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    29401 Stephenson Hwy Madison Heights, MI 48071

    For Sale
    $2,950,000

    20,000-39,770 SF Flex/R&D Space

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Madison Heights, MI industrial property, located at 29401 Stephenson Hwy, offers 20,000 to 39,770 square feet of flexible space, ideal for R&D or flex uses. Built in 1987 and zoned M-1, the building boasts a 12-foot clear height ceiling, one 12x10 grade-level loading dock, and ample parking with a single bay door for convenient drive-in access. The property features 1000 amps, 480 volts of heavy power. The current floor plan is a wide-open space, easily divisible to suit various needs. Recent improvements include a brand-new parking lot and a freshly painted exterior. The asking price is $2,950,000 ($74.18/sq ft), and the property is also available for lease at $6.00/sq ft NNN. Importantly, the site plan is already approved for self-storage development, presenting a significant value-add opportunity for future expansion or alternative use. This is an immediate opportunity to acquire a well-maintained property in a prime location.

    Property Features for 29401 Stephenson Hwy

    General Information

    Property type
    Life science properties
    Square Feet
    20,000 SF

    Building Details

    Year Built
    1987

    HighLights

    • $2,950,000 asking price for this 20,000‑39,770 square foot industrial property.
    • Flex/R&D space available in Madison Heights, MI.
    • 12' clear ceiling height and one 12x10 grade‑level loading dock.
    • M‑1 zoning.
    • Ample parking and a newly paved lot with freshly painted exterior.
    • Property also has site plan approval for self‑storage development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    International Engineering Engineer Computing Express Computer Store MuniDeals Roadshow Consultant

    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
    -83.1192419
    Latitude
    42.5098797

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    FAQs

    What type of property is this?
    Life science property - 20,000-39,770 SF Flex/R&D Space
    Where is this life science property located?
    The property is located at 29401 Stephenson Hwy Madison Heights, MI.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: $2,950,000 asking price for this 20,000-39,770 square foot industrial property.; Flex/R&D space available in Madison Heights, MI.; 12' clear ceiling height and one 12x10 grade-level loading dock.
    Request Owner's contact information
    29401 Stephenson Hwy 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
    29401 Stephenson Hwy Madison Heights, MI 48071
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