56200 Grand River AveNew Hudson, MI 48165
- Retail space
- 3,164 SF
For Sale
$2,500,000
View listing
Property Details for 56200 Grand River Ave
- Year built
- 1950
- Lot size
- 0.26 AC
- Property size (Sq ft)
- 3,164 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- K -21-03-327-009
- APU
- K2103327009
Description
This exceptional 7-acre commercial land assemblage presents a rare investment opportunity in Western Oakland County, Michigan. Located at the highly visible hard corner of Grand River and Lyon Center Drive, this property boasts a prime location within New Hudson's major commercial development district. The permitted zoning, New Hudson Edge, allows for multi-family development, making it ideal for a variety of projects. The parcel consists of several contiguous lots, with APN numbers 21-03-327-007, 008, 009
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $796,209
- 6.5%
- $734,962
- 7%
- $682,465
-
Comparable approach
- Method
- Valuation
- Relative Method
- $745,821
- Geo Method
- $745,821
-
Alternative Use
- Use
- Valuation
- Residential
- $619,968
- Hospitality
- $567,887
- Educational
- $472,476
- Medical
- $488,725
- Retail
- $734,962
56200 Grand River Ave, New Hudson, Michigan
Location Insight
- City
- New Hudson
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5102
- Longitude
- -83.6074
- 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
$3,802
-
-
$102,890
-
-
-
$205,780
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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