1321-1325 14 Mile Rd, Madison Heights, MI 48071
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.