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    285 Main St Freeland, MI 48623

    • Commercial land
    • 0.59 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1261538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DOW credit union ATM / Atm

    Property Details for 285 Main St

    Lot size
    0.59 lot acres
    Zone code
    A1-AGRI
    Property type
    Commercial land
    APN
    29-13-3-21-0206-000
    APU
    29133210206000

    Description

    This exceptional 0.59-acre development site is ideally located in the heart of downtown Freeland, Michigan, at 285 S Main St, zip code 48623. Boasting approximately 115 feet of frontage on Main Street, this property (Parcel 1, APN 29-13-3-21-0206-000) presents a remarkable opportunity for commercial development. Its strategic position offers excellent visibility and accessibility, situated directly adjacent to a Marathon gas station. An existing ATM on the property further enhances its potential. This parcel is also conveniently located next to two additional lots (Parcel 2) that are available for purchase separately. The asking price for this prime development land is $750,000. This location in Saginaw County offers significant potential for a variety of commercial ventures, capitalizing on the high traffic and visibility of this Main Street location. The property's size and location make it an attractive investment for developers seeking a high-impact site in a thriving downtown area. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Freeland
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.1214
    Latitude
    43.5226
    CBSA code
    40980
    CBSA name
    SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,273
    $0.00
    $0.00
    $66,500
    -
    $0.00
    $0.00
    $133,000

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      8655 Carter Rd

      VACANT COMMERCIAL LAND • 0.92 Acres
      8655 Carter Rd, Freeland, MI 48623-9008
      View Details
    • Value Estimation by Request
      0.69 Acres

      10976 Freeland Rd

      VACANT COMMERCIAL LAND • 0.69 Acres
      10976 Freeland Rd, Freeland, MI 48623-9523
      View Details
    • Value Estimation by Request
      56.51 Acres

      9300 Freeland Rd

      VACANT COMMERCIAL LAND • 56.51 Acres
      9300 Freeland Rd, Freeland, MI 48623-9460
      View Details
    • Value Estimation by Request
      0.37 Acres

      11200 Freeland Rd

      VACANT COMMERCIAL LAND • 0.37 Acres
      11200 Freeland Rd, Freeland, MI 48623-9501
      View Details
    • Value Estimation by Request
      0.69 Acres

      8600 Midland Rd

      VACANT COMMERCIAL LAND • 0.69 Acres
      8600 Midland Rd, Freeland, MI 48623-8735
      View Details
    • Value Estimation by Request
      0.27 Acres

      400 Paul St

      VACANT COMMERCIAL LAND • 0.27 Acres
      400 Paul St, Freeland, MI 48623-9003
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Freeland Development Land For Sale

      Two parcels totaling 0.984 acres with frontage on Midland Road.
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      View Details
    • $750,000

      Freeland Land Parcel For Sale

      Prime development opportunity in downtown Freeland with frontage.
      285 S Main St, Freeland, MI 48623
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    • $450,000

      Freeland Commercial Land Opportunity

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    • $425,000

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      5300 Midland Rd, Freeland, MI 48623
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    • $77,000
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      Freeland Commercial Property Available

      Commercial property in Freeland, Michigan, suitable for various uses.
      8130 Midland Rd, Freeland, MI 48623
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    • $325,000

      2.2 Acres Prime Land Freeland

      2.2 acres of developmental land with house near MBS Airport.
      9255 Garfield Rd, Freeland, MI 48623
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    Similar Nearby for Lease

    • $8 SF/Yr
      10,000 SF

      Freeland Former Dow Corning Facility

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      10200 Hercules Rd, Freeland, MI 48623
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    • $2,200 /Mo
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      Freeland Office with Warehouse Space

      Professional office and warehouse space available for lease in Freeland.
      6098 Hackett Rd, Freeland, MI 48623
      View Details
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    285 Main St
    Freeland, MI 48623
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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