Manufacturing Facility with NNN
For Sale
Contact for pricing
Pending
4500 E Grand River Ave, Howell, MI 48843
Industrial manufacturing facility occupied under an absolute NNN lease with long-term contractual rent increases.
Property Size60,293 SF
Days on Market407
Property Features for 4500 E Grand River Ave
General Information
Standard status
Pending
Size
60,293 SF
Class
C
Property subtype
Industrial
Zoning
IND
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Additional Details
Road Access
Yes
Building Details
Year Built
1952
Buildings
1
Stories
1
Tenancy
Single
Building Size
60,293 SF
Listing Agency:
Fortis Net Lease
Listed By:
Doug Passon · License #MI 6502361821
(248) 254-3407
Source:
Crexi
Added: Jul 24, 2025
Changed: Aug 31
Last Checked: Aug 30 at 6:59PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
The 60,293-square-foot manufacturing facility was built in 1952 and is zoned IND. Reuland Electric Co. occupies the property under an absolute NNN lease with an initial 15-year term and 2.5% annual rent escalations. The lease provides for 100% occupancy by a manufacturer specializing in electric motors for military, industrial, elevator, crane, bridge, dam, and other demanding applications.
The property is located at 4500 E Grand River Ave. in Howell, Michigan, directly off Grand River Avenue. It is positioned 55 miles from Detroit and 40 miles from Lansing. Reuland Electric was founded in 1937 and employs 200 people across its operations. Its manufacturing platform includes more than 50 distinct product lines, with motors produced primarily in the United States.
The property is located at 4500 E Grand River Ave. in Howell, Michigan, directly off Grand River Avenue. It is positioned 55 miles from Detroit and 40 miles from Lansing. Reuland Electric was founded in 1937 and employs 200 people across its operations. Its manufacturing platform includes more than 50 distinct product lines, with motors produced primarily in the United States.
Key Highlights
- 60,293 SF manufacturing facility built in 1952
- 100% leased to Reuland Electric Co. under an absolute NNN lease
- Initial lease term of 15 years with 2.5% annual rent escalations
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 48843, MI
47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial manufacturing facility occupied under an absolute NNN lease with long-term contractual rent increases.
Where is this manufacturing property located?
The property is located at 4500 E Grand River Ave Howell, MI.
What are key features of this property?
This property features: 60,293 SF manufacturing facility built in 1952; 100% leased to Reuland Electric Co. under an absolute NNN lease; Initial lease term of 15 years with 2.5% annual rent escalations
