Mixed-Use Retail
For Sale
Contact for pricing
6105 Grand River Avenue, Brighton, MI 48114
Retail space is paired with a second-floor apartment and connected garage-warehouse area.
Property Size8,174 SF
Price / SF$128.46
Days on Market22
Property Features for 6105 Grand River Avenue
General Information
Standard status
Active
Size
8,174 SF
Class
B
Property subtype
Retail, Mixed Use
Zoning
GCD
Lease Type
Modified Gross
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Year Renovated
2022
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
KW Commercial
(586) 443-1618
Listed By:
Brigs Lulaj · License #MI 6501448878
Source:
Crexi
Added: Aug 11
Changed: Aug 31
Last Checked: Aug 31 at 10:02AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This mixed-use property combines a retail building with a second-floor apartment, connected garage, and warehouse area. The layout supports a combination of commercial activity, storage, and operational space within one property. The apartment may provide an owner-occupancy option or additional rental use.
The 8,174-square-foot property was built in 1950 and is zoned GCD. It is located at 6105 Grand River Avenue in Genoa Township, along Grand River between Brighton and Howell. New residential development is identified in the immediate area, adding surrounding housing context to the commercial setting.
The 8,174-square-foot property was built in 1950 and is zoned GCD. It is located at 6105 Grand River Avenue in Genoa Township, along Grand River between Brighton and Howell. New residential development is identified in the immediate area, adding surrounding housing context to the commercial setting.
Key Highlights
- 8,174‑square‑foot mixed‑use property
- Retail building with a second‑floor apartment
- Connected garage and warehouse area
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
$84,557
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
8.05%
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%
$1,691,140
$1.7M
Cap Rate 7%
$1,207,957
$1.2M
Cap Rate 9%
$939,522
$939.5K
Market Conditions
NOI Build-Up for 8,174 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
$147.1K $18.00/SF
− Vacancy
−$26.3K −$3.22/SF
EGI
$120.8K $14.78/SF
− OpEx
−$36.2K −$4.43/SF
NOI
$84.6K $10.34/SF
Area
Livingston County, MI
Vacancy
17.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,691,140
Cap Rate 7%
$1,207,957
Cap Rate 9%
$939,522
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,557 @ 7.0% cap · market cap 8.05%
Second Best
Mixed Use
$867.0K
$758.7K – $1.01M
NOI $60,692 @ 7.0% cap · market cap 5.78%
Theoretical Best
Healthcare Medical
$1.30M
$1.14M – $1.52M
NOI $91,139 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 48114, MI
21,222
Population
8,223
Households
2.6
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
29.0 sq mi
ZIP Area
732
Density / Sq Mi
$118,581
Median Household Income
$55,946
Median Earnings
$1,333
Median Rent
$384,800
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?
Mixed-use property - Retail space is paired with a second-floor apartment and connected garage-warehouse area.
Where is this mixed-use property located?
The property is located at 6105 Grand River Avenue Brighton, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 8,174‑square‑foot mixed‑use property; Retail building with a second‑floor apartment; Connected garage and warehouse area
