Multi-Tenant Industrial with
For Sale
$2,800,000
11801 Grand River Rd, Brighton, MI 48116
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 Market745
Property Features for 11801 Grand River Rd
General Information
Standard status
Active
Size
17,500 SF
Property subtype
Industrial
Zoning
LI
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
17,500 SF
Year Built
1966
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Keller Williams Living
Listed By:
Brigs Lulaj · License #6501448878
(586) 443-1618
Source:
Cpix.resimplifi
Added: Oct 17, 2024
Changed: Oct 25
Last Checked: Oct 30 at 10:41AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$127,985
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,559,700
$2.6M
Cap Rate 7%
$1,828,357
$1.8M
Cap Rate 9%
$1,422,056
$1.4M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$157.5K $9.00/SF
− Vacancy
−$6.9K −$0.40/SF
EGI
$150.6K $8.60/SF
− OpEx
−$22.6K −$1.29/SF
NOI
$128.0K $7.31/SF
Area
Livingston County, MI
Vacancy
4.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,559,700
Cap Rate 7%
$1,828,357
Cap Rate 9%
$1,422,056
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 authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
