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    513 W 11 Mile Rd Madison Heights, MI 48071

    For Lease
    $999 /Mo

    Retail units available with easy I-75 access and signage.

    Lot size:
    0.41 Acres

    Property Features for 513 W 11 Mile Rd

    General Information

    Lot size
    0.41 Acres

    Building Details

    Year built
    1961

    Source: Pilot Property Group - Residential LLC Agent Alexander Termini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with Building Signage

    Two retail units are available, one offering 900 square feet and the other 800 square feet. These units can be combined to create a single space of 1,700 square feet. The property benefits from close and easy access to I-75. Building signage is available.
    Location Intelligence

    Current Use by Public Records

    Otaku Detroit おたく ... Japanese Confectionery Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.101075
    Latitude
    42.491128

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    FAQs

    What type of property is this?
    Retail space - Retail units available with easy I-75 access and signage.
    Where is this retail space located?
    The property is located at 513 W 11 Mile Rd Madison Heights, MI.
    What are key features of this property?
    This property features: - Two Units Available: 900 sqft and 800 sqft; - **Units Can Be Combined to Create a Spacious 1,700 sqft**; - Close and Easy Access to I-75
    (586) 291-0499
    Request Owner's contact information
    513 W 11 Mile Rd Madison Heights, MI 48071
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    Madison Heights, MI 48071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 W 11 Mile Rd Madison Heights, MI 48071
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