Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Grand Riv Brighton, MI

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5+ acre commercial land with high traffic frontage.

    Type:LAND
    Lot size:
    5.00 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    370
    Last Refresh:
    Apr 1 at 9:30 pm

    Property Features for W Grand Riv

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Logan McAnallen

    Listing agent Logan McAnallen

    Listing office Legacy Commercial Group

    Listing date Apr 2, 2025

    Source Moodyscre

    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 Legacy Commercial Group

    Overview

    Prime Land on Grand River

    This commercial land offers 150 feet of frontage on West Grand River Avenue, encompassing a large plot exceeding 5 acres. The location is suitable for retail, office, and medical purposes, with site plans available for 55,700 square feet and 45,400 square feet. Situated along Grand River Avenue, a major thoroughfare, the property benefits from a traffic volume of over 22,000 vehicles per day. It also provides convenient access to the high-traffic I-96, which features over 81,000 vehicles per day. Located 3 miles from an expansive retail corridor, the area includes national tenants such as Target, Home Depot, Aldi, Marshalls, Dollar Tree, Best Buy, Bed Bath & Beyond, Panera, Starbucks, McDonald's, Wendy's, and more. The surrounding area has strong demographics, with a 5-mile population of 50,334 and an average 5-mile household income of $83,091.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7805
    Latitude
    42.529

    Nearby Similar for Sale

    • $450,000
      2,695 SF

      Brighton Commercial Property on 3.88AC

      2,695 SF building on 3.88 acres near I-96 and US-23.
      3600 S Old US Highway 23, Brighton, MI 48114
      View Details
    • $900,000
      7,031 SF

      Brighton Commercial Property on Grand River

      7,031 sq ft commercial property between Brighton and Howell.
      7475 Grand River Road, Brighton, MI 48114
      View Details
    • $295,000

      Land Near Brighton Airport

      2.36 acres near Woodland Lake and Brighton Airport.
      2096 Hunter Road, Brighton, MI 48114
      View Details
    • $450,000
      2,695 SF

      Brighton Property with Development Potential

      3.88 AC property near I-96 and US-23.
      3600 S Old US Highway 23, BrightonTownship_Livingston, MI 48114
      View Details
    • $1,799,900

      Brighton Land with Development Potential

      17.48 acres near downtown Brighton, zoned for high-density development.
      5920 PLEASANT VALLEY Road, Brighton, MI 48116
      View Details
    • $125,000

      Residential Land Near Brighton

      1.45 acre residential land parcel near Brighton, Michigan.
      0 Hunter Road, Brighton, MI 48114
      View Details
    • $275,000

      Residential Land in Desirable Neighborhood

      1.26-acre homesite in Brighton's sought-after Pine Creek Ridge.
      Lot 242-243 Hartford Way, Brighton, MI 48116
      View Details
    • $225,000

      Private Lake & Nature Preserve

      Rare opportunity: private lake, mature trees, and abundant wildlife.
      10493 Spring Grove, Brighton, MI 48114
      View Details
    • $850,000

      Professional Office Building Near Main

      Renovated office suites near Brighton's shopping and entertainment district.
      324 W Grand River Ave, Brighton, MI
      View Details
    • $150,000

      Residential Land in Brighton, MI

      Vacant 1.71-acre treed lot in The Dominion Subdivision.
      Northpointe Northpointe Ridge, Brighton, MI 48114
      View Details
    • $500,000

      20 Acres Vacant Land

      20 acre parcel ready for development in Brighton, MI.
      12840 LARKINS Road, Brighton, MI 48114
      View Details
    • Contact for pricing
      9,007 SF

      Brighton Office Investment Opportunity

      Well-maintained office building in Brighton's professional corridor.
      10484 Citation Dr, Brighton, MI 48116
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5+ acre commercial land with high traffic frontage.
    Where is this commercial land located?
    The property is located at W Grand Riv Brighton, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High‑traffic location on Grand River Ave with 22,000+ vehicles per day.; Large 5+ acre plot with 150' frontage on W Grand River Ave.; Excellent location for retail, office, or medical use.
    (517) 282-2861 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Logan McAnallen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!