Multi-Tenant Office-Retail
1004 Michigan Avenue Howell, MI 48843
1004 Michigan Avenue, Howell, MI, 48843
Contact for pricing
For Sale
Contact for pricing
Multi-tenant office and retail building offered for sale along Michigan Avenue in Howell, Michigan.
Property Size7,230 SF
Price / SF$155.60
Days on Market111
Property Features for 1004 Michigan Avenue
General Information
- Standard status
- Active
- Size
- 7,230 SF
- Property subtype
- Office, Mixed Use
Listing agency
Thomas Duke Company
(248) 476-8661
Listed by
Ethan Whitesell · License #6501464548
Source
Crexi
Added: Apr 3 Updated: Jul 21 at 6:06PM Checked: Jul 21 at 6:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Duke Company
Investment Insights
Based on property information with market context.
This multi-tenant office and retail building is configured to support both office and storefront uses within a single property. The offering is marketed as a multi-tenant office/retail building with a West side Michigan Avenue presence in the City of Howell.
The property is located at 1004 Michigan Avenue, Howell, MI, just north of I-96. That positioning provides convenient regional access for prospective tenants and customers.
The building is listed for sale. Additional leasing or unit-specific details were not provided in the available information.
The property is located at 1004 Michigan Avenue, Howell, MI, just north of I-96. That positioning provides convenient regional access for prospective tenants and customers.
The building is listed for sale. Additional leasing or unit-specific details were not provided in the available information.
Key Highlights
- Multi‑tenant office and retail building for sale along Michigan Avenue in Howell, MI
- Located on the west side of Michigan Ave., just north of I‑96
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.1k | $18.00 |
| − Vacancy | −$23.3k | −$3.22 |
| EGI | $106.8k | $14.78 |
| − OpEx | −$32.1k | −$4.43 |
| NOI | $74.8k | $10.34 |
7,230 SF · lease $18.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$934.9K – $1.25M
NOI $74,791 @ 7.0% cap · market cap 6.65%
Second Best
Mixed Use
$766.9K
$671.0K – $894.7K
NOI $53,683 @ 7.0% cap · market cap 4.77%
Theoretical Best
Healthcare Medical
$1.15M
$1.01M – $1.34M
NOI $80,614 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Livingston County Farm ...
Insurance Agency
Frederick Chiropractic
Alternative Medicine Practice
Diversified Counseling and Consulting ...
Counselor
Frederick Chiropractic Cln
Physician
Kelly M. Shuler
Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Multi-tenant office and retail building offered for sale along Michigan Avenue in Howell, Michigan.
Where is this office units located?
The property is located at 1004 Michigan Avenue Howell, MI.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Multi‑tenant office and retail building for sale along Michigan Avenue in Howell, MI; Located on the west side of Michigan Ave., just north of I‑96
