51 Chilson Rd, Howell, MI 48843
For Lease
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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.
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Akin & Akin Insurance Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GCD · Howell, MIHowell. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.