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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    51 Chilson Rd, Howell, MI 48843

    3,744 SF 0.63 ac lot Built 1940
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0071811
    Property summary
    AI-generated overview

    This Howell, MI industrial property, located at 51 CHILSON, offers a unique investment opportunity. The 3,744 square foot building sits on a 0.63-acre lot and boasts a prime location with high visibility due to its main intersection placement and proximity to downtown Howell, experiencing 24,000 cars daily on Grand River Avenue. Currently occupied by a thriving business, the property features an attractive log exterior with newly sealed siding and a recently completed, striped asphalt parking lot. The interior is equally impressive, showcasing a stunning design with a stone fireplace and hardwood flooring. Over 2000 square feet are dedicated to office space. A separate, fully independent warehouse space is also available, featuring an 8-foot overhead door, its own entry and utilities, a bathroom, and additional storage in the full basement. This exceptional property is being sold in conjunction with another property located at 2426 E Grand River Ave (MLS #20240072834), a 1,800 square foot building listed at $399,000. Both properties must be purchased together to complete the sale. This presents a compelling opportunity for investors seeking a combined portfolio with significant income potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1940
    Total area 3,744 SF
    Lot 0.63 ac (27,312 SF)
    Zoning code GCD
    APN 11-06-200-026
    UPID US43-0071811
    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
    Current use
    Occupant on record · Public records
    • Akin & Akin Insurance Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $555k
    Blend (final) Blend
    $555k
    Owner & transaction history
    Marc Kremers · 1 yrs held
    Marc Kremers
    since 2025
    5 recorded transactions
    2025
    $785,000
    2006
    $245,000
    1969
    1969
    1969
    Zoning & alternative use
    GCD · Howell, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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