963 Grand AveFowlerville, MI 48836

Property Details for 963 Grand Ave

Year built

1984

Lot size

1.51 AC

Property size (Sq ft)

6,409 SF

Property type

Commercial real estate

APN

05-14-300-020

APU

514300020

Description

This exceptional 1.78-acre commercial lot, located at 963 South Grand Avenue in Fowlerville, Michigan, presents a unique investment opportunity. Boasting prime visibility from the I-96 exit ramp and significant frontage on Grand Avenue, this property benefits from high traffic volume generated by nearby major retailers such as Walmart. The lot is zoned General Business (GB), offering considerable flexibility for development or owner-occupancy. Currently featuring a restaurant, the true value lies in the land itself, making it ideal for developers seeking a strategic location or businesses looking to establish a strong presence in a thriving area. The property's APN is 4705-14-300-020, and its convenient location is less than one mile from downtown Fowlerville, providing easy access to local amenities and services. The asking price for this exceptional parcel is $1,500,000. This is a rare opportunity to acquire a high-traffic, strategically located commercial lot in a growing Michigan community. Don't miss out on this chance to capitalize on the potential of this prime real estate. The Livingston County location offers a strong foundation for future growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,243,430

  6.5%

  $1,147,780

  7%

  $1,065,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $599,498

  Geo Method

  $599,498

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,229,790

  Retail / Commercial

  $1,149,280

  Mixed-Use / Specialty

  $1,149,800

  Hospitality / Lodging

  $849,584

  Office

  $1,147,780

  Institutional / Educational

  $1,196,980

  Residential Income

  $1,400,470

  Multifamily

  $1,654,060

  Automotive / Energy

  $1,025,980

  Parking / Income-Based Land

  $349,494

  Restaurant / Food Service

  $607,874

  Healthcare / Senior Housing

  $1,174,370

Location Insight

City

Fowlerville

County

Livingston

State

Michigan

Latitude

42.6482

Longitude

-84.0717

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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