$500,000
●
Land -
Off Market
64 Wiley Road
Douglas, MI 49406
Studio
0 Bath
$1,102,306
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
A rare vacant land offering in the Village of Douglas. Over 20
gorgeous wooded acres on Wiley Road just west of Water Street with
breathtaking ravine views and Tannery Creek winding through it.
Offering many possibilities...could be the ideal opportunity for a
builder/developer to purchase and develop into the area's next
home/condo site development or split the parcel into several larger
sites, or keep the 20 acre piece together and build your estate
home tucked back among beautiful woods overlooking the ravine.
Excellent location close to Douglas, Saugatuck and Lake Michigan.
Not too many pieces like this left in the Village of Douglas. Rough
terrain. Call listing agent before walking the property. Walk at
your own risk.
Unit Size
-
Days on Market
-
Land Size
20.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$294
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 #19043875)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
| Apr 9, 2020 | Listed | $795,000 | |
| Listed | |||
| | |||
|
A rare vacant land offering in the Village of Douglas. Over 20 gorgeous wooded acres on Wiley Road just west of Water Street with breathtaking ravine views and Tannery Creek winding through it. Offering many possibilities...could be the ideal opportunity for a builder/developer to purchase and develop into the area's next home/condo site development or split the parcel into several larger sites, or keep the 20 acre piece together and build your estate home tucked back among beautiful woods overlooking the ravine. Excellent location close to Douglas, Saugatuck and Lake Michigan. Not too many pieces like this left in the Village of Douglas. Rough terrain. Call listing agent before walking the property. Walk at your own risk.
| |||
| Sep 13, 2019 | No longer available | - | |
| No longer available | |||
| Sep 9, 2019 | Listed by Coldwell Banker Woodland Schmidt Saugatuck | $795,000 | |
| Listed by Coldwell Banker Woodland Schmidt Saugatuck | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
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Listed On
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Closing Price
Sold On
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HOA + Taxes
About Douglas
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kimberly Laaksonen, Coldwell Banker Woodland Schmidt Saugatuck
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19043875
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.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19043875
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