51 Chilson Road

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51 Chilson Road

Howell, MI 48843
Asking Price
$645K
Asset Type
Office
Class
Class B

What's Special

51 Chilson Road is located in Howell, Michigan, situated just south of the Grand River Avenue commercial corridor. The neighborhood is characterized by a mix of professional services, residential pockets, and local retail centers. The property offers proximity to downtown Howell’s amenities, including various dining and banking options. Access to the regional transportation network is provided via nearby interchanges for I-96 and M-59, facilitating connections to the Lansing, Ann Arbor, and Detroit metropolitan areas. The property is suited for general administrative use, professional services, or medical office satellite locations. Its layout and suburban setting cater well to small to mid-sized businesses seeking a central Livingston County presence. Typical tenants for this asset type include legal practices, insurance agencies, accounting firms, and healthcare providers requiring accessible office space for local clientele. The site provides on-site parking and visibility within a established business community.

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NOI
$80,000
Cap Rate
12.40%
DSCR
2.09
Strong
Cash-on-Cash
21.55%
Monthly Payment
$3,191.108
Annual Cash Flow
$41,706.703

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