29587 Costello Dr, New Hudson, MI 48165-9358

This exceptional investment opportunity presents a fully occupied, multi-tenant light industrial warehouse located at 29587 Costello Drive, Lyon Township, Michigan, 48165. The property boasts a substantial 26,842 square feet of space, situated on a 2.12-acre lot. Built in 1998, this single-story warehouse features a desirable 16-foot ceiling height, providing ample vertical storage capacity. The property offers 87 parking spaces and eight 12' x 14' drive-in doors, enhancing operational efficiency. The building is zoned New Hudson Edge and benefits from 200 amp power. The asking price is $2,875,000, translating to a price per square foot of $107.11. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $212,204. This presents a value-add opportunity due to under-market rents and a limited supply of comparable properties in the area. Lyon Township is experiencing significant growth, with a 60% population increase between 2010 and 2020, making this a particularly attractive investment prospect. The property's APN is 21-03-376-020. This is a rare chance to acquire a well-located, income-producing industrial asset in a thriving Michigan community.