Property profile

732 Michigan Ave Howell, MI 48843

OFF-MARKET
Commercial real estate
Property ID
US43-2243808
5,460 SF 0.56 ac lot Built 1960
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This 5,460 square foot industrial building in Howell, MI, presents a compelling investment opportunity. Situated on a 0.56-acre lot in the burgeoning Michigan Avenue corridor, this multi-tenant property boasts excellent leases with secure tenants and a history of high occupancy. The building's strong financial performance makes it attractive for both investors seeking minimal management and owner-operators. Detailed financial and lease information is available upon request, following the execution of a simple confidentiality agreement. The property's location offers exceptional accessibility, less than one mile from the D-19/I-96 interchange. Prospective buyers should act quickly, as the impending construction of the Motor Speedway is expected to drive up property values in this thriving community. This is a chance to acquire a well-performing asset in a rapidly growing area, offering a strong return on investment. The building's consistent occupancy and stable tenant base contribute to its financial strength and make it a low-risk, high-reward investment. Don't miss this opportunity to secure a piece of Howell's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 5,460 SF
Lot 0.56 ac (24,394 SF)
Zoning code B-2
APN 17-36-304-038
UPID US43-2243808

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon

Location

732 Michigan Ave Howell, MI 48843-2635
Howell metro Census 725101 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
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2025
Last sale
$385,000
6 recorded transactions
2025
$385,000
2024
Price N/A
2012
$50,000
2009
$195,000
2005
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Howell, MI
Zoning description

B-2, General Business Districts are intended to provide for a variety of commercial and service uses, including more intensive commercial uses not permitted in the O-1, CBD and B-1 Districts.

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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