Commercial Real Estate Services

www.friedmanrealestate.com 248.324.2000

    Property Search

    Choose from the following options to narrow your search results:


    For Sale or Lease

    Middletown Market Plaza

    5580 E Grand River Avenue
    Howell, Michigan 48843

    Available Spaces

    • +
    • Suite Middletown Market Plaza
    • 8,115 SF
    • Available Immediately
    Annual Rental Rate: 9 PSF

    Share Listing

    E-mail this listing
    Sender's Name
    Sender's Name is missing or invalid.
    Sender's Email
    Sender's Email Address is missing or invalid.
    Recipient's Name
    Recipient's Name is missing or invalid.
    Recipient's Email
    Recipient's Email is missing or invalid.
    Comment
    Email has been sent.
    An error occured while sending an email. Please try again.

    Share this listing

    Request a Call

    Your Name
    Your Phone Number
    Your Email

    Your Message
    Thank you. A representative from Friedman will be contacting you shortly.
    An error occured while processing your request. Please try again.
    Success

    Thank you. A broker will be in touch shortly.

    For Sale or Lease

    Middletown Market Plaza

    5580 E Grand River Avenue
    Howell, Michigan 48843

    - Property Information

    eCODE 469
    County: Livingston
    Property Type: Retail
    Total Building SF: ± 9,315 SF
    Available Building SF: ± 8,115 SF
    Occupancy Rate: 13%
    Rental Rate (annually): $9.00 PSF NNN
    Sale Price: $1,300,000
    Sale Price Per SF: $139.56

    - Property Details

    Occupancy Type: Multi Tenant
    Year Built: 1969
    # Acres: 2.22
    Zoning: NSD
    Parcel ID: 11-10-401-013
    Parking Type: Surface
    # Spaces: 50

    - Additional Information

    • 9,315 SF retail property for sale which includes the following:
      • 8,200 SF full service grocery store (including liquor)
      • 1,200 SF tenant w/ approx. 3 years of term remaining
    • Strong performing grocery store w/approx. $1.2M of sales
      with an absentee operator. The store is operating with
      approx. 28% gross margin.
    • The owner of the real estate is the operator of the market
      and is seeking to sell both real estate and business. Although they would consider leasing the market to a new operator.
    • 2.22 acres; excellent opportunity for re-development
    • Excess land available for expansion
    • Centrally located on E Grand River between the fast growing cities of Howell and Brighton, across from Lake Chemung. Minutes from the I-96 on/off ramp at Exit 141
    • Strong traffic counts and demographics
    • Lease Rate: $9.00 NNN for the existing market space
    • Asking Price: $300,000 for business only
    • Asking Price: $1,300,000 for business and real estate together
    • Would consider a land contract

     

    - For more information, contact:

    Steven Silverman

    Alan Stern

    248.324.2000 Request a call
    Suite Number Size Rental Rate Availability
    Middletown Market Plaza 8,115 SF $9 PSF Immediate