Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Land Parcel in Baraga Title is generated by Realmo AI

    US 41/Beartown Road, Baraga, MI 49908

    View on Map
    Claim this Listing
    For Sale
    $34,900

    LAND - Baraga, MI

    Lot size:
    8.10 Acres
    Added:
    May 6, 2026
    Days on Market:
    17
    Last Refresh:
    May 22 at 2:06 am

    Property Features for US 41/Beartown Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    8.10 Acres

    We can help!

    Listing Contact
    DYLAN WILLEY
    DYLAN WILLEY

    Listing agent DYLAN WILLEY License #6501429957

    Listing office COLDWELL BANKER SCHMIDT REALTORS 407 S Lakeshore Blvd Suite A, MARQUETTE, MI

    Listing date May 6, 2026

    MLS# 50206716 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

    • Large 8‑acre wooded parcel offers privacy and potential.
    • Convenient location with road frontage on US 41 and Beartown Road provides easy year‑round access.
    • Varied terrain with a high ridge offers character and potential build sites.
    • Excellent flexibility for building a home or other uses.
    • Located outside of Baraga and not far from Houghton.
    • Offered at an excellent price.

    Overview

    This vacant land parcel, just over 8 acres, is located outside of Baraga, Michigan, and not far from Houghton. The property is conveniently located with road frontage on the corner of US 41 and Beartown Road, providing year-round access. The terrain varies throughout the parcel, featuring a high ridge on the north side. This lot offers flexibility for building a home or utilizing the land for other purposes.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Baraga
    County
    Baraga
    State
    Michigan
    Longitude
    -88.4804884
    Latitude
    46.8526354

    Nearby Similar for Sale

    • $39,900

      Baraga, MI 10-Acre Retreat

      10 acres in Michigan's Upper Peninsula, recreational paradise.
      15169 Bellaire Road, Baraga, MI 49908
      View Details
    • $85,000

      37 Acres in Baraga, Michigan

      37 acres of land with utilities in Baraga, Michigan.
      12549 M38 HIGHWAY, BARAGA, MI 49908
      View Details
    • $34,900

      Vacant Land Near Baraga

      8+ acre wooded parcel with road frontage near Houghton.
      TBD US 41/BEARTOWN ROAD, BARAGA, MI 49908
      View Details
    • $34,900

      Baraga County Acreage Ready To Go

      3.62 acres of attractive rolling land in Baraga County.
      16130 Bellaire Road, Baraga, MI 49908
      View Details
    • $38,500

      Wooded 10-Acre Parcel in Baraga

      10-acre wooded parcel with utilities ready for your dream build.
      Bellaire Road, Baraga, MI 49908
      View Details
    • $100,000

      80 Acres Hunting Land Baraga

      Prime hunting land near casino, shopping, dining, and Keweenaw Bay.
      TBD FROBERG ROAD, BARAGA, MI 49908
      View Details
    • $19,900

      Secluded 40-Acre Wilderness Parcel

      Secluded 40-acre parcel near Lake Superior in Baraga, MI.
      Near Gristmill Road, Baraga, MI 49908-1111
      View Details
    • $85,000

      Baraga Acreage with Utilities

      37 acres in Baraga, MI with utilities available.
      12549 M38 Highway, Baraga, MI 49908
      View Details
    • $100,000

      80 Acres Hunting Land Baraga

      80 acres of hunting land near Baraga, Michigan.
      Froberg Road, Baraga, MI 49908
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 8+ acre wooded land near Baraga, build your dream home!
    Where is this residential land & home lot located?
    The property is located at US 41/Beartown Road Baraga, MI.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Large 8‑acre wooded parcel offers privacy and potential.; Convenient location with road frontage on US 41 and Beartown Road provides easy year‑round access.; Varied terrain with a high ridge offers character and potential build sites.
    (906) 362-1688
    We can help!
    Listing Contact
    DYLAN WILLEY
    DYLAN WILLEY
    Real Estate License ID: 6501429957
    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
    US 41/Beartown Road, Baraga, MI 49908
    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!