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    FOR SALE
    Office buildings

    56875 Grand River Ave, New Hudson, MI 48165

    1,617 SF 0.21 ac lot Built 1925
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-5180777
    Property summary
    AI-generated overview

    This exceptional freestanding retail building, located at 56875 Grand River in New Hudson, Michigan, presents a compelling investment opportunity. Boasting 1,972 square feet of space, this single-story structure sits on a 0.21-acre lot and offers ample parking with 15 spaces. Built in 1925, the building is classified as Class C and is currently priced at $550,000, translating to $278.90 per square foot. The property benefits from a highly desirable location on Grand River, providing excellent visibility and accessibility. Its B-2 Community Business District zoning allows for a diverse range of uses, including retail, general office, or medical spaces, offering considerable flexibility for future tenants or owners. Situated in Oakland County, within a rapidly expanding Michigan community, this property presents a strong potential for both immediate income generation and long-term appreciation. The property's parcel number is 21-03-303-014 and its zip code is 48165. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market. Don't miss out on this chance to secure a valuable asset in a high-growth area.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1925
    Total area 1,617 SF
    Lot 0.21 ac (9,148 SF)
    Zoning code II
    APN K -21-03-303-014
    UPID US43-5180777
    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
    • Miner's Barber Shop Barber Shop
    • Sullivan Law Office Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Miner Bros LLC · 5 yrs held
    Miner Bros LLC
    since 2021
    Last sale
    $68,000
    3 recorded transactions
    2021
    $68,000
    2009
    2007
    $175,000
    Zoning & alternative use
    II · New Hudson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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