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Property profile & analytics
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
Price N/A
2007
$175,000
Zoning & alternative use
II · New Hudson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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