Property profile

3601 Shay Lake Rd Mayville, MI 48744

OFF-MARKET
Land
76.6 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 76.6 ac (3,336,696 SF)

Cap rate & NOI

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

Location

3601 Shay Lake Rd Mayville, MI 48744
Mayville 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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