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114-116 N State St Howell 114-116 N State St 3,800 SF 100% Leased Retail Building Howell, MI 48843 $1,200,000 ($315.79/SF) 5.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Beautifully Renovated Retail/Residential Buildings with hidden historical elements waiting to be brought back to light
- Fully Leased with all Tenants expressing interest in remaining
- Ideally located minutes from I-96, walking distance to all downtown Howell Amenities, and located immediately West of Livingston County Courthouse
- Located in historical Howell's famous "Alley District"
- Potential future Owner-User Opportunity
- Frontage on N State St which serves as the festival street for downtown Howell that hosts events year-round, including a Farmers Market
EXECUTIVE SUMMARY
Rare investment or work/live or owner-user building right in the heart of downtown Howell's famous Alley District. Located just minutes away from I-96 and walking distance from the best eateries, shopping, and amenities Howell has to offer. Fully renovated interior with immediate value add opportunities for restoring hidden historical elements on exterior. North State St also serves as the City of Howell's Festival Street, with events held year round, including a farmers market that operates 6 months out of the year.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,800 SF
Year Built/Renovated
1880/2024
Price
$1,200,000
Price Per SF
$315.79
Cap Rate
5.49%
NOI
$65,831
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.18
Lot Size
0.04 AC
Zoning
CBD - Central Business District
AMENITIES
- Controlled Access
- Restaurant
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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114-116 N State St Howell | 114-116 N State St
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