Multi-Tenant Industrial with
11801 Grand River Rd Brighton, MI 48116
For Sale
$2,800,000
Multi-tenant industrial building with office space, plus a fully fenced lot for outdoor storage and ample parking.
Property Size17,500 SF
Price / SF$160
Days on Market648
Property Features for 11801 Grand River Rd
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1966
Listing Agency:
Keller Williams Living
(586) 443-1618
Listed By:
Brigs Lulaj · License #6501448878,MICHIGAN
(586) 443-1618
Source:
Cpix.resimplifi
Added: Oct 17, 2024
Changed: Jul 23
Last Checked: Jul 23 at 3:08PM
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 Keller Williams Living
Investment Insights
Based on property information with market context.
Immaculately maintained multi-tenant industrial building offering professional office space alongside warehouse, storage, manufacturing, or laboratory potential. The property also features a fully fenced and secured lot designed to support outdoor storage, with ample on-site parking.
The building is prominently located on Grand River in Green Oak Township, positioned between the Pleasant Valley Road and Kensington Road exits from I-96, providing strong frontage and exposure along Grand River.
With a mix of office and industrial space and a secured yard for storage, the property is well suited for a variety of business operations that need both work space and outdoor staging or inventory storage.
The building is prominently located on Grand River in Green Oak Township, positioned between the Pleasant Valley Road and Kensington Road exits from I-96, providing strong frontage and exposure along Grand River.
With a mix of office and industrial space and a secured yard for storage, the property is well suited for a variety of business operations that need both work space and outdoor staging or inventory storage.
Key Highlights
- Multi‑tenant industrial building built in 1966 with professional office space plus warehouse and storage potential
- Fully fenced, secured lot for outdoor storage opportunities
- Ample on‑site parking
Financial Insights For Warehouse
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 | $157.5k | $9.00 |
| − Vacancy | −$6.9k | −$0.40 |
| EGI | $150.6k | $8.60 |
| − OpEx | −$22.6k | −$1.29 |
| NOI | $128.0k | $7.31 |
17,500 SF · lease $9.00/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,985 @ 7.0% cap · market cap 4.57%
Second Best
Flex RnD
$1.56M
$1.36M – $1.82M
NOI $109,103 @ 7.0% cap · market cap 3.90%
Theoretical Best
Healthcare Medical
$2.79M
$2.44M – $3.25M
NOI $195,124 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Multi-tenant industrial building with office space, plus a fully fenced lot for outdoor storage and ample parking.
Where is this flex space located?
The property is located at 11801 Grand River Rd Brighton, MI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Multi‑tenant industrial building built in 1966 with professional office space plus warehouse and storage potential; Fully fenced, secured lot for outdoor storage opportunities; Ample on‑site parking
