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555 Grove St Wyandotte, MI 48192

Sponsored
For Sale
$1,058,500

14,500 SF Warehouse, 100% Occupied

Property size:
14,500 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 14,500-square-foot warehouse, located at 555 Grove Street in Wyandotte, Michigan, presents a compelling investment opportunity. Built in 1989, this single-story industrial property sits on a 3.96-acre lot and boasts a desirable 18-foot clear ceiling height. The building features four 12' x 14' grade-level loading doors and one additional exterior loading dock, ensuring efficient loading and unloading operations. Currently 100% occupied by a tenant under a triple-net (NNN) lease with annual rent increases of 2.5% until January 1, 2028, providing immediate cash flow. An early termination clause is available for a user buyer. The property includes 16 parking spaces and is zoned for industrial use. The Wayne County location, with a 48192 zip code, offers excellent access to major transportation routes. This property is also available for purchase individually or in conjunction with 580 Hillsdale Street and/or 550 Hillsdale Street. The asking price is $1,058,500, translating to $73 per square foot. The property's APN is 57-023-02-0029-300. This is a rare opportunity to acquire a well-maintained, high-demand industrial property in a thriving Michigan location.

Property Features for 555 Grove St

General Information

Property type
Distribution properties
Square Feet
14,500 SF
Lot Size
172,498 SF

Building Details

Year Built
1989
Buildings
1
Stories
1

Property Profile Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Wyandotte
County
Wayne
State
Michigan
Longitude
-83.1566852
Latitude
42.1923642

FAQs

What type of property is this?
Distribution property - 14,500 SF Warehouse, 100% Occupied
Where is this distribution property located?
The property is located at 555 Grove St Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,058,500.
More about this property
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