Standalone Storefront
New
For Sale
$400,000
26529 John R Rd, Madison Heights, MI 48071
Concrete-block construction and City Center zoning support flexible commercial use.
Property Size1,973 SF
Lot Size0.25 Acres
Price / SF$202.74
Days on Market5
Property Features for 26529 John R Rd
General Information
Standard status
Active
Size
1,973 SF
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
CC
Site & Location
Traffic Count
21,000 vehicles/day
Road Access
Yes
Building Details
Building Size
1,973 SF
Year Built
1958
Buildings
1
Construction
concrete block
Listing Agency:
(248) 564-6071
Listed By:
Julia L Myers
(248) 564-6071
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 3 at 9:55AM
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 Julia L Myers
Investment Insights
Based on property information with market context.
The property includes an existing and operating 1,973-square-foot concrete block commercial building constructed in 1958 at 26529 John R Rd. The standalone building sits on a 0.245-acre parcel with 100 linear feet of frontage along John R Road.
The 2024 “CC” City Center zoning designation supports a range of stated uses, including retail, office, residential, food, and drive-through occupancy. The zoning also allows high-density development up to 4 stories, including mixed-use concepts with retail below residential space. The John R corridor records 21,000+ average vehicles per day, while the property has a Walk Score of 69 and a Bike Score of 50.
The 2024 “CC” City Center zoning designation supports a range of stated uses, including retail, office, residential, food, and drive-through occupancy. The zoning also allows high-density development up to 4 stories, including mixed-use concepts with retail below residential space. The John R corridor records 21,000+ average vehicles per day, while the property has a Walk Score of 69 and a Bike Score of 50.
Key Highlights
- 1,973‑square‑foot existing and operating concrete block commercial building
- 0.245‑acre parcel with 100 linear feet of frontage on John R Road
- 2024 “CC” City Center high‑density zoning
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $16.80 |
| − Vacancy | −$2.8k | −$1.43 |
| EGI | $30.3k | $15.37 |
| − OpEx | −$9.1k | −$4.61 |
| NOI | $21.2k | $10.76 |
1,973 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$303.3K
$265.4K – $353.8K
NOI $21,230 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$97.0K
$84.9K – $113.2K
NOI $6,792 @ 7.0% cap · market cap 1.70%
Theoretical Best
Specialty Retail
$425.6K
$372.4K – $496.5K
NOI $29,789 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Detroit Flower Delivery By DBG Flowers — 26000 Pinehurst Dr, Madison Heights, MI 48071
Frequently Asked Questions
What type of property is this?
Storefront property - Concrete-block construction and City Center zoning support flexible commercial use.
Where is this storefront property located?
The property is located at 26529 John R Rd Madison Heights, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,973‑square‑foot existing and operating concrete block commercial building; 0.245‑acre parcel with 100 linear feet of frontage on John R Road; 2024 “CC” City Center high‑density zoning
