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    1285 Old Us 23 Howell, MI 48843

    For Sale
    $1,999,000

    20 Acres, 1732 sqft, High-Growth Area

    Property size:
    1,732 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 20-acre industrial property in Howell, Michigan, presents a unique investment opportunity. Boasting 1,732 square feet of existing building space, currently zoned residential, this property is ideally positioned within a master-planned industrial research and development area. The zoning allows for a wide range of uses, from light industrial to office or medical complexes, significantly expanding potential development options. The property includes two existing homes, one currently generating $550 monthly rental income (no assigned value). The substantial 681 feet of road frontage offers excellent visibility and accessibility. A major sewer main runs along the entire frontage, providing essential infrastructure. The strategic location benefits from the ongoing widening of Old US-23, and numerous new developments are underway in the immediate vicinity, promising significant future growth and increased property value. This prime location and flexible zoning make this property an attractive investment for developers and businesses seeking a foothold in a rapidly expanding area. The existing structures, while in need of repair, offer immediate income potential or the possibility of redevelopment. This is a rare opportunity to acquire a large parcel of land with significant development potential in a high-growth corridor. The combination of existing infrastructure, favorable zoning, and prime location makes this property a compelling investment prospect.

    Property Features for 1285 Old Us 23

    General Information

    Property type
    Industrial properties
    Square Feet
    1,732 SF
    Lot Size
    871,200 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.75287
    Latitude
    42.62243

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    FAQs

    What type of property is this?
    Industrial property - 20 Acres, 1732 sqft, High-Growth Area
    Where is this industrial property located?
    The property is located at 1285 Old Us 23 Howell, MI.
    What is the asking price?
    The asking price for this property is $1,999,000.
    (810) 632-5050
    Request Owner's contact information
    1285 Old Us 23 Howell, MI 48843
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    Howell, MI 48843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1285 Old Us 23 Howell, MI 48843
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