1485 Michigan AveHowell, MI 48843

  • Other commercial real estate
  • 24,468 SF
For Lease
$18/SF/YR View listing

Property Details for 1485 Michigan Ave

Year built
2006
Lot size
4.53 AC
Property size (Sq ft)
24,468 SF
Zone code
B-2
Property type
Other commercial real estate
APN
17-25-300-024
APU
1725300024

Description

This exceptional Class A medical office space, located at 1485 N Michigan Ave in Howell, Michigan, presents a unique investment opportunity. The property, part of the Howell Crossings retail center, boasts a prime location at the southeast corner of M-59 and Michigan Avenue, ensuring high visibility and substantial foot traffic. The building, constructed in 2006, comprises two single-story structures totaling 7,174 square feet, with five suites in total. Currently, a 1,104 square foot suite is available, representing the minimum divisible space. The maximum contiguous space available is also 1,104 square feet. The property sits on a 4.5-acre lot and offers ample parking with 156 spaces. The building is zoned B-2 and features a diverse tenant mix, creating a strong customer base. The property's previous tenant was a Super Cuts franchise, making it ideal for a similar service business or retail establishment. Property taxes are $2.50 per square foot. The Livingston County location, with its APN 4717-25-300-024, offers easy access and strong community presence. This is a landmark retail center in Howell and the surrounding area, providing an excellent opportunity for a business seeking high visibility and a thriving customer base. No elevators are present.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,794,366
    Hospitality
    $4,391,614
    Educational
    $3,653,771
    Medical
    $3,779,430
    Retail
    $5,683,644
1485 Michigan Ave, Howell, Michigan

Location Insight

City
Howell
County
Livingston
State
Michigan
Latitude
42.6216
Longitude
-83.9242
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
$65,377
-
-
$2,281,800
-
-
-
$4,563,600

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