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    721 Michigan Ave Howell, MI 48843

    Sponsored
    For Sale
    $650,000

    Prime Howell location, live/work opportunity.

    Property size:
    3,658 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 3,658 square foot Class C office building, situated on a 0.34-acre lot in Howell, Michigan (APN 4717-36-304-018), presents a unique owner-user investment opportunity. Built in 1960 and extensively renovated in 2022, the property boasts a multi-unit configuration with two units, including a professional office suite and a four-bedroom, two-bathroom residence. The office space is ideally suited for a variety of professional services, featuring four private offices/exam rooms, an administrative office, and a welcoming lobby. Its location on the main corridor from I-96 to downtown Howell offers excellent visibility and accessibility. The B-2 zoning permits a range of uses. The asking price is $650,000, translating to $177.69 per square foot. The property is available for occupancy on June 1, 2024. This live/work opportunity, with its convenient location and versatile layout, offers significant potential for both business and residential income. The attached residence provides the perfect space for the owner or the potential for rental income. This is a rare chance to acquire a well-maintained, established property in a thriving Michigan community.

    Property Features for 721 Michigan Ave

    General Information

    Property type
    Medical offices
    Square Feet
    3,658 SF
    Class
    C
    Lot Size
    14,810 SF

    Building Details

    Year Built/Renovated
    1960/2022
    Buildings
    1
    Stories
    3
    Units
    2

    HighLights

    • Prime Downtown Howell location.
    • Convenient expressway access.
    • Excellent walkability.
    • Ideal live/work space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Howell Chiropractic Chiropractor Martin Zella Chiropractor Pure & Simple Co Business Management Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.9330069
    Latitude
    42.6015199

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    FAQs

    What type of property is this?
    Medical office - Prime Howell location, live/work opportunity.
    Where is this medical office located?
    The property is located at 721 Michigan Ave Howell, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime Downtown Howell location.; Convenient expressway access.; Excellent walkability.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    721 Michigan Ave Howell, MI 48843
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