NWC of I-96 and Michigan Ave

Vacant Land for Sale
Catylist Listing ID: 28824834
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 13.85 Acres
Sale Price: $4,000,000
Unit Price: $288,808 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

Prime Highway Interchange land for sale with impressive frontage on I-96. Great location for a company headquarters or any retailer desiring extreme exposure to over 60,000 Vehicles per day on I-96. Adjacent to the on/off ramps to westbound I-96 traffic. The property consists of 13.85 acres with potential for up to 18.78 acres. This site features over 1,774 feet of frontage on I-96. Land contract terms available. Splits available(Contact broker for details). Land lease and build to suit options also available.

Development Incentive: The city of Howell has created a Commercial Rehabilitation District which creates an incentive for commercial properties to be improved by exempting a portion of the property taxes (excluding land and personal property) for up to 10 years. Applications for exemption certificate must be submitted by December 31, 2020. This property qualifies for that exemption. For further information please contact Broker!

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Livingston
Submarket/Township: Howell/Brighton Area
Tax ID/APN: 4717-02-200-005
Zoning: FORM BASED ZONING - TYPE D, LARGE COMMERCIAL/MIXED
Property Visibility: Excellent
Largest Nearby Street: I-96
Feet of Frontage: 1,774
Traffic/Vehicle Count: 62,000
Area Description: Located at 125 Holiday Lane, Howell, MI.(Exit 137 off I-96). The property is located at the Northwest corner of I-96 and S. Michigan Ave. The gateway to Downtown Howell. Extremely visible to I-96 motorist.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,407 20,487 43,450
Median Age: 34.02 36.67 39.53
Households: 1,633 8,086 16,679
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