounding landscape described as a largely untouched Lake Michigan waterfront. Natural gas is noted at the road, and underground utilities are stated as available.

    For buyers or developers, the site’s waterfront orientation and varied terrain may support a range of residential or retreat concepts while preserving a natural woodland character. With utilities noted at the road and underground availability, the property can be evaluated for feasibility based on the buyer’s intended design and layout. Its proximity to local recreation and amenities can also be a factor for buyers seeking a lakeside property in the Manistee area.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.348134
    Latitude
    44.22715

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    FAQs

    What type of property is this?
    Waterfront Land - Residential or recreational development opportunity with 441 feet of Lake Michigan frontage and mixed cleared and wooded terrain.
    Where is this waterfront land located?
    The property is located at 28.6a Red Apple Road Manistee, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 28.6‑acre parcel with 441 ft of frontage on Lake Michigan; Lakefront includes both cleared and wooded areas with pines, hardwoods, and birch; Rolling hills with access to natural gas at the road
    (231) 510-5505
    We can help!
    Listing Contact
    Heather Barker
    Heather Barker
    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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    28.6a Red Apple Road, Manistee, MI 49660
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