Downtown Retail Restaurant
For Sale
$2,487,848
108 E Grand River, Brighton, MI 48116
Freestanding downtown building on Grand River with dedicated parking and municipal parking adjacent.
Property Size11,274 SF
Days on Market94
Property Features for 108 E Grand River
General Information
Standard status
Active
Size
11,274 SF
Property subtype
Retail
Building Details
Building Size
11,274 SF
Year Built
1940
Listing Agency:
Thomas A. Duke Company
Listed By:
John Porth · License #6501336460
(248) 476-8661
Source:
Thomasduke
Added: Jun 2
Changed: Sep 1
Last Checked: Sep 2 at 3:11PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This downtown Brighton building offers strong street-level exposure on Grand River and is positioned in the heart of the downtown shopping district. The property includes dedicated parking spaces and significant building systems capacity, including 27.5 tons of HVAC and an 800-amp electrical service.
Municipal parking is located adjacent, supporting convenient customer access. The adjacent building at 2,276 SF is also available for assemblage, offering an opportunity to expand the site footprint for a larger retail or restaurant concept.
With its prominent visibility and parking support, the property is well suited for an operator looking for an established downtown storefront location with robust power and HVAC capacity.
Municipal parking is located adjacent, supporting convenient customer access. The adjacent building at 2,276 SF is also available for assemblage, offering an opportunity to expand the site footprint for a larger retail or restaurant concept.
With its prominent visibility and parking support, the property is well suited for an operator looking for an established downtown storefront location with robust power and HVAC capacity.
Key Highlights
- Freestanding downtown building on Grand River in Brighton, built in 1940
- Outstanding visibility on Grand River in the downtown shopping district
- Dedicated parking spaces plus municipal parking adjacent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,470,700
$2.5M
Cap Rate 7%
$1,764,786
$1.8M
Cap Rate 9%
$1,372,611
$1.4M
Market Conditions
NOI Build-Up for 11,274 SF
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.
Gross rent
$169.1K $15.00/SF
− Vacancy
−$4.4K −$0.39/SF
EGI
$164.7K $14.61/SF
− OpEx
−$41.2K −$3.65/SF
NOI
$123.5K $10.96/SF
Area
Livingston County, MI
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,470,700
Cap Rate 7%
$1,764,786
Cap Rate 9%
$1,372,611
Alternative Uses
Best Use
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,535 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.80M
$1.57M – $2.10M
NOI $125,704 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
BP
Shops & Services
9,225 visits/mo
0.1 miles
Sunoco
Shops & Services
9,190 visits/mo
0.3 miles
Tim Hortons
Dining
7,215 visits/mo
0.1 miles
Dairy Queen
Dining
4,425 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
4,133 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Jameson's Irish Pub and Grill — 110 E Grand River Ave, Brighton, MI 48116
- Ginopolis' — 201 W Main St, Brighton, MI 48116
- Lu & Carl's — 100 W Main St, Brighton, MI 48116
- Brighton Ampitheater - The AMP — Millpond Trail, Brighton, MI 48116
- Jezebels Saloon — 205 W Main St, Brighton, MI 48116
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding downtown building on Grand River with dedicated parking and municipal parking adjacent.
Where is this bar & pub located?
The property is located at 108 E Grand River Brighton, MI.
What is the asking price?
The asking price for this property is $2,487,848.
What are key features of this property?
This property features: Freestanding downtown building on Grand River in Brighton, built in 1940; Outstanding visibility on Grand River in the downtown shopping district; Dedicated parking spaces plus municipal parking adjacent
