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131 E Grand River Ave 1,262 SF Retail Building Fowlerville, MI 48836 $1,450,000 ($1,148.97/SF) 8.42% Cap Rate
Investment Highlights
- 8.42% Cap Rate — $122,049 net income on $1,450,000 asking price with $1,144,916 in FY 2025 revenue and diversified income streams.
- Prime Downtown Location — 1,262 SF with 48' of Grand River Ave frontage in the heart of Fowlerville's main retail corridor.
- ,Rare Class C Michigan Liquor License — One of the most valuable and difficult-to-obtain retail licenses in Michigan, providing significant barrier to
Executive Summary
131 E Grand River Ave — Fowlerville, MI
Asking $1,450,000 — 8.42% cap rate on $122K net income
$1.14M in FY 2025 revenue, up 34% year-over-year
Class C liquor license included — rare and hard to replace
Single tenant, 1,262 SF, 48' frontage on Grand River Ave
~$300K inventory included in sale at additional cost
Built 1932, established 90+ year community presence
Downtown Fowlerville — Livingston County's growing retail corridor
Asking $1,450,000 — 8.42% cap rate on $122K net income
$1.14M in FY 2025 revenue, up 34% year-over-year
Class C liquor license included — rare and hard to replace
Single tenant, 1,262 SF, 48' frontage on Grand River Ave
~$300K inventory included in sale at additional cost
Built 1932, established 90+ year community presence
Downtown Fowlerville — Livingston County's growing retail corridor
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,262 SF
Building Class
C
Year Built
1932
Price
$1,450,000
Price Per SF
$1,148.97
Cap Rate
8.42%
NOI
$122,049
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
4 Spaces (3.17 Spaces per 1,000 SF Leased)
Frontage
48’ on Grand River Ave
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-11-303-039 | Total Assessment | $175,998 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
05-11-303-039
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$175,998
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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131 E Grand River Ave
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