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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

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    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.
    Request Owner's contact information
    555 Grove St Wyandotte, MI 48192
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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
    555 Grove St Wyandotte, MI 48192
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