Property profile

118 Grand Riv Ave Brighton, MI 48116

OFF-MARKET
Commercial real estate
Property ID
US43-1978018
2,276 SF 0.08 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,276 SF
Lot 0.08 ac (3,572 SF)
Zoning code DBD
APN 18-31-102-017
UPID US43-1978018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 Grand Riv Ave Brighton, MI 48116-1510
Brighton metro Census 741601 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$120k

Owner & transaction history

since 2026
7 recorded transactions
2026
$440,000
2012
$150,000
2011
Price N/A
2011
$190,000
2007
Price N/A
2001
$158,000
1969
Price N/A

Zoning & alternative use

DBD · Brighton, MI
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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