Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    805 Shaw St Howard City, MI 49329

    Sponsored
    For Sale
    $890,000

    Grocery/Convenience Store, High ROI

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Howard City, MI property offers a compelling investment opportunity. The 9,180 square foot free-standing building, constructed in 2006, is currently occupied by a Family Dollar store under a lease with four remaining 5-year renewal options, expiring June 30, 2026. Located at 805 Shaw St, on a 1.72-acre lot, this single-story retail space boasts a strong 6.99% cap rate and a net operating income (NOI) of $62,197. The asking price is $890,000, translating to $96.95 per square foot. The property's prime location in the heart of Howard City's retail district ensures consistent foot traffic and strong tenant occupancy. This is an owner/user NNN lease property, providing a stable income stream and significant potential for long-term growth. The property's solid tenant history and favorable lease terms make it an attractive investment for both seasoned and emerging investors seeking a reliable and profitable retail asset in a thriving Michigan market. The property is zoned for convenience store and grocery store uses.

    Property Features for 805 Shaw St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,180 SF
    Lot Size
    74,923 SF

    Building Details

    Stories
    1

    HighLights

    • $890,000 asking price for this 9,180 square foot retail property.
    • Located in Howard City, MI, at 805 Shaw St, on a 1.72‑acre lot.
    • The property is a single‑story building currently occupied by Family Dollar, operating under a NNN lease.
    • Features a 6.99% cap rate and a $62,197 NOI.
    • The price per square foot is $96.95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store Redbox Movie Rental Kiosk General Shipples Lodging

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Howard City
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.482661440227
    Latitude
    43.3957181582

    Nearby Comparable

    • $125,000
      5.00 Acres

      5 Acres Vacant Land Available

      5 acres of vacant land, great opportunity for a variety of uses.
      0000 W Hc-Edmore Rd N, Howard City, MI 49329
      View Details
    • $640,000
      84.20 Acres

      84.2 Acres Vacant Land

      84.2 acres of vacant land with road access.
      0000 W Hc-Edmore Rd, Howard City, MI 49329
      View Details
    • $420,000
      74.20 Acres

      Vacant Land Near US 131

      74.2 acres of vacant land with highway access.
      0000 W Hc-Edmore Rd, Howard City, MI 49329
      View Details
    • $20,000,000

      Wolverine Distribution Center for Sale

      Distribution center built for Wolverine Worldwide with expansion in 2003.
      214 Washburn St, Howard City, MI 49329
      View Details

    Nearby Similar for Sale

    • $20,000,000

      Wolverine Distribution Center for Sale

      Distribution center built for Wolverine Worldwide with expansion in 2003.
      214 Washburn St, Howard City, MI 49329
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Grocery/Convenience Store, High ROI
    Where is this individual retail property located?
    The property is located at 805 Shaw St Howard City, MI.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: $890,000 asking price for this 9,180 square foot retail property.; Located in Howard City, MI, at 805 Shaw St, on a 1.72-acre lot.; The property is a single-story building currently occupied by Family Dollar, operating under a NNN lease.
    Request Owner's contact information
    805 Shaw St Howard City, MI 49329
    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.
    805 Shaw St
    Howard City, MI 49329
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    805 Shaw St Howard City, MI 49329
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.