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    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
    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