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    32600 John R Rd Madison Heights, MI 48071

    Sponsored
    For Lease
    $20 SF/Yr ($7,600 /Mo)

    Freestanding Retail Building, High Traffic Area

    Lot size:
    4,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,560 square foot freestanding retail building is located at 32600 John R Road in Madison Heights, Michigan, 48071. Situated directly across from Oakland Mall Shopping Center, this single-tenant property benefits from high foot traffic and visibility. The building, constructed in 1988, sits on a 0.37-acre lot and is zoned B-3. Its prime location on John R Road, a major thoroughfare with over 33,300 vehicles daily, ensures excellent exposure. Convenient access to I-75 provides easy commuting for customers and employees. The property's location within the Royal Oak submarket offers access to neighboring cities like Royal Oak, Troy, and Sterling Heights, further enhancing its commercial viability. The building is a single-story structure with no elevators. The entire 4,560 square feet is currently vacant, presenting a unique opportunity for a business seeking a high-traffic location in a thriving retail area. This property offers significant potential for a variety of retail uses.

    Property Features for 32600 John R Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,560 SF
    Total Rate
    7600

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,560 SF
    Rate per SF
    $20

    HighLights

    • 4,560 SF freestanding retail building in Madison Heights, MI.
    • High‑traffic location across from Oakland Mall.
    • Excellent visibility on John R Road (33,300+ VPD).
    • Convenient access to I‑75.
    Property Profile Location Intelligence

    Current Use by Public Records

    AS Medical Group ... Urgent Care Center Maxem Health Urgent ... Urgent Care Center Ali Shukr Internist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.10680340468
    Latitude
    42.531104147866

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Retail Building, High Traffic Area
    Where is this individual retail property located?
    The property is located at 32600 John R Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,560 SF freestanding retail building in Madison Heights, MI.; High-traffic location across from Oakland Mall.; Excellent visibility on John R Road (33,300+ VPD).
    Request Owner's contact information
    32600 John R Rd Madison Heights, MI 48071
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    Madison Heights, MI 48071
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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
    32600 John R Rd Madison Heights, MI 48071
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