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    31075 John R Rd Madison Heights, MI 48071

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Retail Space, High Visibility, 7,950 SF Available

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Red Oak Plaza, a single-story, Class C retail strip center, offers exceptional leasing opportunities in Madison Heights, Oakland County. This 18,000 square foot property, built in 1990, features three suites with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 4,400 square feet. Currently, 7,950 square feet are available for lease. The center boasts a highly visible location on John R Road, directly across from a Sam's Club, ensuring significant foot traffic and brand recognition. Recent facade improvements enhance the property's curb appeal. The B-1 Commercial zoning allows for a variety of retail uses. Monument signage is available, providing excellent opportunities for tenant branding. The property's location within a trade area featuring numerous national retailers further strengthens its appeal. The APN is 25-02-478-021. This is an ideal location for businesses seeking high visibility and strong potential for growth in a well-established retail corridor. Contact us today to learn more about leasing opportunities at Red Oak Plaza.

    Property Features for 31075 John R Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Class
    C
    Total Rate
    22500

    Building Details

    Year Built
    1990
    Stories
    1

    Unit(s) available at that property

    Space
    Suite E
    Size
    1,800 SF
    Rate per SF
    $15
    Space
    Suite C
    Size
    4,400 SF
    Rate per SF
    $15
    Space
    Suite A
    Size
    1,750 SF
    Rate per SF
    $15

    HighLights

    • 18,000 SF Class C retail strip center in Madison Heights, Oakland County.
    • Three suites available, ranging from 1,800 to 4,400 contiguous SF; 7,950 SF currently vacant.
    • Located on John R Rd, directly across from Sam's Club, offering high visibility and monument signage.
    • Recent facade remodel; strong national retailer presence in the immediate area.
    • Built in 1990, B‑1 Commercial zoning, APN 25‑02‑478‑021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Interstate Wireless Accessories Mobile Phone Repair Shop Amazon Counter - INTERSTATE ... Shipping And Mailing Service Gong Cha Bubble Tea Store UN Beauty Supply Cosmetics Store Batteries Plus Car Battery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1071727
    Latitude
    42.5213626

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, High Visibility, 7,950 SF Available
    Where is this neighborhood center located?
    The property is located at 31075 John R Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 18,000 SF Class C retail strip center in Madison Heights, Oakland County.; Three suites available, ranging from 1,800 to 4,400 contiguous SF; 7,950 SF currently vacant.; Located on John R Rd, directly across from Sam's Club, offering high visibility and monument signage.
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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
    31075 John R Rd Madison Heights, MI 48071
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