Listing Agency: Gerdom Realty & Investment m***@gerdomrealty.com Show Phone

Listed By: Michael Murphy · License #6501389134

Source: Crexi

Added: Feb 26 Changed: Aug 17 Last Checked: Aug 20 at 5:16PM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity consisting of two buildings located in Madison Heights, Michigan. The property is suitable for commercial real estate ventures, encompassing mixed-use, office, retail, multifamily, and residential income property types.

Key Highlights

• Investment opportunity
• Two buildings on the property
• Located in Madison Heights

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Spa & Massage Center 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.

Location Intelligence

Trade Area within ½ mile

574

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-building investment opportunity in Madison Heights.

Where is this mixed-use property located?

The property is located at 740 W 11 Mile Rd Madison Heights, MI.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Investment opportunity; Two buildings on the property; Located in Madison Heights