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    535 Fourteen Mile Rd Madison Heights, MI 48071

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    For Sale
    Contact for pricing

    3,500 SF Freestanding Building, High Traffic

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,500 square foot freestanding retail building, constructed in 1978, is ideally situated at 535 W 14 Mile Rd in Madison Heights, Michigan, zip code 48071. The property sits on a 0.62-acre lot and is zoned BI. Its prime location offers exceptional visibility and accessibility, conveniently located off I-75 freeway in a high-traffic retail corridor of Oakland County. The area boasts a strong concentration of notable retailers, including Macy's, Kohl's, JCPenney, Sears, Barnes & Noble, Office Depot, TJ Maxx, Pier One Imports, Best Buy, Big Lots, Dunham's, Target, Michaels, OfficeMax, Jo-Ann Fabrics, and Great Clips. High traffic counts are recorded at key intersections: W 14 Mile Rd & Palmer Ave (55,709), W 14 Mile Rd & Stephenson Hwy (50,198), and W 14 Mile Rd & I-75 (43,069). This presents a significant opportunity for businesses seeking a well-established location with high visibility and strong consumer traffic. The property's size and location make it suitable for a variety of retail uses.

    Property Features for 535 Fourteen Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,500 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1978

    HighLights

    • 3,500 SF freestanding building.
    • Excellent I‑75 freeway access in Oakland County's premier retail corridor near Oakland Mall.
    • Strong co‑tenancy including Macy's, Kohl's, JCPenney, and other national retailers.
    • Bi‑zoned property.
    • High traffic counts exceeding 50,000 vehicles daily at nearby intersections.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1128304
    Latitude
    42.5335661

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    FAQs

    What type of property is this?
    Individual retail property - 3,500 SF Freestanding Building, High Traffic
    Where is this individual retail property located?
    The property is located at 535 Fourteen Mile Rd Madison Heights, MI.
    What are key features of this property?
    This property features: 3,500 SF freestanding building.; Excellent I-75 freeway access in Oakland County's premier retail corridor near Oakland Mall.; Strong co-tenancy including Macy's, Kohl's, JCPenney, and other national retailers.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    535 Fourteen Mile Rd Madison Heights, MI 48071
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