555 Grove St Wyandotte, MI 48192
- Industrial properties
- 0.68 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 555 Grove St
- Lot size
- 0.68 lot acres
- Property type
- Industrial properties
- APN
- 57 023 02 0029 300
- APU
- 57023020029300
Description
This exceptional industrial property in Wyandotte, Michigan, offers a unique investment opportunity. Comprising three buildings totaling 79,750 square feet on a 4.76-acre lot, this campus presents versatile options for owner-occupancy or investment. One building features 47,250 square feet of heavy power, high-bay space with 13 cranes (including four 25-ton units), 4,600 square feet of office space, and clear heights ranging from 20 to 35 feet. This building also includes 15 loading docks, one dock-high door, six grade-level doors, and 3600 amps of 3-phase power. A fenced, paved storage yard and 64 parking spaces are also available. A second building offers 18,000 square feet of heavy power, high-bay space with five cranes (including three 10-ton units), 950 square feet of office space, and clear heights between 21 and 28 feet. This building includes five grade-level doors, 1200 amps of 480-volt, 3-phase power, and a small yard for additional storage. Finally, a 14,500-square-foot traditional warehouse with 1,000 square feet of office space, 18-foot clear height, four grade-level doors, one exterior loading dock, and 3-phase power is included. This building is currently 100% occupied by a tenant under a NNN lease with annual rent increases until January 1, 2028, with early termination possible for a user buyer. The property is zoned for industrial use and is located in Wayne County, Michigan, with the address encompassing 550, 580 Hillsdale Street and 555 Grove Street, zip code 48192. The buildings can be purchased individually or as a campus. The land value is $73-$78 per square foot. The campus is situated near vacated Albion Street, offering potential for additional parking. The buildings were constructed in 1989 and are single-story structures.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1568
- Latitude
- 42.1924
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
