1 Grand River Ave Howell, MI 48855
This exceptional 25-acre parcel, located at 1 Grand River Ave in Howell, Michigan, presents a remarkable opportunity for multifamily development. Zoned for multi-family use, this B-Class property offers significant potential for investors seeking a prime location in Livingston County. The asking price is $800,000, translating to a land value of $32,000 per acre. The property's convenient location near major roadways like M-59 and I-96, as well as the Tanger Outlet Mall, ensures high visibility and accessibility. The ample lot size allows for substantial development, catering to a wide range of project scales and designs. The property's APN is 0620400009, and it is privately owned. This is a rare chance to acquire a large, strategically positioned tract of land ideal for creating a thriving multifamily community in a desirable Michigan market. The property's existing zoning eliminates the need for lengthy and costly rezoning processes, streamlining the development timeline. This presents a significant advantage for developers seeking a quick and efficient path to project completion. The property's proximity to retail amenities and major transportation arteries further enhances its appeal and potential for strong rental demand. This is a truly exceptional investment opportunity not to be missed.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.