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Property profile & analytics
OFF-MARKET
Apartment buildings

1 Grand River Ave Howell, MI 48855

25 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Lot 25 ac (1,089,000 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
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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