55960 Grand River AveNew Hudson, MI 48165

Property Details for 55960 Grand River Ave

Year built

1970

Lot size

2.52 AC

Property size (Sq ft)

25,697 SF

Zone code

II

Property type

Warehouses

APN

K -21-03-426-002

APU

K2103426002

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $5,035,182

  Hospitality

  $4,612,200

  Educational

  $3,837,296

  Medical

  $3,969,266

  Retail

  $5,969,127

Location Insight

City

New Hudson

County

Oakland

State

Michigan

Latitude

42.5102

Longitude

-83.6051

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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