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    56200 Grand River Ave New Hudson, MI 48165

    Sponsored
    For Sale
    $2,500,000

    7 Acres, Multi-Family Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7-acre commercial land assemblage presents a rare investment opportunity in Western Oakland County, Michigan. Located at the highly visible hard corner of Grand River and Lyon Center Drive, this property boasts a prime location within New Hudson's major commercial development district. The permitted zoning, New Hudson Edge, allows for multi-family development, making it ideal for a variety of projects. The parcel consists of several contiguous lots, with APN numbers 21-03-327-007, 008, 009

    Property Features for 56200 Grand River Ave

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • High‑visibility corner lot at Grand River & Lyon Center Drive.
    • Large, rare assemblage in Western Oakland County, zoned for multi‑family development.
    • Situated in New Hudson's prime commercial district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roundabout Resale Second Hand Store Amelia Mae Boutique Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6074447
    Latitude
    42.5101828

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    FAQs

    What type of property is this?
    Land - 7 Acres, Multi-Family Zoning, Prime Location
    Where is this land located?
    The property is located at 56200 Grand River Ave New Hudson, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Grand River & Lyon Center Drive.; Large, rare assemblage in Western Oakland County, zoned for multi-family development.; Situated in New Hudson's prime commercial district.
    (248) 476-3700
    Request Owner's contact information
    56200 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
    56200 Grand River Ave New Hudson, MI 48165
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