58500 North Ave Ray, MI 48096
- Warehouses
- 20,000 SF
- 43.50 lot acres
Current Use by Public Records
- Warehouses
Property Details for 58500 North Ave
- Year built
- 2025
- Lot size
- 43.50 lot acres
- Property size
- 20,000 SF
- Property type
- Warehouses
- Property subtype
- Refrigerated & Cold Storages
Description
This exceptional 43.5-acre parcel in Ray, Michigan (48096), presents a prime redevelopment opportunity. Currently vacant, this Class A industrial property boasts 20,000 square feet of buildable space, zoned for industrial use, and includes approved plans for a self-storage/RV outdoor storage/truck depot facility. The property features four single-story buildings planned, with a total of 100 units, and an 8.5-foot ceiling height. All necessary approvals are in place, including zoning, architectural design plans, surveys, and environmental reports. Construction is slated to begin in July 2024. The asking price is $1,250,000, or $62.50 per square foot, and $12,500 per unit. This turnkey project offers a significant return on investment in a high-demand area. The property's location at 58500 North Ave, Ray, MI, provides excellent accessibility and visibility. This is a rare chance to acquire a fully permitted development-ready site, eliminating the lengthy and often costly permitting process. Begin construction immediately and capitalize on the burgeoning demand for storage solutions in Macomb County. The property's APN is 0536100024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ray
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8741
- Latitude
- 42.7289
