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Property profile & analytics
OFF-MARKET
Commercial real estate
102 Grand Riv Ave, Fowlerville, MI 48836-5136
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0548124
Property summary
AI-generated overview
This exceptional investment opportunity presents a 3,392 square foot retail storefront located at 102 E. Grand River Ave, Fowlerville, MI 48836. The property boasts a highly visible corner location, ideal for attracting customers. The building, classified as Class C, features two stories and includes a spacious upstairs apartment, offering dual income potential. The lot size is 1,742 square feet, and the property is zoned BC - Business Center. High ceilings and ample windows provide a bright and inviting atmosphere. A basement offers additional storage space. The asking price is $180,000, translating to $53.07 per square foot. This property presents a fantastic opportunity for owner-occupancy, combining retail space with convenient residential living, or as a sound investment with two income-generating units. The APN is 05-11-302-040. This is a rare find in a desirable location. Don't miss out on this chance to own a piece of Fowlerville's thriving business district.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
2,982 SF
Lot
0.04 ac (1,742 SF)
APN
05-11-302-058
UPID
US43-0548124
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Torch 180 · 1 yrs held
Torch 180
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fowlerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fowlerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$2,456
Tax year 2021
Assessed value
$99,782
Assessed 2023
Previous assessed
$99,782
+0.0% YoY
Effective rate
2.46%
On assessed value
Total market value
$199,564
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,982 SF
Lot
0.04 ac (1,742 SF)
APN
05-11-302-058
UPID
US43-0548124
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Torch 180
Individual
Mailing address
4605 S OLD US HWY 23, BRIGHTON, MI 48114-7521
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
Torch 180
—
Deed
related
$150,000 · Lake Trust Cu
Nov 12, 2024
—
Torch 180
Lake Trust Credit Union
Deed
$162,000 · Lake Trust Cu
Jul 28, 2023
$181,958
Lake Trust Credit Union
Lalonde & Waldennayer Properties Ll
Sheriffs Deed
related
—
Oct 12, 2018
$130,000
Lalonde & Waldenmayer Prop LLC
Mbc Equities LLC
Warranty Deed
$175,000 · Lake Tr Cu
Oct 12, 2018
—
Lalonde & Waidenmayer LLC
Waldenmayer,donald W
Quit Claim Deed
related
—
Mar 6, 2015
—
Waldenmayer,donald & Suzanne|mbc Equities LLC
Mbc Equities LLC
Quit Claim Deed
related
—
Oct 6, 2004
$325,000
Mbc Equities LLC
Fellows,peter T
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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