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    FOR SALE
    Manufacturing properties

    56495 Grand River Ave, New Hudson, MI 48165

    20,086 SF 3.21 ac lot Built 1948
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US43-1090047
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Road Runner Camera Cars Inc Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.58M
    Blend (final) Blend
    $1.28M
    Owner & transaction history
    Douglas R Smith · 2 yrs held
    Douglas R Smith
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    II · New Hudson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.9M +14.9%
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    More about this property
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