111 Grand River AveHowell, MI 48843

  • Commercial real estate
  • 4,160 SF
For Sale
$850,000 View listing

Property Details for 111 Grand River Ave

Year built
1890
Lot size
0.08 AC
Property size (Sq ft)
4,160 SF
Zone code
CBD
Property type
Commercial real estate
APN
17-36-307-027
APU
1736307027

Description

This exceptional three-story restaurant building, located at 111 W Grand River Ave in the heart of Downtown Howell, Michigan (48843), presents a unique investment opportunity. Boasting 5,744 square feet of space, this 1900-built property is zoned for Central Business District use (APN: 17-36-307-006). The asking price is $850,000, translating to $147.98 per square foot. The building includes a basement in addition to its three stories. A significant advantage is the inclusion of a liquor license, streamlining operations for a prospective buyer. Flexibility is offered with the possibility of a land contract or lease arrangement. While on-site parking is limited, ample municipal parking is conveniently located behind the building. The property enjoys a prime location on the south side of Grand River Avenue, just west of Michigan Avenue, ensuring high visibility and accessibility within the bustling Howell downtown area. Utilities are provided by municipal water and sanitary sewer services. This is a rare chance to acquire a well-situated, established restaurant building in a thriving Michigan community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $815,128
    Hospitality
    $746,653
    Educational
    $621,207
    Medical
    $642,571
    Retail
    $966,322

Location Insight

City
Howell
County
Livingston
State
Michigan
Latitude
42.6067
Longitude
-83.9293
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,922
-
-
$269,500
-
-
-
$539,000

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