Freestanding Industrial
55960 Grand River Ave New Hudson, MI 48165
55960 Grand River Ave, New Hudson, MI, 48165
$2,750,000
For Sale
$2,750,000
Freestanding industrial warehouse with exterior docks and drive-in doors on Grand River, plus a roof replacement in 2018.
Property Size25,696 SF
Price / SF$107.02
Days on Market646
Property Features for 55960 Grand River Ave
General Information
- Standard status
- Active
- Size
- 25,696 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
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 22 at 3:17AM Checked: Jul 22 at 3:17AM
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 warehouse offers 3 exterior docks and 2 drive-in doors, providing practical loading flexibility for incoming and outgoing shipments. The building is described with approximately 18' clear height and includes power listed as 208A/600V. A new roof was installed in 2018.
The property is located on the north side of Grand River, east of Milford Road, with frontage on Grand River.
As presented, the asset is a warehouse facility configured around multiple loading points and adequate clear height for distribution or light industrial uses requiring overhead clearance.
The property is located on the north side of Grand River, east of Milford Road, with frontage on Grand River.
As presented, the asset is a warehouse facility configured around multiple loading points and adequate clear height for distribution or light industrial uses requiring overhead clearance.
Key Highlights
- Freestanding industrial warehouse building (built 1970) with exterior docks and drive‑in doors on Grand River
- 3 exterior docks and 2 drive‑in doors
- 10' x 10' dock doors; 18' clear height
Local Financial Insights For Warehouse
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 | $188.9k | $7.35 |
| − Vacancy | −$7.0k | −$0.27 |
| EGI | $181.9k | $7.08 |
| − OpEx | −$27.3k | −$1.06 |
| NOI | $154.6k | $6.02 |
25,696 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.21M
$1.93M – $2.58M
NOI $154,596 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.54M
$4.85M – $6.47M
NOI $387,968 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PC Server & Parts
Electronics & Wireless Store
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Freestanding industrial warehouse with exterior docks and drive-in doors on Grand River, plus a roof replacement in 2018.
Where is this warehouse located?
The property is located at 55960 Grand River Ave New Hudson, MI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Freestanding industrial warehouse building (built 1970) with exterior docks and drive‑in doors on Grand River; 3 exterior docks and 2 drive‑in doors; 10' x 10' dock doors; 18' clear height
