114-116 N State St Howell

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114-116 N State St Howell

Howell, MI 48843
Asking Price
$1.20M
Asset Type
Retail
Class
Class B

What's Special

114-116 N State St is located in the heart of downtown Howell, Michigan, a district characterized by historic architecture and active pedestrian traffic. The property is situated just off Grand River Avenue, the city’s primary thoroughfare, offering proximity to the Howell Carnegie District Library and various local government offices. The surrounding neighborhood features a mix of independent boutiques, established restaurants, and service-oriented businesses. Transportation access is supported by nearby surface parking lots and street parking, with easy connectivity to I-96, providing a link to the larger Lansing and Detroit metropolitan areas. The building’s layout and central location make it suitable for a variety of retail applications, including specialty showrooms, apparel boutiques, or high-visibility service counters. The typical tenant profile includes local small business owners or regional retailers seeking a presence within a walkable, community-focused shopping corridor. Given the high foot traffic during seasonal downtown events and the steady daytime population from nearby offices, the site is well-positioned for businesses that rely on consistent local engagement and storefront visibility.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

Location & Travel Times