60999 Grand River Ave, New Hudson, MI 48165
For Sale
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This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Lyon Charter Township, Michigan. Located at 60999 Grand River Ave, 48165, this property boasts a prime location with excellent freeway visibility, situated right off the Kent Lake Road exit of I-96. The parcel is zoned B-2 Commercial, offering a wide array of potential uses. The asking price is $1,000,000, translating to $200,000 per acre. The property's APN is 21-05-176-016. This expansive lot provides significant development potential for various commercial ventures. Furthermore, the property offers the flexibility of being subdivided into two 2.5-acre parcels, each priced at $600,000. This presents an attractive option for investors seeking smaller-scale projects. Given its strategic location, zoning flexibility, and potential for subdivision, this property represents a compelling investment opportunity in a thriving commercial area. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a desirable Michigan location.
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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
BI · 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.