131 E GRAND RIVER AVE, Fowlerville, MI 48836

Building Details

Year Built 1932 More

Stories 1 More

Units 1 More

Tenancy Single More

Listing Agency: Ellsbury Group

Listed By: Lane Moser · License #MI 6501433695 Show Phone

Source: Crexi

Added: Jun 18 Changed: Nov 8 Last Checked: Nov 8 at 9:24AM

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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 Ellsbury Group

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Investment Insights

Based on property information with market context.

The property at 131 E Grand River Ave includes 1,262 square feet of retail building space and 48 feet of frontage along Grand River Avenue. It is currently operating as Save-On Family Foods, an established liquor and grocery store serving the Fowlerville community for more than 90 years. The sale is structured to include the operating business and the real estate, with existing in-store inventory (approximately $300,000) included at additional cost separate from the asking price. Reported financial results include $1,144,916 in total revenues for FY 2025, reflecting 34% year-over-year growth, and net income of $122,049. The listing also cites an 8.42% cap rate on the asking price, with revenue sources including retail sales, lottery commissions, ATM services, and ancillary income.

The location is in the heart of downtown Fowlerville and positioned along the area’s primary retail corridor. The property is described as having strong daily traffic exposure and visibility on Grand River Avenue, with access noted as minutes from I-96 (Exit 129) and M-52. The downtown corridor is supported by the Fowlerville Downtown Development Authority (FDDA).

This offering is well suited for buyers seeking an operating convenience-minded retail business with real estate included. With long-standing community presence, multiple revenue streams, and dedicated retail frontage along a downtown shopping line, the property provides a practical platform for an owner-operator or qualified retail investor looking to acquire an established storefront operation.

Key Highlights

• Established Save‑On Family Foods liquor and grocery store in downtown Fowlerville, MI, serving the community for 90+ years
• 1,262 SF building with 48 ft of frontage along Grand River Avenue (primary retail corridor)
• FY 2025 revenues of $1,144,916 and net income of $122,049; 8.42% cap rate on the asking price

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,263

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$925,260 $925.3K

Cap Rate 7%

$660,900 $660.9K

Cap Rate 9%

$514,033 $514.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,222 SF

Gross rent

$63.3K $15.00/SF

− Vacancy

−$1.6K −$0.39/SF

EGI

$61.7K $14.61/SF

− OpEx

−$15.4K −$3.65/SF

NOI

$46.3K $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 Rate 5%

$925,260

Cap Rate 7%

$660,900

Cap Rate 9%

$514,033

Alternative Uses

Best Use

Specialty Retail

$660.9K

$578.3K – $771.1K (±1% cap)

NOI $46,263 @ 7.0% cap · market cap 3.86%

Second Best

Retail

$623.9K

$545.9K – $727.9K (±1% cap)

NOI $43,675 @ 7.0% cap · market cap 3.64%

Theoretical Best

Healthcare Medical

$672.5K

$588.4K – $784.6K (±1% cap)

NOI $47,075 @ 7.0% cap · market cap 3.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Cardtronics ATM Atm Save-On Family Foods Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Hair Salon Bakery Spa & Massage Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

240

Businesses Nearby

25k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 79% Home Improvements & Furnishings 11% Dining 10%

Mobil Shops & Services

6,029 visits/mo 0.2 miles

BP Shops & Services

5,976 visits/mo 0.2 miles

Huntington Bank Shops & Services

4,533 visits/mo 0.4 miles

Kodet True Value Hardware Home Improvements & Furnishings

2,762 visits/mo 0.1 miles

Hungry Howie's Pizza Dining

2,490 visits/mo 0.4 miles

Demographics for 48836, MI

14,183

Population

5,614

Households

2.5

Avg Household Size

39

Median Age

21%

College-Educated

94%

High-School Grad

94.0 sq mi

ZIP Area

151

Density / Sq Mi

$86,317

Median Household Income

$47,510

Median Earnings

$1,068

Median Rent

$262,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Operate an established liquor and grocery store with retail frontage on a primary downtown corridor.

Where is this grocery and convenience store located?

The property is located at 131 E GRAND RIVER AVE Fowlerville, MI.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Established Save‑On Family Foods liquor and grocery store in downtown Fowlerville, MI, serving the community for 90+ years; 1,262 SF building with 48 ft of frontage along Grand River Avenue (primary retail corridor); FY 2025 revenues of $1,144,916 and net income of $122,049; 8.42% cap rate on the asking price