728 W 11 Mile Road, Madison Heights, MI 48071
COMMERCIAL - Madison Heights, MI
- Added:
- Feb 23, 2026
- Days on Market:
- 128
- Last Refresh:
- Jul 1 at 11:06 am
Property Features for 728 W 11 Mile Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Standard status
- Active
- APN
- 25-14-455-027
- Size
- 4,539 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- T1N, R11E, SEC 14 BLANCHE VILLAS SUB LOT 203
- Tax Annual Amount
- 7976
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
Building Details
- Year built
- 1921
- Number of units
- 3
Listing agent Tjader Gerdom License #6502357230 (248) 515-7606
Listing office GRI Homes for Today 640 Griswold Ste 100, Northville, MI (248) 234-6789
Listing date Feb 23, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Includes 2 buildings: 728 and 740 West 11 Mile Road, Madison Heights, MI 48071
- 728 West 11 Mile Road is a single‑story retail/office building that is fully occupied
- 740 West 11 Mile Road is a 2‑story mixed‑use building with 940 SF ground‑floor retail/office available for lease
- 740 West 11 Mile Road also includes a 2nd‑floor apartment that is fully occupied
- Forced air heating and natural gas is available
- Located about 3 blocks east of I‑75, offering convenient access from Detroit and surrounding suburbs
Overview
The combined site totals 0.05 acres and offers a compact footprint supporting both income-producing and leasing opportunities within the same portfolio. The properties are described as being three blocks east of I-75, which can support convenient access to the area from both Detroit and surrounding suburbs.
For buyers and investors, this package offers existing occupancy in both buildings, with one unit type available on the ground level of the mixed-use property. The 728 building’s fully occupied configuration may appeal to buyers seeking immediate income, while the 740 building’s ground-floor retail/office space can fit tenants looking for a presence in a mixed-use environment with established in-place residential occupancy above.
Local Financial Insights For Retail
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 | $76.3k | $16.80 |
| − Vacancy | −$6.5k | −$1.43 |
| EGI | $69.8k | $15.37 |
| − OpEx | −$20.9k | −$4.61 |
| NOI | $48.8k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Oakland
- State
- Michigan
- Longitude
- -83.113012
- Latitude
- 42.49082
