805 Shaw St Howard City, MI 49329
- Commercial real estate
- 1.73 lot acres
Current Use by Public Records
- Family Dollar / Discount Supermarket / School Supply Store
- Redbox / Movie Rental Kiosk / Dvd Store
- General Shipples / Lodging
Property Details for 805 Shaw St
- Lot size
- 1.73 lot acres
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 047-434-001-00
- APU
- 4743400100
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Howard City
- County
- Montcalm
- State
- Michigan
- Longitude
- -85.4829
- Latitude
- 43.3953
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
