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

    500 W Home Street Edmore, MI 48829

    View on Map
    Claim this Listing
    For Sale
    $175,000

    LAND - Edmore, MI

    Lot size:
    13.25 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    104
    Last Refresh:
    Apr 21 at 7:06 pm

    Property Features for 500 W Home Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    041-210-013-10
    Lot size
    13.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Long legal, see Exhibit A
    Tax Annual Amount
    1600

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Public

    We can help!

    Listing Contact
    Steven D Lott

    Listing agent Steven D Lott License #6502432844

    Listing office Lott Realty 11690 Oriole Dr, Lakeview, MI

    Listing date Jan 7, 2026

    MLS# 26000794 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.

    Overview

    13.25 Acres in Edmore, MI

    This 13.25-acre property is located within the village limits of Edmore, Michigan. The land is currently leased to The Potato Festival for one weekend per year. Historically, the site served as the football and baseball fields for Montabella Community Schools. The property includes three buildings, one of which is a 24x24 structure. All buildings feature newer roofs and updated electrical systems. Water lines run throughout the property, and frost-free hydrants are installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmore
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.046044
    Latitude
    43.410071

    Nearby Similar for Sale

    • $350,000
      3,900 SF

      Versatile Warehouse/Office on 3.88 Acres

      Functional warehouse with office space on nearly 4 acres.
      1365 E Main Street, Edmore, MI 48829
      View Details
    • $550,000
      1,024 SF

      Turnkey Canine Facility on Acreage

      Canine facility on 25.8 acres, ideal for various uses.
      419 S Juniper Street NE, Edmore, MI 48829
      View Details
    • $399,000
      9,014 SF

      Former Retail Building on M-46

      Freestanding 9,014 SF retail building on 1.07 acres.
      1381 E Main Street, Edmore, MI 48829
      View Details
    • $349,900

      30 Acres Horse Farm Potential

      30-acre horse farm with income potential and multiple buildings.
      7924 N Deja Road, Edmore, MI 48829
      View Details
    • $184,900

      Spacious Duplex in Edmore, MI

      Updated duplex with long-term tenants near trails and parks.
      525 E Pine Road, Edmore, MI 48829
      View Details
    • Contact for pricing
      7 SF

      Manufacturing and Distribution Facility

      113,000 SF manufacturing/distribution facility with long-term tenant in Edmore, MI.
      1 Lakeland Place, Edmore, MI, 48829
      View Details
    • $175,000
      577,170 SF

      13.25 Acres in Edmore

      13.25-acre property with three buildings in Edmore, Michigan.
      500 West Home Street, Edmore, MI 48829
      View Details
    • $475,000
      4,000 SF

      Operating Cannabis Facility For Sale

      4,000 SF cannabis facility on 2.889 acres available.
      1379 INDUSTRIAL PARK DR, Edmore, MI
      View Details
    • $104,900
      1,440 SF

      Updated Commercial Building on Main

      Updated commercial building in high-traffic location suitable for office or retail.
      425 E Main Street, Edmore, MI 48829
      View Details
    • $349,900
      23,848 SF

      24,000 SF Building on 10 Acres

      Commercial building on 10 acres with new well/septic.
      1131 E Edmore Road, Edmore, MI 48829
      View Details
    • $104,900

      Updated Commercial Building on Main

      Updated commercial building in high-traffic location suitable for office or retail.
      425 E Main St, Edmore, MI, 48829
      View Details

    FAQs

    What type of property is this?
    Recreation land - 13.25-acre property within village limits, leased annually for festival.
    Where is this recreation land located?
    The property is located at 500 W Home Street Edmore, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 13.25‑acre property located within village limits.; Newer roofs and updated electrical systems in all three buildings.; Water lines run throughout the property with frost‑free hydrants.
    (989) 388-6584
    We can help!
    Listing Contact
    Steven D Lott
    Real Estate License ID: 6502432844
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!