1397 Burkhart RdHowell, MI 48855

Property Details for 1397 Burkhart Rd

Year built

2008

Lot size

2.03 AC

Property size (Sq ft)

47,072 SF

Zone code

RSC

Property type

Commercial real estate

APN

06-29-401-001

APU

629401001

Description

This exceptional 0.93-acre pad site, located at 1397 N Burkhart Road in Howell, Michigan (48855), presents a unique investment opportunity. Zoned for Regional Service Commercial use, this property is ideally situated as an outlot to the Holiday Inn Express and directly adjacent to the Tanger Outlet Mall, boasting over 50 retail stores including major brands like Nike, GAP, Old Navy, and H&M. The site is designed to accommodate a 4,300 square-foot restaurant, though numerous other commercial uses are permitted. Its prime location offers excellent visibility to the high volume of shoppers frequenting the Tanger Outlet Mall. Convenient access to I-96 and M-59 ensures high traffic flow and easy accessibility. The property's APN is 06-29-401-002. This is a rare opportunity to acquire a highly visible and strategically located commercial parcel in a thriving retail environment. The asking price is $399,000.

• CAP approach

  CAP return

  Valuation

  6%

  $9,132,580

  6.5%

  $8,430,070

  7%

  $7,827,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,403,120

  Geo Method

  $4,403,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,377,100

  Retail / Commercial

  $8,441,120

  Mixed-Use / Specialty

  $8,444,930

  Hospitality / Lodging

  $6,239,920

  Office

  $8,430,070

  Institutional / Educational

  $8,791,440

  Residential Income

  $10,286,000

  Multifamily

  $12,148,500

  Automotive / Energy

  $7,535,520

  Parking / Income-Based Land

  $2,566,920

  Restaurant / Food Service

  $4,464,630

  Healthcare / Senior Housing

  $8,625,350

Location Insight

City

Howell

County

Livingston

State

Michigan

Latitude

42.6192

Longitude

-83.9946

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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