3601 Shay Lake Rd, Mayville, MI 48744
This exceptional 76.6-acre property in Mayville, Michigan, presents a unique investment opportunity. Located on a paved road in Tuscola County (APN: 005010000100001), this versatile land boasts a diverse landscape ideal for various uses. Approximately 22 acres are tiled and tillable, with an additional 20 acres of tillable land, half currently used for hay production. A sizable 16-acre pond adds to the property's appeal, providing a tranquil water feature and potential for recreational activities. Over 17 acres of wooded land, selectively cut in spring 2022, offer abundant wildlife habitat and potential for firewood. The hardwood tops remain on the site. The property has shown evidence of waterfowl, turkey, and deer. Several potential walkout building sites overlook the woods and pond. Currently zoned for agricultural use, there is no existing farming lease. The property requires septic installation and has no existing water facilities beyond the pond. This property is priced at $419,000, or $5,861.61 per acre. Don't miss this chance to own a beautiful, multi-use property in a desirable Michigan location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.