For Sale
$1,250,000

58500 North AveRay, MI 48096

43.5-acre industrial land, ready to build.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 43.5-acre parcel in Ray, Michigan (48096), presents a prime redevelopment opportunity. Currently vacant, this Class A industrial property boasts 20,000 square feet of buildable space, zoned for industrial use, and includes approved plans for a self-storage/RV outdoor storage/truck depot facility. The property features four single-story buildings planned, with a total of 100 units, and an 8.5-foot ceiling height. All necessary approvals are in place, including zoning, architectural design plans, surveys, and environmental reports. Construction is slated to begin in July 2024. The asking price is $1,250,000, or $62.50 per square foot, and $12,500 per unit. This turnkey project offers a significant return on investment in a high-demand area. The property's location at 58500 North Ave, Ray, MI, provides excellent accessibility and visibility. This is a rare chance to acquire a fully permitted development-ready site, eliminating the lengthy and often costly permitting process. Begin construction immediately and capitalize on the burgeoning demand for storage solutions in Macomb County. The property's APN is 0536100024.

Highlights

  • $1,250,000 asking price for a 20,000 square foot industrial property in Ray, Michigan.
  • The property consists of four, one-story buildings on a 43.5-acre lot, totaling 100 units.
  • Zoned for industrial use, the property is currently vacant, with an occupancy date of July 19, 2024.
  • Features include an 8.5-foot ceiling height and approved plans for a self-storage/RV/truck depot development.
  • The property is a Class A redevelopment opportunity with all necessary approvals and plans in place, ready for immediate construction.

Property Details for 58500 North Ave

Property type
Warehouses, Refrigeration & cold storage
Square Feet
20,000 SF
Class
A
Year Built
2025
Buildings
4
Stories
1
Lot Size (sq. ft)
1,894,860 SF
Units
100

Location Insight

City
Ray
County
Macomb
State
Michigan
Latitude
42.7288575
Longitude
-82.8740694
58500 North Ave, Ray, Michigan

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58500 North Ave
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