Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Commercial Building in Big Rapids Title is generated by Realmo AI

    816 Maple Street, Big Rapids, MI 49307

    View on Map
    Claim this Listing
    For Sale
    $189,900

    8000 sq ft building on a large lot.

    Type:Commercial/Industrial
    Property size:
    8,000 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $23/SF
    Added:
    May 5, 2025
    Days on Market:
    392
    Last Refresh:
    May 29 at 12:49 am

    Property Features for 816 Maple Street

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    1.50 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Joseph McNally

    Listing agent Joseph McNally License #6502393305

    Listing office RE/MAX TOGETHER

    Listing date May 5, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TOGETHER

    HighLights

    • 8000 sq ft structure in a prime Big Rapids location.
    • Large lot size of almost 1.5 acres offers potential for growth.
    • Located on the edge of commercial and industrial zoned districts.
    • Suitable for business owners, developers, and investors.
    • Close proximity to M‑20.
    • Building was built in 1920.

    Overview

    This 8000 square foot commercial structure is situated on a spacious lot in Big Rapids. Located a few blocks from M-20 and on the edge of both the commercial and industrial zoned districts, the property offers potential for various business uses. The parcel includes almost 1.5 acres of space, allowing for future growth and development.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.472264
    Latitude
    43.700986

    Nearby Similar for Sale

    • $315,000
      6,000 SF

      Versatile Commercial Building with Storage

      6,000+ sq ft building with updated office and storage units.
      510 N Bronson Avenue, Big Rapids, MI 49307
      View Details
    • $900,000
      4,085 SF

      Established Business and Executive Ranch

      Successful business, real estate, and executive ranch package deal.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $449,900
      10,500 SF

      Spacious Retail Building, Big Rapids

      10,500 SF retail building with parking in Downtown Big Rapids.
      310 N Michigan Avenue, Big Rapids, MI 49307
      View Details
    • $230,000
      6,000 SF

      Versatile Commercial Space Near Highway

      6000 sqft commercial space with living/office potential on 2.59 acres.
      18470 195th Ave, Big Rapids, MI 49307
      View Details
    • $230,000
      6,000 SF

      Versatile Flex Space Opportunity

      6000+ sqft flex space on almost 3 acres.
      18470 195th Avenue, Big Rapids, MI 49307
      View Details
    • $299,900
      2,177 SF

      Big Rapids Office with Acreage

      Versatile office building on 1.42 acres near Big Rapids.
      18554 Northland Drive, Big Rapids, MI 49307
      View Details
    • $299,900
      2,177 SF

      Versatile Commercial Building on Northland

      2,177 sq ft building on 1.42 acres near Big Rapids.
      18554 Northland Drive, Big Rapids, MI 49307
      View Details
    • $129,000
      2,497 SF

      Commercial Building in Big Rapids

      Commercial building in the heart of Big Rapids, Michigan.
      115 Hemlock Street, Big Rapids, MI 49307
      View Details
    • $425,000
      4,085 SF

      Kelly's Deer Processing Business Opportunity

      Established business with real estate and equipment included in sale.
      19055 12 Mile Road, Big Rapids, MI 49307
      View Details
    • $645,000
      2,758 SF

      Big Rapids Commercial Building

      Well-maintained commercial building with frontage on the Muskegon River.
      520 S 3rd Street, Big Rapids, MI 49307
      View Details
    • $169,000
      2,571 SF

      Downtown Commercial Opportunity in Big Rapids

      Flexible retail or office space in a prime downtown location.
      217 Maple Street, Big Rapids, MI 49307
      View Details
    • $679,000

      Historic Victorian Multifamily Property

      Eastlake-style Victorian masterpiece, currently a commercial space with rental units.
      414 Maple Street, Big Rapids, MI 49307
      View Details

    FAQs

    What type of property is this?
    Specialty property - 8000 sq ft building on a large lot.
    Where is this specialty property located?
    The property is located at 816 Maple Street Big Rapids, MI.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: 8000 sq ft structure in a prime Big Rapids location.; Large lot size of almost 1.5 acres offers potential for growth.; Located on the edge of commercial and industrial zoned districts.
    (616) 307-3026
    We can help!
    Listing Contact
    Joseph McNally
    Real Estate License ID: 6502393305
    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

    Thank You for Inquiry
    816 Maple Street, Big Rapids, MI 49307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!