56495 Grand River Ave New Hudson, MI 48165
Property profile & analytics
56495 Grand River Ave New Hudson, MI 48165
- Manufacturing properties
- 20,086 SF
- 3.21 lot acres
Property ID
US43-1090047
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
- Road Runner Camera Cars Inc / Car Dealership
Property Details for 56495 Grand River Ave
- Year built
- 1948
- Lot size
- 3.21 lot acres
- Property size
- 20,086 SF
- Zone code
- II
- Property type
- Manufacturing properties
- APN
- K -21-03-352-004
- APU
- K2103352004
Description
This exceptional 19,800-square-foot flex space industrial property in New Hudson, Michigan, presents a compelling investment opportunity. Located at 56495 Grand River Ave, Lyon Charter Township, Oakland County, MI 48165, this single-story, Class C building boasts a 16-foot ceiling height and ample parking (10 spaces per 1,000 sq ft). Built in 1948 and renovated in 1992, the property sits on a substantial 139,828-square-foot lot zoned for Edge District use, reflecting the area's dynamic redevelopment. The property currently generates a pro-forma NOI of $206,000. A significant portion (9,360 sq ft) is leased to a well-established distillery under a negotiable 10-year NNN lease. An additional 6,480 square feet is occupied by a pool company. Approximately 3,960 square feet remains available, with the owner willing to provide a one-year placeholder lease to assist a buyer in securing a long-term tenant. The property's versatile layout includes two fully equipped commercial kitchens, a spacious office area, and a large warehouse with convenient drive-in bays. New Hudson's robust growth, with over 600 new homes and 1,000 new jobs annually, makes this a prime investment in a thriving Southeast Michigan market. The asking price is $2,350,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,578,000
- AI Estimate
- $982,000
Market price range: $1.07M - $2.15MMarket price range: $470k - $1.62M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,625,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,870,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Hudson
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6112
- Latitude
- 42.5093
- 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
$16,954
$0.00
$0.00
$574,460
-
$0.00
$0.00
$1,148,920
