550 Hillsdale StWyandotte, MI 48192

  • Industrial land
  • 0.54 AC
For Sale
$1,404,000 View listing

Property Details for 550 Hillsdale St

Lot size
0.54 AC
Property type
Industrial land
APN
57 023 02 0023 301
APU
57023020023301

Description

This exceptional 18,000-square-foot industrial warehouse, located at 550 Hillsdale St, Wyandotte, MI 48192, presents a compelling investment opportunity. Built in 1991, this single-story building sits on a 0.56-acre lot and features a sloped roof with impressive clear heights ranging from 21 to 28 feet. The property boasts substantial power (1200 Amps, 480 Volts, 3-Phase) and a robust crane system including three 10-ton, one 6-ton, and one 3.5-ton crane. Access is provided by five 12'x14' and 12'x12' grade-level doors, and one loading dock. Ample parking is available on-site (16 spaces), with the potential for additional parking on vacated Albion Street. The building also includes approximately 950 square feet of office space and a small yard for extra storage. This property is zoned for industrial use and is offered at $1,404,000 ($78 per square foot). It can be purchased individually or as part of a larger campus, including 580 Hillsdale Street and/or 555 Grove Street. This high-bay, craned facility is ideal for a variety of industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,843,561
    Hospitality
    $4,436,676
    Educational
    $3,691,262
    Medical
    $3,818,210
    Retail
    $5,741,964

Location Insight

City
Wyandotte
County
Wayne
State
Michigan
Latitude
42.1918
Longitude
-83.1564
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,183
-
-
$21,000
-
-
-
$42,000

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