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Property profile & analytics
OFF-MARKET
Office Spaces

721 Michigan Ave Howell, MI 48843

3,658 SF 0.34 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1960
Total area 3,658 SF
Lot 0.34 ac (14,810 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Howell Chiropractic Alternative Medicine Practice
  • Martin Zella Alternative Medicine Practice
  • Pure & Simple Co Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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