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Freestanding Retail on John R
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32451 John R Road, Madison Heights, MI 48071

Freestanding 3,600 SF retail building with parking and high traffic.

Space SizeContact for details
Days on Market167

Property Features for 32451 John R Road

General Information

Standard status Active
Property subtype Retail
Listing Agency:
Listed By: Harrison Yaldoo
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 20 at 5:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harrison Yaldoo

Investment Insights

Based on property information with market context.

This is a 3,600 square foot freestanding retail building located on the corner of Mandoline Avenue and John R, south of 14 Mile Road. The property benefits from a corner lot location in a major retail area. It is zoned for B-3 commercial use and includes a 14-car private parking lot. The location experiences a daily traffic count of 27,000 vehicles on John R.

Key Highlights

  • High traffic count (27,000 daily)
  • Prime corner lot location on John R
  • Freestanding 3,600 SF building

Property Analytics

Current Use

ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Storage Facility Garden Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

955
Businesses Nearby
379k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 36% Shops & Services 25% Electronics 19% Dining 17%
Kohl's Apparel
79,986 visits/mo 0.5 miles
Micro Center Electronics
60,568 visits/mo 0.5 miles
T.J. Maxx Apparel
56,794 visits/mo 0.3 miles
Michaels Shops & Services
43,159 visits/mo 0.3 miles
Barnes & Noble Shops & Services
41,339 visits/mo 0.4 miles

Demographics for 48071, MI

28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value

Market

Lease Benchmarks for Madison Heights, MI

$14.38 /SF/Yr
Avg Asking Price
$14–$15 /SF/Yr
Price Range
2,696 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Sam's Club Floral 31020 John R Rd, Madison Heights, MI 48071

Frequently Asked Questions

What type of property is this?
Storefront property - Freestanding 3,600 SF retail building with parking and high traffic.
Where is this storefront property located?
The property is located at 32451 John R Road Madison Heights, MI.
What are key features of this property?
This property features: High traffic count (27,000 daily); Prime corner lot location on John R; Freestanding 3,600 SF building
More about this property
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