Commercially Zoned
For Sale
$229,000
568 Shaw Street, Howard City, MI 49329
COMMERCIAL - Howard City, MI
Property Size1,100 SF
Lot Size0.95 Acres
Price / SF$208.18
Days on Market189
Property Features for 568 Shaw Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking
10
Interior features
Broadband
Elementary school district
Tri County
Middle school district
Tri County
High school district
Tri County
Directions
Take Exit 118 (Howard City exit), If coming from the south (Grand Rapids area), turn right off the exit ramp, If coming from the north (Big Rapids area), turn left at the end of the ramp, Head east on Howard City-Edmore Rd toward town, Continue for approximately 1 mile into Howard City, Turn left onto Shaw St, Continue to 568 Shaw St
Standard status
Active
APN
59-047-252-002-00
Size
1,100 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
S 419 FT OF W 99 FT OF BLK B SECOND ADDITION TO VILLAGE OF HOWARD CITY.
Tax Annual Amount
739
Legal Description
S 419 FT OF W 99 FT OF BLK B SECOND ADDITION TO VILLAGE OF HOWARD CITY.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Water source
Well
Building Details
Year built
1945
Floors in Building
1
Number of units
1
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Ensley Real Estate
(616) 696-7653
Listed By:
Patrick J Ensley · License #6501379470
(616) 299-3933
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 24 at 3:06PM
MLS# 26005574
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.
Investment Insights
Based on property information with market context.
This commercial property at 568 Shaw Street offers a commercially zoned site for business, retail, office, or service-based use. The listing notes that residential use is not permitted under current zoning regulations. The property includes a 1,100-square-foot building and a lot sized at 0.95 acres.
The site is positioned for convenient customer and client access, with easy access to major roadways and visibility intended to support commercial activity. The lot size provides flexibility for a range of commercial applications.
For buyers seeking a commercial location in Howard City, MI, this property’s zoning and configuration are aligned with non-residential business uses, with opportunities to fit a variety of operating models within the stated development framework.
The site is positioned for convenient customer and client access, with easy access to major roadways and visibility intended to support commercial activity. The lot size provides flexibility for a range of commercial applications.
For buyers seeking a commercial location in Howard City, MI, this property’s zoning and configuration are aligned with non-residential business uses, with opportunities to fit a variety of operating models within the stated development framework.
Key Highlights
- Prime commercial zoning allows for business, retail, office, or service‑based use
- Convenient location with easy access to major roadways
- Strong visibility and accessibility for customers and clients
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,480
$252.5K
Cap Rate 7%
$180,343
$180.3K
Cap Rate 9%
$140,267
$140.3K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.0K $19.08/SF
− Vacancy
−$4.2K −$3.78/SF
EGI
$16.8K $15.30/SF
− OpEx
−$4.2K −$3.83/SF
NOI
$12.6K $11.48/SF
Area
Montcalm County, MI
Vacancy
19.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,480
Cap Rate 7%
$180,343
Cap Rate 9%
$140,267
Alternative Uses
Best Use
Office B
$180.3K
$157.8K – $210.4K
NOI $12,624 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$15.22M
$13.32M – $17.76M
NOI $1,065,635 @ 7.0% cap · market cap 465.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 49329, MI
8,707
Population
3,824
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
89%
High-School Grad
78.6 sq mi
ZIP Area
111
Density / Sq Mi
$71,585
Median Household Income
$37,418
Median Earnings
$870
Median Rent
$190,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property at 568 Shaw Street where residential use is not permitted.
Where is this office building located?
The property is located at 568 Shaw Street Howard City, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Prime commercial zoning allows for business, retail, office, or service‑based use; Convenient location with easy access to major roadways; Strong visibility and accessibility for customers and clients
