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Calhoun 49224
1001 Brooks Road
$125,000
● Land - Off Market

1001 Brooks Road

Albion, MI 49224
bedrooms
Studio
bathrooms
0 Bath
$144,165
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

15 acres of industrial land in Albion, Mi. This Calhoun County land is ready for your business or industrial endeavor, but also has great hunting opportunities.  Just on the edge of town.
Unit Size
-
Days on Market
-
Land Size
14.58 acres
Price per sqft
-
Property Type
Land
Property Taxes
$197
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #22045405)

Price History

Date / Event Date Event Price
Apr 19, 2023 Sold
Premium
Sold
Oct 25, 2022 Listed by Michigan Whitetail Properties $139,900
Listed by Michigan Whitetail Properties

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 635,192
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SUPERVISORS
  • Land Acres: 0000014582
  • Standard Land Use Code: 8002
  • County Land Use Code: 302
  • Legal Description 1: PART OF LOT 47 OF THE SUPERVISORS PLAT OF S 36, T2SR4W, SHERIDAN TOWNSHIP,CALHOUN COUNTY MI, DESCRIBED AS: COMM AT THE N 1/4

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003600

Zoning

  • Zoning: M2

Geography

  • District: 51
  • Parcel: 51-425-002-00
  • Lot: 47,49
  • Municipality: ALBION CITY
  • Latitude: 42.2569
  • Longitude: -84.7287

    Address

  • Full Address: 1001 Brooks Rd
  • Address - House Number: 1001
  • Address - Street Name: Brooks
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Albion
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $240,682
  • Initial Tax Delinquent Year: 2019

    Market Valuation

  • Market Total Value: $98,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,300

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Mike Plemmons, Michigan Whitetail Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22045405
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1001 Brooks Road built and last sold?
The property at 1001 Brooks Road was built in and last sold on Mar 31, 2023 for $125,000.
How much is this home worth?
The estimated value of the home located at 1001 Brooks Road is $0.
What are some comparable homes to 1001 Brooks Road?
There are currently no comparable homes to 1001 Brooks Road.
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