Two-Level Medical Office Strip
30728 John R Road Madison Heights, MI 48071
30728 John R Road, Madison Heights, MI, 48071
$850,000
For Sale
$850,000
COMMERCIAL - Madison Heights, MI
Property Size4,970 SF
Lot Size1.05 Acres
Price / SF$171.03
Days on Market435
Property Features for 30728 John R Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 25-12-101-057
- Size
- 4,970 SF
- Lot size
- 1.05 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1943
- Roof type
- Asphalt
Listing Agency
Century 21 Professionals Sterling Heights
(586) 274-1111
40682 Ryan Rd, Sterling Heights, MI
Listed by
Rajinder Singh · License #6501269830
(586) 202-8718
Added: May 12, 2025 Updated: Jun 3 at 5:40 pm Checked: Jul 20 at 2:06 pm
MLS# 50174381
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 well-maintained strip center is situated on a 1.05-acre corner lot and includes nearly 5,000 square feet across two levels, plus a finished basement. The building has been recently painted and features a newer furnace. The property is structured to support multiple operational uses, and the parking lot is regularly rented.
The property is located at 30728 John R Road in Madison Heights, south of 13 Mile and close to I-75. The listing describes the site as a great location on John R Road, with access and convenience that can support day-to-day customer and client traffic.
Zoned B1-LOC, the center is positioned for tenants such as child care and doctors’ offices, as reflected in the current leasing and use description. The building is also reported to be rented for recreational activities, which may appeal to operators seeking a property that can accommodate more than one type of program. All showings are scheduled between 12 PM and 8 PM.
The property is located at 30728 John R Road in Madison Heights, south of 13 Mile and close to I-75. The listing describes the site as a great location on John R Road, with access and convenience that can support day-to-day customer and client traffic.
Zoned B1-LOC, the center is positioned for tenants such as child care and doctors’ offices, as reflected in the current leasing and use description. The building is also reported to be rented for recreational activities, which may appeal to operators seeking a property that can accommodate more than one type of program. All showings are scheduled between 12 PM and 8 PM.
Key Highlights
- 1.05‑acre corner lot with nearly 5,000 sq. ft. building on two levels
- Zoned B1‑LOC with potential for high rise development per listing remarks
- Year built 1943; forced air heating and central air conditioning
Local Financial Insights For Healthcare Medical
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 | $125.2k | $25.20 |
| − Vacancy | −$13.2k | −$2.65 |
| EGI | $112.1k | $22.55 |
| − OpEx | −$44.8k | −$9.02 |
| NOI | $67.3k | $13.53 |
4,970 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$960.8K
$840.7K – $1.12M
NOI $67,256 @ 7.0% cap · market cap 7.91%
Second Best
Office B
$244.4K
$213.9K – $285.2K
NOI $17,109 @ 7.0% cap · market cap 2.01%
Theoretical Best
Specialty Retail
$1.07M
$938.0K – $1.25M
NOI $75,039 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
REDOAKS.CHURCH
Church
Paul LaTorre's Christmas ...
Tree Service
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FAQs
What type of property is this?
Medical Office Space - Well-maintained two-level strip center on a corner lot, zoned B1-LOC with space suited for medical and child care use.
Where is this medical office space located?
The property is located at 30728 John R Road Madison Heights, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1.05‑acre corner lot with nearly 5,000 sq. ft. building on two levels; Zoned B1‑LOC with potential for high rise development per listing remarks; Year built 1943; forced air heating and central air conditioning
