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    31701 Research Park Dr Madison Heights, MI 48071

    Sponsored
    For Lease
    $7 SF/Yr ($9,660 /Mo)

    14,582 SF Single-Tenant Office for Lease

    Lot size:
    14,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,582-square-foot executive office space is available for lease in Madison Heights, Michigan. Located at 31701 Research Park Drive, this single-tenant property sits on a 1.29-acre lot and offers significant advantages for businesses seeking a prominent location. Built in 1984, the building boasts a single story with a generous 16-foot ceiling height, providing ample space and flexibility for various office configurations. The property features robust power capabilities, including 800 amps of 480V 3-phase power, ideal for businesses with significant energy demands. The convenient location offers easy access via John R & 14 Mile Road, ensuring excellent visibility and accessibility for employees and clients. The property is zoned M1 Industrial, providing flexibility for a range of office uses. The Oakland County location, with its APN 25-01-327-012, offers a strong business environment. The entire 14,582 square feet is currently vacant, presenting a unique opportunity for a business to customize the space to its specific needs. This property represents a rare opportunity to secure a substantial, well-located office space in a thriving area. The property's size, power capacity, and convenient location make it an ideal choice for a variety of businesses.

    Property Features for 31701 Research Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,582 SF
    Total Rate
    9660.58

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Space Available
    Size
    14,582 SF
    Rate per SF
    $7

    HighLights

    • 14,582 SF total building area
    • 13,000± SF of office space, easily removable for customization
    • 16' ceiling height
    • One (1) 12' x 14' grade‑level drive‑in door
    • Potential for a second 12' x 14' grade‑level drive‑in door
    • 100% HVAC
    Property Profile Location Intelligence

    Current Use by Public Records

    OCP I-75 Construction Company PD Systems, Inc. Engineering Consultant RLE INTERNATIONAL North ... Engineer RLE INTERNATIONAL Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1009745
    Latitude
    42.5252696

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    FAQs

    What type of property is this?
    Office Property / Space - 14,582 SF Single-Tenant Office for Lease
    Where is this office property / space located?
    The property is located at 31701 Research Park Dr Madison Heights, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 14,582 SF total building area; 13,000± SF of office space, easily removable for customization; 16' ceiling height
    Request Owner's contact information
    31701 Research Park Dr 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
    31701 Research Park Dr Madison Heights, MI 48071
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