Two-Story Mixed-Use
For Sale
$99,000
9743 W Howard City Edmore Road, Lakeview, MI 48850
Commercial Sale, Lakeview, MI
Property Size600 SF
Lot Size0.81 Acres
Price / SF$165
Days on Market50
Property Features for 9743 W Howard City Edmore Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
High school
Lakeview High School
Elementary school district
Lakeview
Middle school district
Lakeview
High school district
Lakeview
Standard status
Active
APN
004-016-004-10
Size
600 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Beg 816.25 Ft E of NW Cor of NW 1/4 of SW 1/4; TH S 20 Rds ; E 6.5 RDS ; N 20 Rds ; W 6.5 Rds to POB Sec16 T12 R8W .81
Tax Annual Amount
1687
Legal Description
Beg 816.25 Ft E of NW Cor of NW 1/4 of SW 1/4; TH S 20 Rds ; E 6.5 RDS ; N 20 Rds ; W 6.5 Rds to POB Sec16 T12 R8W .81
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Water source
Well
Building Details
Year built
1958
Number of units
1
Listing Agency:
Coldwell Banker Lakes Realty · Coldwell Banker Real Estate
(231) 972-8300
Listed By:
Todd C. Lincoln · License #6501394276
(989) 560-4884
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 7 at 5:06AM
MLS# 26043940
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 mixed-use property occupies 0.81 acres along a major highway in Lakeview, Michigan. The primary improvement is a two-story concrete block building with a walk-out basement and an upper level that opens toward the parking area. The building measures 600 square feet, was constructed in 1958, and includes forced-air heating, broadband, and a bathroom.
The property is zoned for both commercial and residential use. A serviced mobile home or RV site includes water, septic, electric, and gas hookups. At the rear, a 24' x 28' two-story barn with electric service provides additional storage. The site has a well water source and natural gas available, with the building and outbuildings offering configuration for office, showroom, retail, contractor, or service-oriented operations as described in the property information.
The property is zoned for both commercial and residential use. A serviced mobile home or RV site includes water, septic, electric, and gas hookups. At the rear, a 24' x 28' two-story barn with electric service provides additional storage. The site has a well water source and natural gas available, with the building and outbuildings offering configuration for office, showroom, retail, contractor, or service-oriented operations as described in the property information.
Key Highlights
- 0.81‑acre mixed‑use property along a major highway in Lakeview, MI
- 600 square feet; two‑story concrete block building constructed in 1958
- Walk‑out basement and upper level opening toward the parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,452
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,040
$149.0K
Cap Rate 7%
$106,457
$106.5K
Cap Rate 9%
$82,800
$82.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$13.0K $21.60/SF
− Vacancy
−$1.0K −$1.73/SF
EGI
$11.9K $19.87/SF
− OpEx
−$4.5K −$7.45/SF
NOI
$7.5K $12.42/SF
Area
Calhoun County, MI
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,040
Cap Rate 7%
$106,457
Cap Rate 9%
$82,800
Alternative Uses
Best Use
Mixed Use
$106.5K
$93.2K – $124.2K
NOI $7,452 @ 7.0% cap · market cap 7.53%
Second Best
Office B
$94.4K
$82.6K – $110.2K
NOI $6,610 @ 7.0% cap · market cap 6.68%
Theoretical Best
Healthcare Medical
$7.12M
$6.23M – $8.30M
NOI $498,219 @ 7.0% cap · market cap 503.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 48850, MI
4,563
Population
1,973
Households
2.3
Avg Household Size
41
Median Age
14%
College-Educated
88%
High-School Grad
83.2 sq mi
ZIP Area
55
Density / Sq Mi
$65,064
Median Household Income
$41,473
Median Earnings
$665
Median Rent
$170,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning accompanies a walk-out basement, on-site parking area, and separate storage barn.
Where is this mixed-use property located?
The property is located at 9743 W Howard City Edmore Road Lakeview, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 0.81‑acre mixed‑use property along a major highway in Lakeview, MI; 600 square feet; two‑story concrete block building constructed in 1958; Walk‑out basement and upper level opening toward the parking area
