56875 Grand River Ave, New Hudson, MI 48165
For Sale
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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.
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Miner's Barber Shop Barber Shop
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Sullivan Law Office Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
II · New Hudson, MINew Hudson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.