W 10691 W Grand River Road Unit SourceFi Fowlerville, MI 48836
W 10691 W Grand River Road Unit SourceFi, Fowlerville, MI, 48836
$350,000
For Sale
$350,000
Conventional restaurants
Property Size2,939 SF
Price / SF$119.09
Days on Market25
Property Features for W 10691 W Grand River Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,939 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
KW Realty Livingston
(586) 443-1618
Listed by
Brigel Lulaj · License #6501448878
(586) 443-1618
Source
Xome
Added: Jun 28 Updated: Jul 21 at 2:11PM Checked: Jul 21 at 2:11PM
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 KW Realty Livingston
Investment Insights
Based on property information with market context.
Key Highlights
- Standalone retail building currently set up as a restaurant
- Guest facilities: 3
- Year built: 19
Local Financial Insights For Specialty 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 | $44.1k | $15.00 |
| − Vacancy | −$1.1k | −$0.39 |
| EGI | $42.9k | $14.61 |
| − OpEx | −$10.7k | −$3.65 |
| NOI | $32.2k | $10.96 |
2,939 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$460.1K
$402.6K – $536.7K
NOI $32,204 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$468.1K
$409.6K – $546.2K
NOI $32,770 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
Where is this conventional restaurant located?
The property is located at W 10691 W Grand River Road Unit SourceFi Fowlerville, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Standalone retail building currently set up as a restaurant; Guest facilities: 3; Year built: 19
