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    Vacant Homesite with Ski Slope Views Title is generated by Realmo AI

    C N Crossover Drive, Bellaire, MI 49615

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    Claim this Listing
    New
    For Sale
    $34,000

    Vacant Lot/Land - Bellaire, MI

    Lot size:
    0.93 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for C N Crossover Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential,Deed Restrictions,Bldg & Use Restrictions
    Pool private
    1
    Exterior features
    Club House, Golf Course, Tennis Courts, Pool, Exercise Facility, Lake Privileges, Water Front Park, Spa, Common Area, Trails, Countryside View
    Standard status
    Active
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Expense value
    308
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Inland Lake, Public Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    Scott Bicknell
    Scott Bicknell

    Listing agent Scott Bicknell

    Listing office Vacation Prop Network-Bellaire 5820 Shanty Creek Rd, Bellaire, MI

    Listing date Jun 4, 2026

    MLS# 1946103 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

    • Build‑ready homesite at Shanty Creek Resort in Northern Michigan with year‑round views of the former Summit Village ski slopes.
    • Community amenities include a clubhouse, pool, spa, exercise facility, tennis courts, and access to common areas and trails.
    • Private pool on‑site (PoolPrivateYN: true).
    • Water access includes inland lake/frontage, public lake, and lake privileges with access to a waterfront park.
    • Access to The Summit Beach Club on Lake Bellaire and the Lower Chain of Lakes for boating and swimming.
    • Summer recreation access includes nearby golf courses such as the Arnold Palmer design Legend, Weiskopf design Cedar River, and Hawk's Eye.

    Overview

    This listing offers a vacant 0.93-acre homesite located within a resort-area setting, provided under residential zoning and deed/building and use restrictions. The property is described as overlooking the former Summit Village ski slopes, which are now used as a popular winter tubing hill. The parcel is positioned to support year-round enjoyment and a range of recreational uses consistent with a private getaway or residence buildout.

    The seller’s remarks place the property in the heart of Northern Michigan at Shanty Creek Resort. The homesite is also described as having access to the Summit Beach Club on Lake Bellaire and the broader Lower Chain of Lakes, which are associated in the remarks with boating, swimming, and winter and summer recreation. Additionally, the listing references proximity to the Village of Bellaire, including shops, restaurants, and Glacial Hills hiking and biking trails.

    For buyers looking to build a vacation home or a full-time residence in a recreation-forward community, this parcel’s combination of ski-slope sightlines and lake-club access is likely to be a practical fit. As with any property under deed and building/use restrictions, prospective purchasers should plan to confirm the requirements and timelines that apply to building plans before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Bellaire
    County
    Antrim
    State
    Michigan
    Longitude
    -85.1891291
    Latitude
    44.9490292

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    FAQs

    What type of property is this?
    Recreation land - Vacant homesite near Shanty Creek Resort with access to Summit Beach Club and nearby year-round recreation.
    Where is this recreation land located?
    The property is located at C N Crossover Drive Bellaire, MI.
    What is the asking price?
    The asking price for this property is $34,000.
    What are key features of this property?
    This property features: Build‑ready homesite at Shanty Creek Resort in Northern Michigan with year‑round views of the former Summit Village ski slopes.; Community amenities include a clubhouse, pool, spa, exercise facility, tennis courts, and access to common areas and trails.; Private pool on‑site (PoolPrivateYN: true).
    (231) 883-7277
    We can help!
    Listing Contact
    Scott Bicknell
    Scott Bicknell
    Request Owner's contact information
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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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