32451 John R RdMadison Heights, MI 48071

Property Details for 32451 John R Rd

Year built

1953

Lot size

0.27 AC

Property size (Sq ft)

3,600 SF

Zone code

B-3 GEN

Property type

Industrial properties

Property subtype

Other warehouses

APN

44-25-02-279-012

APU

442502279012

Description

This freestanding 3,600 square foot retail/office building is available for sale at $799,000, representing a price per square foot of $222. Located at the highly visible intersection of 14 Mile and John R Roads in Madison Heights, Michigan (zip code 48071), this property boasts excellent visibility and the potential for monument signage along John R Road. The 0.27-acre lot provides ample space for the building and potential future expansion. The seller will undertake exterior renovations to meet a tenant's specifications. This prime location benefits from proximity to Oakland Mall and numerous national big-box retailers within a one-mile radius, ensuring high foot traffic and strong consumer base. The property is situated in a thriving residential community and offers convenient access to I-75 freeway, enhancing its accessibility and appeal to both customers and employees. This presents a unique opportunity for investors seeking a well-located retail property with significant upside potential in a growing market. The property is zoned for retail use and offers a strong return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $857,028

  Hospitality

  $785,033

  Educational

  $653,138

  Medical

  $675,601

  Retail

  $1,015,993

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.5316

Longitude

-83.1074

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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