Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    409 Lake St Howell, MI 48843

    View on Map
    Sponsored
    For Sale
    $295,000

    Farmhouse - Howell, MI

    Type:Farm
    Property size:
    1,290 SF
    Lot size:
    0.20 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 23 at 11:06 pm

    Property Features for 409 Lake St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    1736103059
    Parking features
    Garage
    Interior features
    Smoke Alarm, High Spd Internet Avail
    Exterior features
    Fenced, All Sports Lake
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    1,290 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air
    Water front features
    Beach Access, Lake Privileges, All Sports Lake, Thompson Lake

    Building Details

    Year built
    1900
    Year renovated
    2026
    Floors in Building
    1.5
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Witt

    Berkshire Hathaway HomeServices Heritage Real Estate

    Listing agent Robert Witt

    Listing date Mar 20, 2026

    MLS# 20261015558 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Howell Home, Move-In Ready

    This charming home is located in the city of Howell and offers 1,290 square feet of living space. The residence features 3 bedrooms and 1.5 baths. The property includes appliances such as a refrigerator, stove, dishwasher, washer, and dryer. A large porch provides space for relaxation. The home is situated minutes from downtown Howell, with its local shopping and dining options, as well as annual events like the Michigan Challenge Balloonfest, Howell Melon Festival, and Fantasy of Lights Parade. Howell City Park, offering a beach and lake access, is located nearby, with scenic walking opportunities along Thompson Lake. The Thompson Lake City Boat Launch is located at the end of the street, providing access for boating, swimming, and relaxing by the water. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.9236
    Latitude
    42.609585

    Nearby Similar for Sale

    • $640,000
      3,744 SF

      Commercial Opportunity on High-Traffic Corner

      Commercial building with warehouse space and tenant-occupied front unit.
      51 Chilson Rd, Howell, MI 48843
      View Details
    • $600,000
      2,272 SF

      Established Childcare Facility in Howell

      Turnkey childcare facility for sale in Howell, Michigan.
      1025 Yorkshire Dr, Howell, MI 48843
      View Details
    • $500,000
      1,720 SF

      Howell Farmhouse with Extensive Outbuildings

      Farmhouse on 5.3 acres with city utilities and outbuildings.
      2795 N Burkhart Rd, Howell, MI 48855
      View Details
    • $225,000
      576 SF

      Howell Office Building For Sale

      Two-story office building near downtown Howell with parking.
      515 E Grand River Ave, Howell, MI 48843
      View Details
    • New
      $679,900
      2,608 SF

      Move-In Ready Howell Home

      Five-bedroom home with finished basement, pond view, and community amenities.
      601 Birkdale, Howell, MI 48843
      View Details
    • $295,000
      1,692 SF

      High-Traffic Corner Commercial Opportunity

      Commercial building on a high-traffic corner with excellent visibility.
      2426 E Grand River Ave, Howell, MI 48843
      View Details
    • $310,000
      2,024 SF

      Howell Farmhouse Multifamily Property

      Investment property with two units near schools, shopping, and dining.
      823 Alger St, Howell, MI 48843
      View Details
    • $589,000
      3,658 SF

      Howell Professional Office with Residence

      Professional office suite with a 4-bedroom residence.
      721 S Michigan Ave, Howell, MI 48843
      View Details
    • $443,485
      2,464 SF

      New Construction Farmhouse in Howell

      New construction farmhouse with customizable finishes, close to downtown Howell.
      607 Cannonade Loop, Howell, MI 48843
      View Details
    • New
      $339,900
      2,032 SF

      Farmhouse on 2 Acres

      Farmhouse on 2 acres near Downtown Howell.
      1340 County Farm Rd, Howell, MI 48843
      View Details
    • $499,900
      292 SF

      Downtown Howell Redevelopment Opportunity

      Redevelopment opportunity in the heart of downtown Howell, Michigan.
      401 E Grand River Ave, Howell, MI 48843
      View Details
    • $299,900
      1,696 SF

      Howell Farmhouse on Scenic Acreage

      Scenic 5-acre country setting in Howell with potential.
      1315 W Marr Rd, Howell, MI 48855
      View Details

    FAQs

    What type of property is this?
    Single family property - Move-in ready Howell home near downtown, parks, and lake access.
    Where is this single family property located?
    The property is located at 409 Lake St Howell, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Move-in ready condition with all appliances included (refrigerator, stove, dishwasher, washer, and dryer).; - Exceptional location: Minutes from downtown Howell's shopping, dining, and events.; - Direct access to Thompson Lake via the city boat launch at the end of the street.
    (517) 546-6440
    Request Owner's contact information
    409 Lake St Howell, MI 48843
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 Lake St
    Howell, MI 48843
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    409 Lake St Howell, MI 48843
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Witt
    Real Estate License ID: 6504153348
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!