Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vanderbilt B-2 Zoned Land Title is generated by Realmo AI

    PARCEL C OLD 27 N HIGHWAY, Vanderbilt, MI 49795

    View on Map
    Claim this Listing
    New
    For Sale
    $160,000

    land - VANDERBILT, MI

    Lot size:
    29.70 Acres
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 10:06 am

    Property Features for PARCEL C OLD 27 N HIGHWAY

    General Information

    Property type
    Land
    Property subtype
    Other
    Interior features
    APPLIANCES:
    Standard status
    Active
    Lot size
    29.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Heath

    Listing agent Michael Heath

    Listing office Gaylord 700 W Main, MI

    Listing date May 21, 2026

    MLS# 201840230 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt 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

    • 29.7 acres of B‑2 zoned property in the Vanderbilt area.
    • High visibility location with frontage on Old 27 N Hwy and potential sign visibility from I‑75.
    • High traffic counts: 3919/day on Old 27 and 16,520/day on I‑75 (MDOT '24).
    • 18.5+\/- acres of flat, high ground.
    • Natural gas and Consumers electric are adjacent to the property.
    • Located 1.2 highway miles from I‑75 Exit 290.

    Overview

    This property features 29.7 acres of B-2 zoned land in the Vanderbilt area, with frontage on Old 27 N Hwy. A sign on this property would be visible from I-75. MDOT '24 traffic counts are 3919/day on Old 27 and 16,520/day on I-75. The land includes approximately 18.5 acres of flat, high ground and approximately 11.2 acres of low ground with Club Stream running through it from west to east. Natural gas is located at the southwest corner, and Consumers electric is adjacent to the property. It is located 1.2 highway miles from I-75 Exit 290. An easement along an existing 2-track will be granted to the sellers' adjacent-west ''Parcel A'' and their billboard lessee. There is also a commercial listing, MLS 201840231.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vanderbilt
    County
    Otsego
    State
    Michigan
    Longitude
    -84.66344
    Latitude
    45.133399

    Nearby Similar for Sale

    • $280,000

      Vanderbilt Multi-Unit Investment Opportunity

      Multi-unit property with income potential in downtown Vanderbilt.
      566 E MAIN STREET, VANDERBILT, MI 49795
      View Details
    • $43,500

      Vanderbilt Land Near Mackinaw Trails

      2.12 acres near Gaylord and Vanderbilt with utilities.
      6433 Old 27, Vanderbilt, MI 49795
      View Details
    • $165,000

      Vanderbilt Commercial Land Parcel

      10-acre commercial parcel with B-2 zoning near North Central Trail.
      10 AC OLD 27 N HIGHWAY, VANDERBILT, MI 49795
      View Details
    • $50,000

      Flat 2.2 Acre Lot

      2.2 acre lot near trails, golf, and ski hills.
      S STRAITS HIGHWAY, VANDERBILT, MI 49795
      View Details
    • $160,000

      Vanderbilt B-2 Zoned Land

      29.7 acres of B-2 zoned land in Vanderbilt, Michigan.
      Parcel C Old 27 N Highway, Vanderbilt, MI 49795
      View Details
    • $165,000

      Vanderbilt Commercial Land Opportunity

      10-acre commercial parcel with B-2 zoning near North Central State Trail.
      10 AC Old 27 N Highway, Vanderbilt, MI 49795
      View Details
    • $165,000

      Vanderbilt Commercial Land Parcel

      10-acre commercial parcel with excellent visibility and development potential.
      10 AC Old 27 N Highway, Vanderbilt, MI 49795
      View Details
    • $1,992,803
      9,100 SF

      New Dollar General Store Investment

      New Dollar General store with a 15-year absolute NNN lease.
      8336 Mill St, Vanderbilt, MI 49795
      View Details
    • $19,900

      Vanderbilt, MI Wooded Land

      Two-acre wooded property in Mount Vernon Hills community.
      10 Mount Vernon Hills Drive, Vanderbilt, MI 49795
      View Details
    • $18,000

      Vanderbilt Land for Sale

      Land in quiet subdivision near outdoor activities. Build your dream home!
      Mount Vernon Hills Drive lot: # 28, Vanderbilt, MI 49795
      View Details
    • $265,000

      39.6 Acres Near Thumb Lake

      Heavily wooded 39.6-acre parcel near Thumb Lake, ideal for building.
      1308 S Magee Road, Vanderbilt, MI 49795
      View Details
    • $165,000

      10-Acre Commercial Parcel For Sale

      10-acre commercial parcel with B-2 zoning.
      V/L - 10ac Old 27 N Road Vanderbilt, MI 49795
      View Details

    FAQs

    What type of property is this?
    Commercial land - 29.7 acres B-2 zoned land with highway frontage.
    Where is this commercial land located?
    The property is located at PARCEL C OLD 27 N HIGHWAY Vanderbilt, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 29.7 acres of B‑2 zoned property in the Vanderbilt area.; High visibility location with frontage on Old 27 N Hwy and potential sign visibility from I‑75.; High traffic counts: 3919/day on Old 27 and 16,520/day on I‑75 (MDOT '24).
    (989) 619-0400
    We can help!
    Listing Contact
    Michael Heath
    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
    PARCEL C OLD 27 N HIGHWAY, VANDERBILT, MI 49795
    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!