For Sale
$2,750,000

55960 Grand River Ave New Hudson, MI 48165

Industrial Warehouse, 25,696 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional freestanding industrial warehouse, located at 55960 Grand River Ave in New Hudson, Michigan, presents a compelling investment opportunity. Boasting 25,696 square feet of space, this two-story building sits on a 2.52-acre lot and offers significant potential for various industrial uses. Built in 1970 and extensively renovated in 2018, the property features three exterior loading docks, including two drive-in doors, each measuring 10' x 10'. The warehouse benefits from a generous 18' clear height, providing ample storage and operational space. Electrical service includes 208a/600v power. The property is zoned I-1 Light Industrial and includes 30 parking spaces. The building enjoys excellent visibility and frontage on Grand River Avenue. The Net Operating Income (NOI) is a strong $237,733.90, representing a compelling return on investment. The property's parcel number is 21-03-426-002. This well-maintained and strategically located warehouse is ready for immediate occupancy and offers a rare opportunity to acquire a high-quality industrial asset in a desirable location. The asking price is $2,750,000, with a price per square foot of $107.02. The new roof installed in 2018 adds to the property's value and reduces future maintenance costs.

Highlights

  • Free-standing industrial warehouse building.
  • Five loading docks (three exterior docks and two drive-in doors), 10' x 10' doors, 18' clear height.
  • 208/600-volt power.
  • Grand River Avenue frontage.
  • New roof installed in 2018.

Property Details for 55960 Grand River Ave

Property type
Warehouses, Industrial properties
Square Feet
25,696 SF
Year Built/Renovated
1970/2018
Stories
2
Lot Size (sq. ft)
109,771 SF

Location Insight

City
New Hudson
County
Oakland
State
Michigan
Latitude
42.510219
Longitude
-83.6051157

FAQs

What type of property is this?
Warehouse - Industrial Warehouse, 25,696 SF, High NOI
Where is the warehouse located?
The property is located at 55960 Grand River Ave New Hudson, MI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Free-standing industrial warehouse building.; Five loading docks (three exterior docks and two drive-in doors), 10' x 10' doors, 18' clear height.; 208/600-volt power.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
55960 Grand River Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message