Property profile

12 Grace Lake Rd Watersmeet, MI 49969

OFF-MARKET
Land
10.1 ac lot
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Property summary

AI-generated overview

Exceptional opportunity to own 10.1 acres of prime commercial land in Watersmeet, Michigan. This fee simple property, identified by APN 06-38-200-512, boasts an impressive 439,956 square feet and offers unparalleled seclusion with frontage on both Cloverleaf and Spider Lakes. Cloverleaf Lake, accessible only to property owners, provides excellent fishing for bass and panfish. Spider Lake features a convenient walk-in canoe landing, also offering great bass and panfish fishing. The lakes are connected by a non-navigable channel. The property is conveniently located within a half-mile of the public boat landing on Cisco Lake, part of the renowned Cisco Chain, known for its resorts and recreational opportunities. The surrounding area includes abundant National Forest land and the Sylvania Wilderness area. The land features rolling terrain with multiple potential building sites overlooking both lakes. Mature trees, including large hemlocks, hardwoods, and majestic white pines, add to the property's natural beauty and privacy. This is a rare chance to acquire a substantial parcel with exceptional recreational access and development potential, zoned for residential use. The property is located at Lot 12 Grace Lake Rd, Watersmeet, MI 49969.

Property profile

Verified
Property type Land
Lot 10.1 ac (439,956 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12 Grace Lake Rd Watersmeet, MI 49969
Watersmeet metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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