Freestanding Industrial
For Sale
$2,750,000
55960 Grand River Ave, New Hudson, MI 48165
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 Market745
Property Features for 55960 Grand River Ave
General Information
Standard status
Active
Size
25,696 SF
Property subtype
Industrial
Zoning
I-1
Building Details
Building Size
25,696 SF
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Thomas A. Duke Company
Listed By:
Mark W. Szerlag · License #6502342846
(248) 476-3700
Source:
Cpix.resimplifi
Added: Oct 15, 2024
Changed: Oct 25
Last Checked: Oct 28 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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,596
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,091,920
$3.1M
Cap Rate 7%
$2,208,514
$2.2M
Cap Rate 9%
$1,717,733
$1.7M
Market Conditions
NOI Build-Up for 25,696 SF
Gross rent
$188.9K $7.35/SF
− Vacancy
−$7.0K −$0.27/SF
EGI
$181.9K $7.08/SF
− OpEx
−$27.3K −$1.06/SF
NOI
$154.6K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,091,920
Cap Rate 7%
$2,208,514
Cap Rate 9%
$1,717,733
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 48165, MI
8,832
Population
3,587
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
95%
High-School Grad
9.9 sq mi
ZIP Area
892
Density / Sq Mi
$105,511
Median Household Income
$59,609
Median Earnings
$1,583
Median Rent
$352,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
