Freestanding Industrial Manufacturing
29585 Costello Dr New Hudson, MI 48165
29585 Costello Dr, New Hudson, MI, 48165
$2,875,000
For Sale
$2,875,000
Freestanding industrial building with 200 amp power, 16' ceiling height, and a drive-in door measuring 12' x 14'.
Property Size26,842 SF
Price / SF$107.11
Days on Market645
Property Features for 29585 Costello Dr
General Information
- Standard status
- Active
- Size
- 26,842 SF
- Property subtype
- Industrial
Listing agency
Thomas A. Duke Company
(248) 476-3700
Listed by
Mark W. Szerlag · License #6502342846
(248) 476-3700
Source
Cpix.resimplifi
Added: Oct 15, 2024 Updated: Jul 21 at 4:51AM Checked: Jul 21 at 4:51AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This freestanding industrial/manufacturing building is well-suited for light industrial operations, with 200 amp power service and a 16' ceiling height. The facility includes a drive-in door with dimensions of 12' x 14', supporting straightforward loading and movement of equipment and materials.
The property is located on the west side of Costello Drive, south off of Grand River and east of Milford Road in Lyon Township. It presents a standalone configuration designed for dedicated use within the immediate site.
With its drive-in access and functional clear height, the building offers practical support for manufacturing or industrial distribution uses that benefit from direct loading.
The property is located on the west side of Costello Drive, south off of Grand River and east of Milford Road in Lyon Township. It presents a standalone configuration designed for dedicated use within the immediate site.
With its drive-in access and functional clear height, the building offers practical support for manufacturing or industrial distribution uses that benefit from direct loading.
Key Highlights
- Free‑standing industrial/manufacturing building in Lyon Township, MI
- Drive‑in door measures 12' x 14' with drive‑in access
- Ceiling height of 16' for industrial clear height
Local Financial Insights For Industrial
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 | $197.3k | $7.35 |
| − Vacancy | −$7.3k | −$0.27 |
| EGI | $190.0k | $7.08 |
| − OpEx | −$57.0k | −$2.12 |
| NOI | $133.0k | $4.95 |
26,842 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.90M
$1.66M – $2.22M
NOI $132,992 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.79M
$5.07M – $6.75M
NOI $405,271 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Driven Fabrication
Metal Fabrication Plant
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Freestanding industrial building with 200 amp power, 16' ceiling height, and a drive-in door measuring 12' x 14'.
Where is this manufacturing property located?
The property is located at 29585 Costello Dr New Hudson, MI.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Free‑standing industrial/manufacturing building in Lyon Township, MI; Drive‑in door measures 12' x 14' with drive‑in access; Ceiling height of 16' for industrial clear height
