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Storefront Property with On-Site Parking
New
For Sale
$1,699,000

375 W 12 Mile Rd, Madison Heights, MI 48071

Parking is distributed along both sides of the property, with access to I-75 nearby.

Property SizeContact for details
Lot Size0.56 Acres
Days on Market4

Property Features for 375 W 12 Mile Rd

General Information

Standard status Active
Total Parking Spaces 44
Lot size 0.56 Acres
Property subtype Commercial

Additional Details

Highway Access Yes

Building Details

Year Built 1972
Listing Agency: Exclusive Broker Services, LLC
Listed By: Sheila Mazzoline · License #6501373935
Source: Elliman
Added: Oct 16 Last Checked: Oct 16 at 2:07PM

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 Exclusive Broker Services, LLC

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Investment Insights

Based on property information with market context.

Built in 1972, this storefront property has a lot measuring 195 feet wide and 125 feet deep from the sidewalk. Parking is positioned on both sides, with 24 spaces on the west and 20 on the east.

The property offers on-and-off access to I-75. Nearby businesses include Home Depot, Lowe’s, Red Lobster, and Tim Hortons.

Key Highlights

  • Lot measures 195 feet wide by 125 feet deep from the sidewalk
  • 44 parking spaces: 24 on the west side and 20 on the east
  • Convenient on‑and‑off access to I‑75

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - Parking is distributed along both sides of the property, with access to I-75 nearby.
Where is this storefront property located?
The property is located at 375 W 12 Mile Rd Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Lot measures 195 feet wide by 125 feet deep from the sidewalk; 44 parking spaces: 24 on the west side and 20 on the east; Convenient on‑and‑off access to I‑75
More about this property
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