For Sale
$2,350,000

56495 Grand River Ave New Hudson, MI 48165

19,800 SF Flex Space, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 19,800-square-foot flex space industrial property in New Hudson, Michigan, presents a compelling investment opportunity. Located at 56495 Grand River Ave, Lyon Charter Township, Oakland County, MI 48165, this single-story, Class C building boasts a 16-foot ceiling height and ample parking (10 spaces per 1,000 sq ft). Built in 1948 and renovated in 1992, the property sits on a substantial 139,828-square-foot lot zoned for Edge District use, reflecting the area's dynamic redevelopment. The property currently generates a pro-forma NOI of $206,000. A significant portion (9,360 sq ft) is leased to a well-established distillery under a negotiable 10-year NNN lease. An additional 6,480 square feet is occupied by a pool company. Approximately 3,960 square feet remains available, with the owner willing to provide a one-year placeholder lease to assist a buyer in securing a long-term tenant. The property's versatile layout includes two fully equipped commercial kitchens, a spacious office area, and a large warehouse with convenient drive-in bays. New Hudson's robust growth, with over 600 new homes and 1,000 new jobs annually, makes this a prime investment in a thriving Southeast Michigan market. The asking price is $2,350,000.

Highlights

  • Investment opportunity in rapidly growing New Hudson, MI.
  • Rezoned for mixed-use development, attracting new businesses and residents.
  • 9,360 SF NNN lease with a well-known distillery (10-year term, negotiable).
  • 6,480 SF occupied by a pool company.
  • Approximately 3,960 SF available; landlord offering a 1-year placeholder lease to assist buyer with tenant placement.
  • Features two commercial kitchens, large office, and substantial warehouse with drive-in bays.

Property Details for 56495 Grand River Ave

Property type
Industrial properties, Flex space
Square Feet
19,800 SF
Class
C
Year Built/Renovated
1948/1992
Stories
1

Location Insight

City
New Hudson
County
Oakland
State
Michigan
Latitude
42.509293
Longitude
-83.611116

FAQs

What type of property is this?
Industrial property - 19,800 SF Flex Space, High Growth Area
Where is the industrial property located?
The property is located at 56495 Grand River Ave New Hudson, MI.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Investment opportunity in rapidly growing New Hudson, MI.; Rezoned for mixed-use development, attracting new businesses and residents.; 9,360 SF NNN lease with a well-known distillery (10-year term, negotiable).
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.
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56495 Grand River Ave
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