Manufacturing Facility with Grade-Level
31751 Research Park Drive, Madison Heights, MI 48071
For Sale
Contact for pricing
M-1 Light Industrial property with a functional layout, clear-height capacity, and access to regional transportation routes.
Property Size17,569 SF
Lot Size1.23 Acres
Price / SF$98
Days on Market109
Property Features for 31751 Research Park Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Lease Type
Investment Type
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Building Details
Year Built
Building Size
Listing Agency:
CBRE - Detroit
Listed By:
Lauren Scarpace · License MI #6502409106
(248) 351-2060
Source:
Crexi
Added: Jul 29
Changed: Nov 12
Last Checked: Nov 12 at 6:53AM
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 CBRE - Detroit
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Investment Insights
Based on property information with market context.
This 17,569-square-foot manufacturing facility was constructed in 1984 and occupies 1.23 acres in Madison Heights, Michigan. The building offers a functional industrial layout, a grade-level overhead door, 19-foot clear ceiling heights, and on-site parking. M-1 Light Industrial zoning supports the property’s manufacturing-oriented classification and industrial configuration.
The facility is positioned just east of John R Road and Whitcomb Avenue within Madison Heights’ established industrial corridor. Regional access includes connections to I-75 and I-696, while surrounding amenities include Target, Best Buy, dining, and service businesses. The combination of building scale, industrial specifications, and transportation access suits manufacturing, warehousing, and distribution operations.
The facility is positioned just east of John R Road and Whitcomb Avenue within Madison Heights’ established industrial corridor. Regional access includes connections to I-75 and I-696, while surrounding amenities include Target, Best Buy, dining, and service businesses. The combination of building scale, industrial specifications, and transportation access suits manufacturing, warehousing, and distribution operations.
Key Highlights
- 17,569‑square‑foot manufacturing facility on 1.23 acres
- M‑1 Light Industrial zoning
- 19‑foot clear ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,701
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,020
$2.1M
Cap Rate 7%
$1,510,014
$1.5M
Cap Rate 9%
$1,174,456
$1.2M
Market Conditions
NOI Build-Up for 17,569 SF
Gross rent
$129.1K $7.35/SF
− Vacancy
−$4.8K −$0.27/SF
EGI
$124.4K $7.08/SF
− OpEx
−$18.7K −$1.06/SF
NOI
$105.7K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,020
Cap Rate 7%
$1,510,014
Cap Rate 9%
$1,174,456
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,701 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,264 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
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
$190,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Manufacturing properties in Oakland County, MI
Properties on Market for Manufacturing properties in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1 Light Industrial property with a functional layout, clear-height capacity, and access to regional transportation routes.
Where is this manufacturing property located?
The property is located at 31751 Research Park Drive Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,721,762.
What are key features of this property?
This property features: 17,569‑square‑foot manufacturing facility on 1.23 acres; M‑1 Light Industrial zoning; 19‑foot clear ceiling heights
