Property profile

56495 Grand River Ave New Hudson, MI 48165

FOR SALE
Manufacturing properties
Property ID
US43-1090047
20,086 SF 3.21 ac lot Built 1948
Individually Owned 2-yr Hold Free & Clear
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56495 Grand River Ave, New Hudson, MI 48165 For Sale
$2,150,000 20,086 SF
56495 Grand River Ave, New Hudson, MI 48165
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1948
Total area 20,086 SF
Lot 3.21 ac (139,828 SF)
Zoning code II
APN K -21-03-352-004
UPID US43-1090047

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

56495 Grand River Ave New Hudson, MI 48165
New Hudson metro Census 138600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$460k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

II · New Hudson, MI
Top alternative use upside
Neighborhood: shopping center $1.9M +14.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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