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    Historic Victorian Multifamily Property Title is generated by Realmo AI

    414 Maple Street, Big Rapids, MI 49307

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    Claim this Listing
    For Sale
    $679,000

    MULTI_FAMILY - Big Rapids, MI

    Lot size:
    0.53 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 414 Maple Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Rooms
    Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 6, Bedroom 2, Bathroom 5, Basement, Bathroom 1
    Parking
    8
    Parking features
    Paved or Surfaced
    Basement
    Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    5417-14-126-007
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    000414 MAPLE STREET: WARREN AND IVES' PLAT (ORIGINAL PLAT) -- BLK 22, LOT 13 EXC THE E 100 FT AND FURTHER EXC THE S 10 FT OF THE W 50 FT, LOT 14 EXC THE S 15 FT OF THE E 100 FT, AND ENTIRE LOTS 15 & 16.
    Tax Annual Amount
    11999

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1896
    Number of units
    3
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Whitney Kay Harrison
    Whitney Kay Harrison

    Listing agent Whitney Kay Harrison License #6501426400

    Listing office Epique Realty 411 S Main St., Rochester, MI

    Listing date Mar 5, 2026

    MLS# 26008285 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare, historically significant 1896 Eastlake‑style Victorian home built by prominent figure D.F. Comstock.
    • Meticulously restored in 2006, showcasing original hardwood floors, solid plank walls, and period‑appropriate details.
    • Features exquisite woodwork with a variety of fine woods, lavish trims, pocket doors, and a grand staircase.
    • Boasts soaring ceilings and five stained glass windows, enhancing the home's grand and open feel.
    • Includes 4 fireplaces with unique character.
    • Professionally landscaped gardens with carefully selected flowers, bushes, and trees.

    Overview

    The Historic Comstock House, an Eastlake-style Victorian masterpiece constructed in 1896, stands out with its red brick construction. Inside, the craftsmanship is evident in the variety of fine woods, including oak and mahogany, soaring ceilings of 12 feet on the main floor and 10 feet upstairs, and five stained glass windows. The woodwork is magnificent, featuring lavish picture rail, pocket doors, and grand staircase details. Renovations in 2006 revealed solid plank walls on 12-inch centers, and some original hardwood floors were restored. The home features four fireplaces, each with its own character and charm. Years of paint were meticulously stripped from wood trim and wainscoting to reveal solid hardwoods. Period-appropriate crown molding was either restored or custom-milled to match original profiles, and missing or damaged architectural elements like spindlework, brackets, and trim were recreated using traditional joinery techniques. The Comstock House remained a private residence until 1966, then served as a fraternity house for 38 years. In 2006, it was restored as a bed and breakfast. The property now serves as a commercial space for Edward Jones and has two upper rental units. The lot size is 0.53 acres. Every flower, bush, and tree has been carefully planted. Located in Big Rapids, MI 49307, the property reflects dedication to historical preservation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.477848
    Latitude
    43.698002

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    FAQs

    What type of property is this?
    Bed & breakfast - Eastlake-style Victorian masterpiece, currently a commercial space with rental units.
    Where is this bed & breakfast located?
    The property is located at 414 Maple Street Big Rapids, MI.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: Rare, historically significant 1896 Eastlake‑style Victorian home built by prominent figure D.F. Comstock.; Meticulously restored in 2006, showcasing original hardwood floors, solid plank walls, and period‑appropriate details.; Features exquisite woodwork with a variety of fine woods, lavish trims, pocket doors, and a grand staircase.
    (231) 250-6020
    We can help!
    Listing Contact
    Whitney Kay Harrison
    Whitney Kay Harrison
    Real Estate License ID: 6501426400
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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.

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