Property profile

32884 Maxton Rd Drummond Island, MI 49726

OFF-MARKET
Other commercial real estate
Property ID
US43-3516460
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This waterfront resort property on Drummond Island encompasses approximately 14 acres with about 630 feet of shoreline and a total building area of roughly 5,500 square feet. It is zoned commercial/residential and is configured as a hospitality use with a full-service RV park, rental cabins, and an owner’s residence designed for year-round occupancy. On-site amenities include an in-ground pool, shuffleboard and basketball courts, recreational watercraft (including fishing and pontoon boats and kayaks), and private docks. The property is described as being well maintained, includes features supporting ongoing operation, and offers potential for future expansion, with surrounding access to ORV trails.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
APN 006-265-017-25
UPID US43-3516460

Cap rate & NOI

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

Location

32884 Maxton Rd Drummond Island, MI 49726-9521
Drummond Island metro Census 971100 SAULT STE. MARIE, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2010
1 recorded transaction
2010
$80,000

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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