56495 Grand River, Lyons, MI 48165
Impeccably maintained 20,000 SF mixed-use building with residential component.
- Added:
- Jul 4, 2016
- Days on Market:
- 3655
- Last Refresh:
- May 13 at 8:10 pm
Property Features for 56495 Grand River
General Information
- Standard status
- Active
- Size
- 15,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1919
Listing office CRS Commercial R E Serv (734) 416-1500
Listing date Jul 4, 2016
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CRS Commercial R E Serv
HighLights
- 20,000 sq ft building with residential component including bedrooms, bathrooms, two commercial kitchens, and a commercial dining room.
- Zoning permits office, flex, residential, or industrial use.
- Rare outside storage offering.
- Impeccably maintained warehouse.
- Unique creative workspace suitable for a company.
- Located in up and coming New Hudson area, part of downtown development.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $271.8k | $17.88 |
| − Vacancy | −$53.8k | −$3.54 |
| EGI | $218.0k | $14.34 |
| − OpEx | −$54.5k | −$3.58 |
| NOI | $163.5k | $10.75 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lyons
- County
- Ionia
- State
- Michigan
- Longitude
- -83.6145
- Latitude
- 42.5004
