Historic Retail
New
For Sale
$420,000
145 W Grand River Ave, Williamston, MI 48895
C-1-zoned commercial space features display windows, a gas fireplace, and a kitchenette.
Property Size2,518 SF
Price / SF$166.80
Days on Market5
Property Features for 145 W Grand River Ave
General Information
Standard status
Active
Size
2,518 SF
Property subtype
Retail
Zoning
C-1
Additional Details
Frontage
27 ft
Amenities
large storefront windows
custom gas see-through fireplace
designer kitchenette
fully remodeled bathroom
custom cabinetry and crown molding
tall ceilings
Building Details
Building Size
2,518 SF
Year Built
1929
Buildings
1
Listing Agency:
Colliers Lansing
Listed By:
Shawn H. O'Brien · License #6502358107
(517) 303-5554
Source:
Cpix.resimplifi
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 3:16PM
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 Colliers Lansing
Investment Insights
Based on property information with market context.
Built in 1929, this 2,518-square-foot storefront combines retail and office potential with tall ceilings, broad display windows, and a custom see-through gas fireplace. Interior finishes include a designer kitchenette, custom cabinetry, crown molding, and a fully remodeled bathroom. The property is zoned C-1.
The building has 27 feet of frontage on W Grand River Ave in downtown Williamston. Parking is available a short walk away.
The building has 27 feet of frontage on W Grand River Ave in downtown Williamston. Parking is available a short walk away.
Key Highlights
- 2,518‑square‑foot building constructed in 1929
- 27 feet of frontage on W Grand River Ave in downtown Williamston
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,365
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,300
$347.3K
Cap Rate 7%
$248,071
$248.1K
Cap Rate 9%
$192,944
$192.9K
Market Conditions
NOI Build-Up for 2,518 SF
Gross rent
$30.2K $12.00/SF
− Vacancy
−$5.4K −$2.15/SF
EGI
$24.8K $9.85/SF
− OpEx
−$7.4K −$2.96/SF
NOI
$17.4K $6.90/SF
Area
Ingham County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,300
Cap Rate 7%
$248,071
Cap Rate 9%
$192,944
Alternative Uses
Best Use
Retail
$248.1K
$217.1K – $289.4K
NOI $17,365 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.5K
$354.0K – $472.0K
NOI $28,318 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 30%
Shops & Services 27%
Home Improvements & Furnishings 4%
D&W Fresh Market
Groceries
20,234 visits/mo
0.1 miles
McDonald's
Dining
11,900 visits/mo
0.2 miles
Speedway
Shops & Services
8,315 visits/mo
0.2 miles
Citgo
Shops & Services
3,376 visits/mo
0.2 miles
SUBWAY
Dining
2,766 visits/mo
0.3 miles
Demographics for 48895, MI
11,472
Population
5,019
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
97%
High-School Grad
82.9 sq mi
ZIP Area
138
Density / Sq Mi
$100,565
Median Household Income
$57,330
Median Earnings
$1,005
Median Rent
$272,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- English Flower Farm — 1090 Williamsburg Ct, Williamston, MI 48895
Frequently Asked Questions
What type of property is this?
Storefront property - C-1-zoned commercial space features display windows, a gas fireplace, and a kitchenette.
Where is this storefront property located?
The property is located at 145 W Grand River Ave Williamston, MI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,518‑square‑foot building constructed in 1929; 27 feet of frontage on W Grand River Ave in downtown Williamston; C‑1 zoning
