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    OFF-MARKET
    Industrial properties

    411 Meridian Rd, Hudson, MI 49247-9709

    11,988 SF 5.61 ac lot Built 1981
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US43-1316681
    Property summary
    AI-generated overview

    This single-story, 11,988-square-foot manufacturing building in Hudson, Michigan, presents a compelling owner-user opportunity. Located at 411 S Meridian Rd, this Class B property boasts 9,000 square feet of warehouse/production space and 2,000 square feet of office space, ideal for a variety of manufacturing operations. Built in 1981, the building features a 14-foot ceiling height, one loading dock with one dock-high door, and ample parking for 20 vehicles. The property is zoned Industrial class 301 and includes a 12-ton and a 13-ton HVAC unit in the shop area, along with a separate furnace and A/C unit for the office. The entire building is well-insulated, and features separate men's and women's restrooms in the shop area, plus a small quality control room. Currently leased until October 2024, this property offers immediate income potential for investors or a seamless transition for owner-occupiers. The asking price is $450,000, translating to $37.54 per square foot. The property's APN is HD0-118-1040-00.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1981
    Total area 11,988 SF
    Lot 5.61 ac (244,415 SF)
    APN HD0-118-1040-00
    UPID US43-1316681
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gustavo Leaniz · 8 yrs held
    Gustavo Leaniz
    since 2018
    1 recorded transaction
    2018
    $240,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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