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Investment Highlights

  • New roof and HVAC (2024)
  • New parking lot (2022)
  • Backup generator for operational continuity
  • New underground utilities and storm system
  • Zurn drain systems and oil/water separator in place
  • Sale includes equipment (excluding frame bender)

Executive Summary

This is a rare opportunity to acquire a highly improved 18,627 SF industrial/auto body facility situated on 5.82 acres with excellent frontage along Gratiot Avenue in Richmond, Michigan. The property is purpose-built for automotive use, featuring 16’ clear height in the shop, seven (7) overhead doors (up to 14’ high), and 800 amp, 208V, 3-phase power, making it well-suited for collision repair, service, fleet operations, or other industrial users. The facility has undergone significant recent capital improvements, including a new roof and HVAC system in 2024, along with new underground utilities/storm systems and a newly constructed parking lot completed in 2022. Additional features include Zurn drain systems, an oil/water separator, specialized wash bays, climate-controlled shop areas, a backup generator, and enhanced site security with pole-mounted cameras and LED lighting. The property also offers a modern office and reception area with quality finishes. The sale includes substantially all existing building improvements and operational equipment, excluding only the frame bender. Offered at $3,500,000, this is a turnkey opportunity with significant infrastructure already in place.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,627 SF
Building Class
C
Year Built
1964
Price
$3,500,000
Price Per SF
$187.90
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
8.85 AC
Zoning
B-3
Parking
170 Spaces (8.03 Spaces per 1,000 SF Leased)
Frontage
607’ on Gratiot Ave
Somewhat walkable
30/100
Exceptionally drivable
100/100

Nearby Major Retailers

Anytime Fitness
Kroger
Tim Hortons
Huntington National Bank
Huntington Bank

Property Taxes

Property Taxes

Parcel Number
07-06-12-201-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$473,600
  • Listing ID: 39978310

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 66629 Gratiot Ave, New Haven, MI 48050

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