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    56875 Grand River Ave New Hudson, MI 48165

    Sponsored
    For Sale
    $550,000

    1,972 SF Freestanding Retail Building in New Hudson, MI

    Property size:
    1,972 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding retail building, located at 56875 Grand River in New Hudson, Michigan, presents a compelling investment opportunity. Boasting 1,972 square feet of space, this single-story structure sits on a 0.21-acre lot and offers ample parking with 15 spaces. Built in 1925, the building is classified as Class C and is currently priced at $550,000, translating to $278.90 per square foot. The property benefits from a highly desirable location on Grand River, providing excellent visibility and accessibility. Its B-2 Community Business District zoning allows for a diverse range of uses, including retail, general office, or medical spaces, offering considerable flexibility for future tenants or owners. Situated in Oakland County, within a rapidly expanding Michigan community, this property presents a strong potential for both immediate income generation and long-term appreciation. The property's parcel number is 21-03-303-014 and its zip code is 48165. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market. Don't miss out on this chance to secure a valuable asset in a high-growth area.

    Property Features for 56875 Grand River Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,972 SF
    Class
    C
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1925
    Stories
    1

    HighLights

    • Freestanding retail building with Grand River frontage.
    • Located in a high‑growth Michigan community.
    • Versatile zoning allows retail, general office, or medical uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Miner's Barber Shop Barber Shop Sullivan Law Office Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6151207
    Latitude
    42.5112676

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    FAQs

    What type of property is this?
    Retail property - 1,972 SF Freestanding Retail Building in New Hudson, MI
    Where is this retail property located?
    The property is located at 56875 Grand River Ave New Hudson, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Freestanding retail building with Grand River frontage.; Located in a high-growth Michigan community.; Versatile zoning allows retail, general office, or medical uses.
    (248) 476-3700
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    56875 Grand River Ave New Hudson, MI 48165
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    New Hudson, MI 48165
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56875 Grand River Ave New Hudson, MI 48165
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