Madison Heights Commercial/Industrial
30728 John R, Madison Heights, MI 48071
Commercial/Industrial - Madison Heights, MI
Property size:
4,970 SFLot size:
1.05 AcresPrice / SF:
$171/SF- Added:
- May 12, 2025
- Days on Market:
- 377
- Last Refresh:
- May 23 at 2:06 am
Property Features for 30728 John R
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Interior features
- 220 Volt Power, No Elevator, No Loading Facility, Occupied, Private Restrooms, Public Restrooms, Restroom(s), Sidewalks
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 25-12-101-057
- Size
- 4,970 SF
- Lot size
- 1.05 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Building materials
- Block
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Rajinder Singh License #6501269830 (586) 202-8718
Listing office Century 21 Professionals Sterling Heights 40682 Ryan Rd, Sterling Heights, MI (586) 274-1111
Listing date May 12, 2025
MLS# 50174381
Listing URL
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Zoned B1‑LOC with potential for high‑rise development.
- Prime 1.05‑acre corner lot location on John R, south of 13 Mile, close to I‑75.
- Income‑generating property with rented parking lot and building.
- Nearly 5000 sq. ft. on two levels with a finished basement.
- Well‑maintained building with newer furnace and recent paint.
- Suitable for various uses: strip plaza, childcare, doctor's office.
Overview
Located in Madison Heights, Michigan, this commercial and industrial property features a 1.05-acre corner lot. The site is zoned B1-LOC and offers potential for various uses, including a high-rise building, strip plaza, child care facility, or doctor's office. The property includes a building with nearly 5000 square feet across two levels and a finished basement. The building is well-maintained, with a newer furnace and recent paint. The location on John R, south of 13 Mile, provides convenient access to I-75. The property is currently generating income, with the parking lot regularly rented and the building used for recreational activities.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$594.2K
NOI $53,479 @ 9.00% cap · cautious / downside scenario
Moderate
$764.0K
NOI $53,479 @ 7.00% cap · market / base-case scenario
Aggressive
$1.07M
NOI $53,479 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $16.80 |
| − Vacancy | −$7.1k | −$1.43 |
| EGI | $76.4k | $15.37 |
| − OpEx | −$22.9k | −$4.61 |
| NOI | $53.5k | $10.76 |
4,970 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$764.0K
$668.5K – $891.3K
NOI $53,479 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$938.0K – $1.25M
NOI $75,039 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
REDOAKS.CHURCH
Church
Paul LaTorre's Christmas ...
Christmas Store
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1056931
- Latitude
- 42.5180069
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 1.05 acre corner lot with potential high rise building.
Where is this retail space located?
The property is located at 30728 John R Madison Heights, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Zoned B1‑LOC with potential for high‑rise development.; Prime 1.05‑acre corner lot location on John R, south of 13 Mile, close to I‑75.; Income‑generating property with rented parking lot and building.
