Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10691 Grand River Ave Fowlerville, MI 48836
    Back to Search
    Property profile & analytics

    10691 Grand River Ave Fowlerville, MI 48836

    View on Map
    • Industrial properties
    • 2,939 SF
    • 0.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Be My Guest Cafe / Restaurant

    Property Details for 10691 Grand River Ave

    Year built
    1919
    Lot size
    0.90 lot acres
    Property size
    2,939 SF
    Property type
    Industrial properties

    Description

    This exceptional 2,939 square foot free-standing industrial building in Fowlerville, MI, presents a compelling investment opportunity. Currently housing a thriving breakfast and lunch restaurant (operating 7 AM to 3 PM daily with seating for 85 guests and occupying 2,000 square feet), the property also includes 880 square feet of vacant space ideal for retail use or a meeting room. The building sits on a 0.9-acre lot with ample paved parking. The property is zoned "Neighborhood Service Commercial," offering flexibility for various business ventures. A significant advantage is the potential for increased revenue by extending operating hours and introducing catering services. The building is available via land contract, offering attractive terms with a low down payment. The asking price of $175,000 is for the business and building

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fowlerville
    County
    Livingston
    State
    Michigan
    Longitude
    -84.1263
    Latitude
    42.6666

    Comparable in this City

    • Value Estimation by Request
      39.45 Acres

      9649 Van Buren Rd

      INDUSTRIAL (GENERAL) • 39.45 Acres
      9649 Van Buren Rd, Fowlerville, MI 48836-8221
      View Details
    • Value Estimation by Request
      9.17 Acres

      Warner

      INDUSTRIAL (GENERAL) • 9.17 Acres
      Warner, Fowlerville, MI 48836
      View Details
    • Value Estimation by Request
      3,360 SF

      1101 Smith Rd

      INDUSTRIAL (GENERAL) • 3,360 SF
      1101 Smith Rd, Fowlerville, MI 48836-8913
      View Details
    • Value Estimation
      $6,155,000
      142,638 SF

      500 Van Riper Rd

      INDUSTRIAL (GENERAL) • 142,638 SF
      500 Van Riper Rd, Fowlerville, MI 48836-7908
      View Details
    • Value Estimation
      $2,160,000
      59,000 SF

      445 Van Riper Rd

      INDUSTRIAL (GENERAL) • 59,000 SF
      445 Van Riper Rd, Fowlerville, MI 48836-7931
      View Details
    • Value Estimation by Request
      40.00 Acres

      1775 Damman Rd

      INDUSTRIAL (GENERAL) • 40.00 Acres
      1775 Damman Rd, Fowlerville, MI 48836-8909
      View Details

    Similar Nearby for Sale

    • $179,900
      2,000 SF

      Fowlerville Industrial Space - Prime Location

      Downtown Fowlerville: 2,000 sq ft Industrial Building
      114 2Nd St, Fowlerville, MI 48836
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Nicholson Rd, Fowlerville, MI 48836
      View Details
    • $39,900
      1.06 Acres

      Wooded Building Site in Handy

      One-acre wooded lot near Fowlerville with utilities and paved roads.
      Brandi Ln, Fowlerville, MI 48836
      View Details
    • $64,900
      1.02 Acres

      Residential Land in Handy Township

      Vacant residential parcel for building equity in Handy Township.
      Birch Meadows Ln, Fowlerville, MI 48836
      View Details
    • $6,900,000
      354.27 Acres

      Expansive Land with Development Potential

      350+ acres of prime land with two scenic lakes.
      N Fleming Rd, Fowlerville, MI 48836
      View Details
    • Contact for pricing
      1.58 Acres

      Land on Cedar Road

      1.58 acres with expressway exposure in Handy Township, Michigan.
      Cedar Rd, Fowlerville, MI 48836
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      4,146 SF

      Fowlerville Commercial Building For Lease

      4,146 SF commercial building in Fowlerville, MI available for lease.
      9649 Van Buren Rd, Fowlerville, MI 48836
      View Details
    • $900 /Mo
      1,000 SF

      Fowlerville Office Space for Rent

      Office space with four offices and a conference room.
      7124 W Grand River Rd, Fowlerville, MI 48836
      View Details
    • Contact for pricing

      Medical Office Suites For Lease

      Professional medical office suites available for lease near freeway.
      202 East Van Riper Rd, Fowlerville, MI 48836
      View Details
    • Contact for pricing

      Commercial Land Near I-96

      Located near I-96, accessible location in growing Livingston County.
      970 Gehringer Dr, Fowlerville, MI 48836
      View Details
    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.
    10691 Grand River Ave
    Fowlerville, MI 48836
    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

    Thank You for Inquiry
    10691 Grand River Ave, Fowlerville, MI, 48836
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!