3518 Grange Hall Rd Holly, MI 48442-1006
Property profile & analytics
3518 Grange Hall Rd Holly, MI 48442-1006
- Office buildings
- 1,344 SF
- 0.48 lot acres
Property ID
US43-1533914
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Stilwell Construction / Construction Company
- Lume Cannabis Dispensary Holly, MI / (Bike/Boat/Book/etc) Store
Property Details for 3518 Grange Hall Rd
- Year built
- 1984
- Lot size
- 0.48 lot acres
- Property size
- 1,344 SF
- Property type
- Office buildings
- APN
- IH-01-28-427-013
- APU
- IH0128427013
Description
This exceptional investment opportunity presents a fee-simple interest in a 1,800 square foot, free-standing retail building occupied by Lume Cannabis in Holly, Michigan. The property sits on a 0.77-acre lot in a prime retail corridor, boasting high visibility and accessibility with over 13,200 vehicles passing daily. The property benefits from a brand new 15-year absolute NNN lease, commencing July 1, 2023, and expiring June 30, 2038, with a corporate guarantee from Lume Cannabis, a leading Michigan retailer. The lease includes annual rent increases of 2.00% for the first ten years and 1.50% for years 11-15, providing a hedge against inflation. Three 5-year lease options exist, potentially extending occupancy to 2053. The asking price is $3,333,333, representing a cap rate of 8.25% and a price per square foot of $1,851.85. The property's strong location, surrounded by national retailers like McDonald's, Wendy's, and CVS, ensures high foot traffic and consumer visibility. The building, constructed in 2023, is a single-story structure with excellent access and visibility, situated near US Hwy 75. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a limited-license market with minimal competition. The property's Net Operating Income (NOI) is $275,000. The property's address is 3518 Grange Hall Rd, Holly, MI 48442, with APN numbers 01-28-427-013 and 01-28-427-012.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Holly
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6292
- Latitude
- 42.806
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$2,197
$0.00
$0.00
$55,720
-
$0.00
$0.00
$111,440
