Property summary
This exceptional 1,324-square-foot warehouse, situated on a 0.7-acre lot in Wixom, Michigan, presents a compelling investment opportunity. Located at 54001 Grand River Ave, this property boasts convenient access to I-96, a key transportation artery. Built in 1946, the warehouse is zoned I-2 General Industrial, allowing for a variety of uses. The property includes municipal water and sewer service, eliminating the need for costly private systems. Ample parking is available with 20 spaces on-site. The property's parcel number is 21-11-251-001. This location benefits from its position in a rapidly developing area of Southeast Michigan, offering significant growth potential. The single-tenant building provides a straightforward investment with clear potential for future appreciation. The property's size and zoning make it suitable for a range of industrial businesses seeking a well-located and functional space. This is a rare opportunity to acquire a well-maintained industrial property in a prime location with excellent access to major transportation routes. The 0.7-acre lot provides ample space for expansion or future development.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
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Garden Center Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
II · New Hudson, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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