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    6797 Devils Lake Hwy Manitou Beach, MI 49253
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    6797 Devils Lake Hwy Manitou Beach, MI 49253

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    • Commercial real estate
    • 3.73 lot acres
    For Sale
    $300,000
    View Listing →
    Land For Sale, Manitou Beach For Sale
    $300,000
    3.73 Acres

    Land For Sale, Manitou Beach

    3.73 acre commercial land for sale in Manitou Beach.

    6797 Devils Lake Highway, Manitou Beach, MI 49253
    View Listing
    Property ID
    US43-1795591
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6797 Devils Lake Hwy

    Lot size
    3.73 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.73-acre commercial land parcel in Manitou Beach, Michigan, presents a unique investment opportunity. Located at 6797 Devils Lake Hwy, 49253, this property boasts a prime location and is zoned C-2, allowing for a variety of commercial uses. The land offers three potential 100-foot road frontage splits, each approved by Woodstock Township. Existing infrastructure includes well and sewer access. While a mobile home is currently situated on the site, its value is not included in the asking price of $315,000. The property's versatility makes it ideal for various ventures, including the construction of a new business, a dream home, or a pole barn/lake storage facility. This is a rare opportunity to acquire a sizable commercial lot with significant development potential in a desirable location. Access is strictly by appointment only; unauthorized entry is prohibited. The property's latitude and longitude coordinates are 42.004367, -84.295625 respectively. Lenawee County provides a strong local economy and supportive business environment. Don't miss this chance to secure this exceptional piece of commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitou Beach
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.295625
    Latitude
    42.004367

    Comparable in this City

    • $100,000
      1.00 Acre

      Cleared Corner Lot Near Water

      One-acre vacant land ready for construction near Devils Lake.
      7841 Devils Lake Hwy, Manitou Beach, MI 49253
      View Details
    • New
      $189,900
      19.33 Acres

      Land for Sale, Manitou Beach

      19.33 acre lot available in Manitou Beach, Michigan.
      13000 Woerner Rd, Manitou Beach, MI 49253
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    • New
      $75,000
      1.00 Acre

      Land in Manitou Beach, MI

      One acre of land for sale in Manitou Beach.
      Manitou Bch Rd Rd, Manitou Beach, MI 49253
      View Details
    • New
      $224,900
      2.00 Acres

      Land in Manitou Beach, MI

      Two-acre residential land for sale in Manitou Beach, Michigan.
      Manitou Beach Rd, Manitou Beach, MI 49253
      View Details
    • New
      $75,000
      1.00 Acre

      Land Near Devil's Lake

      One-acre lot near Devil's Lake public launch.
      Manitou Beach Rd, Manitou Beach, MI 49253
      View Details
    • $1,250,000
      8.79 Acres

      Manitou Beach Vacant Land

      Approximately 9 acres of land with Devil's Lake frontage.
      6000 Devils Lake Hwy, Manitou Beach, MI 49253
      View Details

    Similar Nearby for Sale

    • $300,000
      3.73 Acres

      Land For Sale, Manitou Beach

      3.73 acre commercial land for sale in Manitou Beach.
      6797 Devils Lake Hwy, Manitou Beach, MI 49253
      View Details
    • $1,250,000
      8.79 Acres

      Manitou Beach Vacant Land

      Approximately 9 acres of land with Devil's Lake frontage.
      6000 Devils Lake Hwy, Manitou Beach, MI 49253
      View Details
    • New
      $249,900
      0.52 Acres

      Residential Land with Lake Views

      Large lot ideal for custom home with walkout basement.
      6000 Blk Winter, Manitou Beach, MI 49253
      View Details
    • $172,000
      26.38 Acres

      Prime Land in Manitou Beach

      26+ acres of land with commercial potential near lakes.
      12000 Us Highway 223, Manitou Beach, MI 49253
      View Details
    • New
      $75,000
      1.00 Acre

      Land Near Devil's Lake

      One-acre lot near Devil's Lake public launch.
      Manitou Beach Rd, Manitou Beach, MI 49253
      View Details
    • $284,900
      0.14 Acres

      Lakefront Vacant Land Ready to Build

      Vacant lakefront lot in Manitou Beach, cleared and ready to build.
      1930 Geneva Hwy, Manitou Beach, MI 49253
      View Details
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    Manitou Beach, MI 49253
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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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