Two-Unit Storefront
For Lease
$13.30 SF/Yr
505-515 W 11 Mile Rd, Madison Heights, MI 48071
B-3-zoned commercial space with building signage and convenient access to I-75.
Space SizeContact for details
Property Size5,418 SF
Days on Market479
Property Features for 505-515 W 11 Mile Rd
General Information
Standard status
Active
Size
5,418 SF
Class
C
Total Parking Spaces
25
Property subtype
Retail
Zoning
B-3
Additional Details
Highway Access
Yes
Amenities
Building Signage available
Building Details
Building Size
5,418 SF
Year Built
1961
Buildings
1
Stories
1
Listing Agency:
Pilot Property Group
Listed By:
Alex Termini · License #6501392648
(586) 291-0499
Source:
Cpix.resimplifi
Added: May 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:15PM
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This 5,418 SF storefront property contains two units and was built in 1961. The building offers available signage, ample parking, and a configuration suited to retail occupancy. B-3 zoning supports its commercial positioning.
Located at 505-515 W 11 Mile Rd in Madison Heights, the property provides access to I-75 and is available for rent. The two-unit layout, on-site parking, signage opportunity, and highway access are the primary physical and operational features.
Located at 505-515 W 11 Mile Rd in Madison Heights, the property provides access to I-75 and is available for rent. The two-unit layout, on-site parking, signage opportunity, and highway access are the primary physical and operational features.
Key Highlights
- 5,418 SF storefront property with two units
- B‑3 zoning
- Building signage available
Property Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
574
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
Lease Benchmarks for Madison Heights, MI
$13.55 /SF/Yr
Avg Asking Price
$10.71–$15 /SF/Yr
Price Range
2,696 SF
Avg Space Size
This space is priced 2% below the average of $13.55 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B-3-zoned commercial space with building signage and convenient access to I-75.
Where is this storefront property located?
The property is located at 505-515 W 11 Mile Rd Madison Heights, MI.
What is the lease rate?
The lease rate is $13.30 SF/Yr.
What are key features of this property?
This property features: 5,418 SF storefront property with two units; B‑3 zoning; Building signage available
