Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Superior Vacant Land Title is generated by Realmo AI

    TBD M26, Mohawk, MI 49950

    View on Map
    Claim this Listing
    New
    For Sale
    $279,000

    Vacant Land - Mohawk, MI

    Lot size:
    22.00 Acres
    Added:
    May 4, 2026
    Days on Market:
    5
    Last Refresh:
    May 8 at 7:06 pm

    Property Features for TBD M26

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    204-10-150-003
    Lot size
    22.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Great Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    REBECCA ZANDER

    Listing agent REBECCA ZANDER License #6501412240

    Listing office NORTHERN MICHIGAN LAND BROKERS - H 405 Sheldon Avenue, Houghton, MI

    Listing date May 4, 2026

    MLS# 50206294 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare Lake Superior waterfront property in Grand Sand Bay, Keweenaw Peninsula.
    • Unrivaled vantage point for Northern Lights viewing and panoramic lake views.
    • Sandy, rolling topography with mature Oak, Maple, and Pine trees.
    • Easy access to nature preserve hiking trails, waterfalls, boating, kayaking, fishing, snowmobiling, and snowshoeing.
    • Residential zoning with year‑round road access.
    • Exceptional investment and legacy property opportunity.

    Overview

    This 22-acre property is located on the shores of Lake Superior in Grand Sand Bay of Michigan’s Keweenaw Peninsula. The land features a sandy, rolling topography with Oak, Maple, and Pine trees. The property is zoned residential and has year-round road access. It offers panoramic water views and is positioned for viewing sunsets and the Northern Lights. The location provides access to nature preserve hiking trails, waterfalls, boating, kayaking, fishing, snowmobiling, and snowshoeing. This property is suitable for building a home or recreational use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mohawk
    County
    Keweenaw
    State
    Michigan
    Longitude
    -88.2191494
    Latitude
    47.4401565

    Nearby Similar for Sale

    • $399,000
      2,400 SF

      Mohawk Commercial/Industrial Flex Space

      Insulated 2,400 SF flex building on 10 acres.
      TBD Lot A Mohawk-Gay, Mohawk, MI 49950
      View Details
    • $399,000
      2,400 SF

      Mohawk Vacant Land with Buildings

      10 acres with insulated pole building and older garage.
      TBD Lot A Mohawk-Gay, Mohawk, MI 49950
      View Details
    • $50,000

      Mohawk Vacant Land with Creek

      Ten acre vacant land featuring Fulton Creek and apple trees.
      Lot D Mohawk Gay, Mohawk, MI 49950
      View Details
    • $79,000

      Mohawk, MI Vacant Land

      10 acre residential land with paved access and hardwood forest.
      TBD Lot C Mohawk Gay, Mohawk, MI 49950
      View Details
    • $50,000

      Wooded Land Parcel For Sale

      10-acre wooded parcel, ideal for building a secluded home.
      1021 Sedar Hill(Parcel C), Mohawk, MI 49950
      View Details
    • $78,800

      Mohawk MI Wooded 40-Acre Parcel

      40 acres of wooded land near Lake Superior.
      40 Acres Off Snowmobile Trail 133, Mohawk, MI 49950
      View Details
    • $78,800

      Mohawk, MI Vacant Land Parcel

      40-acre wooded parcel near Lake Superior and historic mining village.
      40 Acres Off Snowmobile Trail 133, Mohawk, MI 49950
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 22-acre residential land with Lake Superior views in Mohawk, MI.
    Where is this residential land & home lot located?
    The property is located at TBD M26 Mohawk, MI.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Rare Lake Superior waterfront property in Grand Sand Bay, Keweenaw Peninsula.; **Unrivaled vantage point for Northern Lights viewing and panoramic lake views.**; Sandy, rolling topography with mature Oak, Maple, and Pine trees.
    (906) 281-0104
    We can help!
    Listing Contact
    REBECCA ZANDER
    Real Estate License ID: 6501412240
    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
    TBD M26, Mohawk, MI 49950
    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!