55960 Grand Riv Ave New Hudson, MI 48165-9396
Property profile & analytics
55960 Grand Riv Ave New Hudson, MI 48165-9396
- Warehouses
- 25,697 SF
- 2.52 lot acres
Property ID
US43-1228646
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- PC Server & Parts / Electronics & Wireless Store / Discount Store
Property Details for 55960 Grand Riv Ave
- Year built
- 1970
- Lot size
- 2.52 lot acres
- Property size
- 25,697 SF
- Zone code
- II
- Property type
- Warehouses
- APN
- K -21-03-426-002
- APU
- K2103426002
Description
This exceptional freestanding industrial warehouse, located at 55960 Grand River Ave in New Hudson, Michigan, presents a compelling investment opportunity. Boasting 25,696 square feet of space, this two-story building sits on a 2.52-acre lot and offers significant potential for various industrial uses. Built in 1970 and extensively renovated in 2018, the property features three exterior loading docks, including two drive-in doors, each measuring 10' x 10'. The warehouse benefits from a generous 18' clear height, providing ample storage and operational space. Electrical service includes 208a/600v power. The property is zoned I-1 Light Industrial and includes 30 parking spaces. The building enjoys excellent visibility and frontage on Grand River Avenue. The Net Operating Income (NOI) is a strong $237,733.90, representing a compelling return on investment. The property's parcel number is 21-03-426-002. This well-maintained and strategically located warehouse is ready for immediate occupancy and offers a rare opportunity to acquire a high-quality industrial asset in a desirable location. The asking price is $2,750,000, with a price per square foot of $107.02. The new roof installed in 2018 adds to the property's value and reduces future maintenance costs.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,877,000
- AI Estimate
- $1,510,000
Market price range: $1.23M - $3.30MMarket price range: $741k - $2.71M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,960,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,390,000 Change: +22% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Hudson
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6051
- Latitude
- 42.5102
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,882
$0.00
$0.00
$657,500
-
$0.00
$0.00
$1,315,000
