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Property profile & analytics
OFF-MARKET
Land

12 Grace Lake Rd Watersmeet, MI 49969

10.1 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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