Updated Retail
For Sale
$425,000
26201 Dequindre Road, Madison Heights, MI 48071
COM/IND/BUS OPP, Madison Heights, MI
Property Size2,660 SF
Lot Size0.27 Acres
Price / SF$159.77
Days on Market96
Property Features for 26201 Dequindre Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Lot features
Main Street
Subdivision
Madison Heights (63252)
Standard status
Active
APN
25-24-251-006
Size
2,660 SF
Lot size
0.27 Acres
Utilities
Heating system
Forced Air
Water source
Public
Amenities
gated rear parking area
16-foot ceiling height
basement storage
energy-efficient LED lighting
epoxy showroom floors
new paint
rooftop utilities
two residential units
Building Details
Year built
1989
Roof type
Flat
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Jul 9
Changed: Oct 8
Last Checked: Oct 12 at 5:06PM
MLS# 50214250
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.
Investment Insights
Based on property information with market context.
This 2,660-square-foot storefront property, built in 1989, combines retail and office functionality with an updated exterior, fresh paint, LED lighting, and epoxy showroom flooring. The building includes a 16-foot ceiling, approximately 900 SF of basement storage, a gated rear parking area, rooftop utilities, and two accompanying residential units. Forced-air heating, public water, and a flat roof are also included.
The property occupies a 0.27-acre parcel along Dequindre Road in Madison Heights, positioned south of 11 Mile Road. The corridor records 15,000 vehicles per day, with 50 feet of frontage and access to I-696 and other regional thoroughfares. B-3 zoning and the surrounding dense residential neighborhoods support the property’s stated retail and office orientation.
The property occupies a 0.27-acre parcel along Dequindre Road in Madison Heights, positioned south of 11 Mile Road. The corridor records 15,000 vehicles per day, with 50 feet of frontage and access to I-696 and other regional thoroughfares. B-3 zoning and the surrounding dense residential neighborhoods support the property’s stated retail and office orientation.
Key Highlights
- 2,660‑square‑foot retail and office building on a 0.27‑acre parcel
- 50 feet of frontage on Dequindre Road with 15,000 vehicles per day
- 16‑foot ceiling and approximately 900 SF of basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,623
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,460
$572.5K
Cap Rate 7%
$408,900
$408.9K
Cap Rate 9%
$318,033
$318.0K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$44.7K $16.80/SF
− Vacancy
−$3.8K −$1.43/SF
EGI
$40.9K $15.37/SF
− OpEx
−$12.3K −$4.61/SF
NOI
$28.6K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,460
Cap Rate 7%
$408,900
Cap Rate 9%
$318,033
Alternative Uses
Best Use
Retail
$408.9K
$357.8K – $477.1K
NOI $28,623 @ 7.0% cap · market cap 6.73%
Second Best
Office B
$130.8K
$114.5K – $152.6K
NOI $9,157 @ 7.0% cap · market cap 2.15%
Theoretical Best
Specialty Retail
$573.7K
$502.0K – $669.4K
NOI $40,162 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
717
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible retail and office property with gated parking, basement storage, and highway connectivity.
Where is this storefront property located?
The property is located at 26201 Dequindre Road Madison Heights, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,660‑square‑foot retail and office building on a 0.27‑acre parcel; 50 feet of frontage on Dequindre Road with 15,000 vehicles per day; 16‑foot ceiling and approximately 900 SF of basement storage
