56270 Grand River AveNew Hudson, MI 48165

Property Details for 56270 Grand River Ave

Year built

1977

Lot size

4.92 AC

Property size (Sq ft)

18,548 SF

Zone code

BI

Property type

Super regional malls

APN

K -21-03-327-023

APU

K2103327023

Description

New Hudson Plaza, located at 56270 Grand River Ave in Lyon Charter Township, Michigan, presents a compelling opportunity for retail businesses seeking space in a well-established center. This single-story, Class C strip center totals 18,500 square feet and offers multiple tenancy options. Currently, 6,600 square feet of retail space is available, divisible into units ranging from a minimum of 2,000 square feet to a maximum contiguous space of 4,600 square feet. Built in 1977, the property boasts ample parking with 125 spaces available for customers and employees. The property is zoned for Retail Service Office use, providing flexibility for a variety of businesses. Its convenient location in Oakland County, with the address 56270 Grand River Ave, and zip code 48165, ensures high visibility and accessibility. The property's APN is 21-03-327-023. This presents a unique chance to establish or expand your retail presence in a thriving Michigan community. The available space is ideal for businesses seeking a flexible and well-located retail environment. Contact us today to learn more about leasing opportunities at New Hudson Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $4,667,535

  6.5%

  $4,308,494

  7%

  $4,000,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,372,150

  Geo Method

  $4,372,150

• Alternative Use

  Use

  Valuation

  Residential

  $3,634,376

  Hospitality

  $3,329,069

  Educational

  $2,769,746

  Medical

  $2,865,002

  Retail

  $4,308,494

Location Insight

City

New Hudson

County

Oakland

State

Michigan

Latitude

42.5113

Longitude

-83.6082

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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