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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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