2165 Grand River AveHowell, MI 48843

Property Details for 2165 Grand River Ave

Year built

1950

Lot size

0.68 AC

Property size (Sq ft)

1,106 SF

Zone code

OS

Property type

Commercial real estate

APN

07-31-301-109

APU

731301109

Description

This exceptional 1,700 square foot industrial office building in Howell, Michigan, presents a unique investment opportunity. Situated on a 0.68-acre lot, this property offers significant expansion potential, including a second-level storage area measuring 33 x 11 feet, accessible via an interior stairway. The building boasts a highly functional interior, recently enhanced with a new entry ramp and porch, ideal for customer and staff access. Modernized exterior features include new, double-sided illuminated signage (10x5x1 ft), ensuring high visibility. Ample parking is provided with 13 freshly striped spaces. The property's strategic location in Livingston County benefits from high traffic volume, with county data indicating 44,000 cars passing daily. Its proximity to Howell's downtown area, shopping, and restaurants adds to its appeal. This building has a proven track record, having successfully operated as an insurance agency for over 35 years. The property is well-suited for a variety of businesses, offering the potential for full occupancy by a single entity or the generation of rental income from multiple tenants, maximizing investment return. Don't miss this chance to acquire a thriving commercial property in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $214,578

  6.5%

  $198,072

  7%

  $183,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,455

  Geo Method

  $103,455

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $384,795

  Retail / Commercial

  $198,332

  Mixed-Use / Specialty

  $198,421

  Hospitality / Lodging

  $146,613

  Office

  $198,072

  Institutional / Educational

  $206,563

  Residential Income

  $241,679

  Multifamily

  $285,440

  Automotive / Energy

  $177,054

  Parking / Income-Based Land

  $60,312.10

  Restaurant / Food Service

  $104,901

  Healthcare / Senior Housing

  $202,660

Location Insight

City

Howell

County

Livingston

State

Michigan

Latitude

42.6007

Longitude

-83.9108

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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