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Van Buren 49056
10055 Co Rd 215
$325,000
● House - Off Market

10055 Co Rd 215

Grand Junction, MI 49056
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,536 Ft²
$2,173
Est. Monthly
5.48%
Cap Rate

About This Property

Contractor's Delight or tear down and build new on this PRIME piece of property on North Lake.  This lovely wooded parcel boasts 7.4 acres and 198 ft of frontage on North Lake.  The beach is very sandy, and many believe it is THE best beach on the lake.  The house needs alot of work and may or may not be salvageable.  As stands, it has a partial new metal roof.  Newer unfinished front and framing for kitchen.  Two bedrooms upstairs and two bedrooms downstairs.  The only way to access the lower level is by going outside and around the house to the back or use a ladder.  No heat currently on lower level.  There is also a pole barn, car port and shed for wood.  This is a very unique parcel.  Bring your dreams and vision, and make this your special hideaway!
Unit Size
1,536 Ft²
Days on Market
68 days
Land Size
7.42 acres
Price per sqft
$234
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MichRIC MLS #25031362)

Price History

Date / Event Date Event Price
Sep 3, 2025 Sold
Premium
Sold
Jul 10, 2025 In contract -
In contract
Jun 19, 2025 Listed by Realty Executives Instant Equity $360,000
Listed by Realty Executives Instant Equity
May 26, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 239,580
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,050
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 242-G 16-1-15 1360-672 1414-718 *** COM ON SEC L 50' S OF W 1/4 PT, TH ELY PAR TO E & W 1/4 L 765.6' TO BEG DES, TH WLY PAR

Neighborhood

  • School District Name: Bangor Public Schools
  • School Tax School District: BANGOR
  • Census Tract: 010202

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 242-G
  • District: 06
  • Section: 429
  • Parcel: 80-06-016-049-00
  • Municipality: COLUMBIA TWP
  • Latitude: 42.3818
  • Longitude: -86.0708

    Address

  • Full Address: 10055 County Road 215
  • Legal Unit: 31
  • Address - House Number: 10055
  • Address - Street Name: County Road 215
  • State: MI
  • City Name: Grand Junction
  • Carrier Code: R012
  • 4-Digit Zip Code: 9500
  • Zip Code: 49056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,069
  • Tax Rate Code Area: 80060

    Appraisal Valuation

  • Standard Deviation: 0.3385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 32
  • Final Value: 266,501
  • High Value: 356,736
  • Low Value: 176,265

    Market Valuation

  • Market Total Value: $256,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,000

    Sales

  • Current Sale Contract Date: May 18, 2004
  • Current Sale Recording Date: May 26, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 19, 2001
  • Previous Sale Contract Date: May 19, 2001
  • Previous Sale Document Type: 27
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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$180

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1966 ft²

Average Home Age

61 years

Currently For Sale

231 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

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MichRIC

Listed by: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25031362
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 10055 County Rd 215 built and last sold?
The property at 10055 County Rd 215 was built in 1970 and last sold on May 18, 2004 for $220,000.
How much is this home worth?
The estimated value of the home located at 10055 County Rd 215 is $0.
What are some comparable homes to 10055 County Rd 215?
There are currently no comparable homes to 10055 County Rd 215.
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