970 Gehringer DrFowlerville, MI 48836

Property Details for 970 Gehringer Dr

Year built

2007

Lot size

36.49 AC

Property size (Sq ft)

184,160 SF

Property type

Commercial real estate

APN

05-15-400-010

APU

515400010

Description

This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Fowlerville, Michigan. Strategically located on Gehringer Drive (Pad 1), this property benefits from its proximity to a Walmart Supercenter, ensuring high visibility and significant foot traffic. The site's convenient access to I-96 Interchange provides excellent accessibility for customers and employees. Situated in western Livingston County, this location offers a strong regional draw, attracting customers from a wide area. The property is ideally positioned to capitalize on Fowlerville's robust growth, with the area experiencing expansion in both the industrial and residential sectors. Recent growth indicators include 170 new jobs created within 1.5 miles of the site in 2018, and 75 new housing permits issued during the same year. This prime location, coupled with the established presence of a major retailer, makes this land parcel an attractive proposition for a variety of commercial ventures. The property's address is 970 Gehringer Dr (Pad 1), Fowlerville, MI 48836, and is conveniently located approximately 25 minutes from Lansing and 45 minutes from Detroit. This presents a compelling opportunity for businesses seeking a high-visibility location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $35,729,400

  6.5%

  $32,981,000

  7%

  $30,625,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,226,300

  Geo Method

  $17,226,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $64,072,200

  Retail / Commercial

  $33,024,200

  Mixed-Use / Specialty

  $33,039,100

  Hospitality / Lodging

  $24,412,500

  Office

  $32,981,000

  Institutional / Educational

  $34,394,800

  Residential Income

  $40,241,900

  Multifamily

  $47,528,600

  Automotive / Energy

  $29,481,200

  Parking / Income-Based Land

  $10,042,600

  Restaurant / Food Service

  $17,467,000

  Healthcare / Senior Housing

  $33,745,000

Location Insight

City

Fowlerville

County

Livingston

State

Michigan

Latitude

42.648

Longitude

-84.0786

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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