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    1321-1325 Fourteen Mile Rd Madison Heights, MI 48071

    Sponsored
    For Lease
    $20 SF/Yr ($9,758 /Mo)

    Madison Heights medical/retail space available

    Lot size:
    5,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in this exceptional 5,855 square foot, single-story building located in the thriving Madison Heights market. Recently renovated in 2022, this property boasts a completely updated façade, parking lot, and interior. Two spaces are currently available, ranging from 1,910 to 4,024 contiguous square feet, perfect for a variety of uses. The B-3 General Business zoning allows for retail, office, and medical office tenants. This prime location on the south side of West 14 Mile Road, just west of Stephen Highway and I-75, benefits from high visibility and exceptional traffic counts, with over 42,000 vehicles passing daily. The property is conveniently situated near Oakland Mall and I-75 access ramps, ensuring easy access for both employees and customers. A strong existing tenant, Dunkin', is already established, adding to the property's appeal. The building offers ample parking with 33 spaces. With over 307,000 people residing within a five-mile radius, this property presents a unique opportunity to establish a successful business in a high-traffic, densely populated area. Built in 1976 and extensively renovated, this property offers a blend of established infrastructure and modern amenities. This is a rare opportunity to secure a well-located, versatile space in a rapidly growing market.

    Property Features for 1321-1325 Fourteen Mile Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,855 SF
    Total Rate
    9758.33

    Building Details

    Year Built/Renovated
    1976/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    C: 1325
    Size
    2,114 SF
    Rate per SF
    $40
    Space
    B: 1323
    Size
    1,910 SF
    Rate per SF
    $40

    HighLights

    • 5,855 SF single‑story medical office/retail building in Oakland County.
    • 1,910 - 4,024 SF of contiguous space available for lease.
    • Recently renovated (2022) with new façade, parking, and interior upgrades.
    • Excellent location near Oakland Mall, I‑75 access, and high traffic counts (42,000+ vehicles daily).
    • B‑3 General Business zoning allows for retail, office, and medical office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -83.122473
    Latitude
    42.533344

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    FAQs

    What type of property is this?
    Medical office - Madison Heights medical/retail space available
    Where is this medical office located?
    The property is located at 1321-1325 Fourteen Mile Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 5,855 SF single-story medical office/retail building in Oakland County.; 1,910 - 4,024 SF of contiguous space available for lease.; Recently renovated (2022) with new façade, parking, and interior upgrades.
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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
    1321-1325 Fourteen Mile Rd Madison Heights, MI 48071
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