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    412 E Edgerton Street Howard City, MI 49329

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    Claim this Listing
    Pending
    $395,000

    COMMERCIAL - Howard City, MI

    Type:Office
    Property size:
    31,347 SF
    Lot size:
    0.86 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    104
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 412 E Edgerton Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    6
    Rooms
    Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 1
    Parking
    30
    Interior features
    Broadband
    Standard status
    Pending
    APN
    047-104-006-00
    Size
    31,347 SF
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lengthy Legal in Documents

    Utilities

    Utilities
    Cable Available
    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1934
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Jacklynn Bissonette

    Listing agent Jacklynn Bissonette License #6502404428

    Listing office Century 21 Rockgate 220 E Edgerton Street, Howard City, MI

    Listing date Jan 14, 2026

    MLS# 26001727

    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

    Former High School Repurposing Opportunity

    This former high school in Howard City, MI, offers a unique opportunity to repurpose a landmark property. The main building provides approximately 23,759 square feet and features multiple classrooms, wide corridors, and open areas suitable for a variety of potential uses. A separate 7,767-square-foot building, formerly used as a gymnasium, offers additional standalone space that may support complementary uses. The property includes on-site parking and sits on a 0.86-acre lot. With a total property size of 31,347 square feet, its scale, configuration, and historic character may appeal to investors, developers, or owner-users seeking an adaptive reuse project. Any proposed use, redevelopment, or change of use is subject to buyer due diligence, local zoning requirements and governmental approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edgerton Building High School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Howard City
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.464933
    Latitude
    43.396231

    FAQs

    What type of property is this?
    School - Former high school with redevelopment potential in Howard City, Michigan.
    Where is this school located?
    The property is located at 412 E Edgerton Street Howard City, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Substantial Square Footage: Approximately 23,759 sq ft in the main building and an additional 7,767 sq ft in a separate gymnasium building.; Flexible Layout Options: Multiple classrooms, wide corridors, and open areas suitable for a variety of potential uses.; Separate Gymnasium Building: Provides additional standalone space that may support complementary uses.
    (989) 317-5660
    We can help!
    Listing Contact
    Jacklynn Bissonette
    Real Estate License ID: 6502404428
    Learn More
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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.

    More about this property
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