Manufacturing Facility with Grade-Level
New
For Sale
Contact for pricing
31751 Research Park Drive, Madison Heights, MI 48071
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$105.01
Days on Market6
Property Features for 31751 Research Park Drive
General Information
Standard status
Active
Size
17,569 SF
Lot size
1.23 Acres
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Building Size
17,569 SF
Listing Agency:
CBRE - Detroit
(248) 351-2060
Listed By:
Lauren Scarpace · License #MI 6502409106
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 5:16AM
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
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 For Warehouse
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 | $129.1k | $7.35 |
| − Vacancy | −$4.8k | −$0.27 |
| EGI | $124.4k | $7.08 |
| − OpEx | −$18.7k | −$1.06 |
| NOI | $105.7k | $6.02 |
17,569 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,701 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,264 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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 $1,845,000.
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
