Property summary
This exceptional mixed-use property in Downtown Brighton, Michigan, presents a unique investment opportunity. Located at 118 W Grand River Ave, 48116, this property encompasses three buildings totaling 4,000 square feet on three stories. The asking price is $786,000, translating to $196.50 per square foot. Renovated in 2021, the property includes six parking spaces. The configuration offers diverse income streams. A two-bedroom apartment occupies the second floor, featuring a private entrance and separate utilities. The main floor is currently configured as an office space, complete with cubicles, a reception area, three private offices, a break room, and a conference space. A third, attached unit, previously a restaurant, is currently a blank canvas, ready for a new tenant or business venture. This versatile property is ideal for an investor seeking a blend of residential and commercial income, offering significant potential for growth and return. The property's central location in vibrant Downtown Brighton ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, multi-faceted property in a thriving Michigan community. The property is for sale by owner.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
DBD · Brighton, MIThe purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DBD in Brighton, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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