Property profile

13 Pine Lake Dr Newaygo, MI 49337

OFF-MARKET
Land
1.75 ac lot
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Property summary

AI-generated overview

This exceptional 1.75-acre vacant commercial lot is ideally situated in Newaygo, Michigan, at 13 W Pine Lake Dr, zip code 49337. Priced at $160,000, this represents a land value of $91,428 per acre. The property, identified by APN 62-19-30-130-008, is zoned for commercial use, allowing for a variety of development options including retail, office, and multi-family projects. Located within Newaygo's premier retail center, this out-lot boasts an approved curb cut for convenient access. Essential utilities are already in place, simplifying the development process, and an off-site detention system is also established. The property is conveniently located near the Big Rapids MSA and falls under the taxing authority of the City of Newaygo, Newaygo County. This presents a unique opportunity for investors and developers seeking a prime location with established infrastructure for their next venture. The property's strategic location and versatile zoning make it an attractive investment in a thriving commercial area.

Property profile

Verified
Property type Land
Lot 1.75 ac (76,230 SF)

Cap rate & NOI

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

Location

13 Pine Lake Dr Newaygo, MI 49337
Newaygo metro
Google Maps

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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