For Sale
$1,058,500

555 Grove St Wyandotte, MI 48192

14,500 SF Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 14,500-square-foot warehouse, located at 555 Grove Street in Wyandotte, Michigan, presents a compelling investment opportunity. Built in 1989, this single-story industrial property sits on a 3.96-acre lot and boasts a desirable 18-foot clear ceiling height. The building features four 12' x 14' grade-level loading doors and one additional exterior loading dock, ensuring efficient loading and unloading operations. Currently 100% occupied by a tenant under a triple-net (NNN) lease with annual rent increases of 2.5% until January 1, 2028, providing immediate cash flow. An early termination clause is available for a user buyer. The property includes 16 parking spaces and is zoned for industrial use. The Wayne County location, with a 48192 zip code, offers excellent access to major transportation routes. This property is also available for purchase individually or in conjunction with 580 Hillsdale Street and/or 550 Hillsdale Street. The asking price is $1,058,500, translating to $73 per square foot. The property's APN is 57-023-02-0029-300. This is a rare opportunity to acquire a well-maintained, high-demand industrial property in a thriving Michigan location.

Property Details for 555 Grove St

Property type
Warehouses, Industrial properties
Square Feet
14,500 SF
Year Built
1989
Buildings
1
Stories
1
Lot Size (sq. ft)
172,498 SF

Location Insight

City
Wyandotte
County
Wayne
State
Michigan
Latitude
42.1923642
Longitude
-83.1566852

FAQs

What type of property is this?
Warehouse - 14,500 SF Warehouse, 100% Occupied
Where is the warehouse located?
The property is located at 555 Grove St Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,058,500.
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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555 Grove St
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