New Hudson Investment
For Sale
$1,975,000
56495 Grand River, New Hudson, MI 48165
Investment property with long-term lease potential in growing New Hudson.
Property Size20,086 SF
Price / SF$99.75
Days on Market218
Property Features for 56495 Grand River
General Information
Standard status
Active
Size
20,086 SF
Property subtype
Industrial
Building Details
Building Size
20,086 SF
Year Built
1948
Listing Agency:
Thomas A. Duke Company
Listed By:
Eric Szerlag · License #6501343471
(248) 476-3494
Source:
Thomasduke
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 28 at 6:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This investment property is located in downtown New Hudson, an area rezoned to support future mixed-use projects aimed at expanding the downtown area. The community is experiencing growth, with over 600 new homes and 1,000 jobs added annually through its expanding corporate industrial base, making it one of the top growth communities in Southeast Michigan. The sale includes a lease agreement with a distillery, willing to sign a 10-year NNN lease for 9,360 square feet; the final terms of this lease are negotiable between the buyer and tenant. Additionally, a pool company occupies 6,480 square feet. The landlord is open to signing a placeholder lease at market rents for a one-year term, allowing the buyer to backfill the remaining approximately 3,960 square feet with a permanent tenant at market rent. The 19,800-square-foot building offers many potential uses and is fully equipped with two commercial kitchens, a large office area, and a large warehouse space with truck bays. This property is located on Grand River, east of Milford Road.
Key Highlights
- Long‑term lease opportunity with a well‑known distillery (10 years, 9,360 sf NNN), providing immediate rental income.
- Located in a rapidly growing community with significant new home construction (600+ annually) and job creation (1000+ annually).
- Rezoned area in downtown New Hudson, supporting future mixed‑use development and new business growth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,102
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,040
$2.0M
Cap Rate 7%
$1,401,457
$1.4M
Cap Rate 9%
$1,090,022
$1.1M
Market Conditions
NOI Build-Up for 19,800 SF
Gross rent
$145.5K $7.35/SF
− Vacancy
−$5.4K −$0.27/SF
EGI
$140.1K $7.08/SF
− OpEx
−$42.0K −$2.12/SF
NOI
$98.1K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,040
Cap Rate 7%
$1,401,457
Cap Rate 9%
$1,090,022
Alternative Uses
Best Use
Flex RnD
$2.93M
$2.56M – $3.41M
NOI $204,787 @ 7.0% cap · market cap 10.37%
Second Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,102 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$4.27M
$3.74M – $4.98M
NOI $298,948 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Investment property with long-term lease potential in growing New Hudson.
Where is this flex space located?
The property is located at 56495 Grand River New Hudson, MI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Long‑term lease opportunity with a well‑known distillery (10 years, 9,360 sf NNN), providing immediate rental income.; Located in a rapidly growing community with significant new home construction (600+ annually) and job creation (1000+ annually).; Rezoned area in downtown New Hudson, supporting future mixed‑use development and new business growth.
