Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1003-1015 E Grand River Ave Brighton, MI 48116

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,900 SF retail space available in Brighton, Michigan.

    Property size:
    2,900 SF
    Lot size:
    6.43 Acres

    Property Features for 1003-1015 E Grand River Ave

    General Information

    Size
    2,900 SF
    Lot size
    6.43 Acres

    We can help!

    Listing Contact
    Bruce Goodwin
    Source: Moodyscre

    Listing Agent: Bruce Goodwin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space on Grand River

    This 2,900 square foot retail space is located on East Grand River Avenue, west of Old US-23. The property benefits from its location and easy access to both US-23 and I-96. Ample parking is available. A signalized traffic stop is located at the main entrance. The location on East Grand River Avenue experiences a traffic count of 15,839 cars per day. Current co-tenants include Planet Fitness, Hallmark, Auto Zone, and Premier Pet Supply.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.771707
    Latitude
    42.524759

    Nearby Similar for Lease

    • $650 /Mo
      1,144 SF

      Professional Office Space in Brighton

      Brighton office space with shared amenities, ideal for productivity.
      5797 Felske Dr, Brighton, MI 48116
      View Details
    • $700 /Mo
      1,144 SF

      Bright Office Space in Brighton

      Professional office space with shared amenities near downtown Brighton.
      5797 Felske Dr Office #1 Dr, Brighton, MI 48116
      View Details
    • $12 SF/Yr
      11,819 SF

      Brighton Flex/Warehouse Space Available

      Flex/warehouse space in Eagle Business Center with freeway access.
      10421 Citation Dr, Brighton, MI 48116
      View Details
    • $1,500 /Mo
      11,775 SF

      Brighton Office Space For Rent

      Office space available across from Trinity Health Hospital in Brighton.
      2500-2548 Harte Dr | Brighton, Brighton, MI 48114
      View Details
    • Contact for pricing
      12,000 SF

      Emerson Drive Industrial Space

      12,000 SF Warehouse/Manufacturing Space Available
      12800-12828 Emerson Dr, Brighton, MI 48116
      View Details
    • Contact for pricing
      6,080 SF

      6,080 SF Flex Building

      Flex building with office/showroom, premier frontage, and centralized location.
      9901 East Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing
      3,100 SF

      Prime Brighton Retail Space

      3,100 SF Retail Building - Available Now
      6550 Whitmore Lake Rd, Brighton, MI 48116
      View Details
    • $15 SF/Yr
      81,269 SF

      Brighton Medical Office Building

      81,269 SF Medical Office Space Available
      2305 Genoa Business Park Dr, Brighton, MI 48114
      View Details
    • Contact for pricing
      23,000 SF

      Brighton Retail Space For Lease

      High-profile retail space in Brighton's dominant retail corridor.
      8101-8175 Movie Dr, Brighton, MI 48116
      View Details
    • $18 SF/Yr
      7,344 SF

      Retail Center Near Medical Campus

      Retail spaces available in high-visibility location near Genoa Medical Center.
      2300 Genoa Business Park Dr, Brighton, MI 48114
      View Details
    • $23 SF/Yr
      1,400 SF

      Brighton Retail Center - 1400 SF

      Prime Brighton retail space available.
      8240-8280 Movie Dr, Brighton, MI 48116
      View Details
    • $2,800,000
      9,200 SF

      Industrial Building on Grand River

      Well-maintained industrial building with fenced lot and storage.
      11801 Grand River Rd, Brighton, MI 48116
      View Details

    FAQs

    What type of property is this?
    Strip mall - 2,900 SF retail space available in Brighton, Michigan.
    Where is this strip mall located?
    The property is located at 1003-1015 E Grand River Ave Brighton, MI.
    What are key features of this property?
    This property features: - High Traffic Counts: 15,839 Cars Per Day on East Grand River Avenue; - Excellent Accessibility: Easy access to US-23 and I-96.; - Ample Parking: Provides convenient access for customers.
    (248) 306-8100
    Request Owner's contact information
    1003-1015 E Grand River Ave Brighton, MI 48116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1003-1015 E Grand River Ave
    Brighton, MI 48116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1003-1015 E Grand River Ave Brighton, MI 48116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bruce Goodwin
    Real Estate License ID: MI 6506041466
    (248) 306-8100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.