26700 John R RdMadison Heights, MI 48071

Property Details for 26700 John R Rd

Year built

2019

Lot size

0.40 AC

Property size (Sq ft)

2,812 SF

Zone code

B-3 GEN

Property type

Retail properties

Property subtype

Auto shops

APN

44-25-24-101-006

APU

442524101006

Description

This exceptional 3,000-square-foot auto service center is available for lease in the thriving city of Madison Heights, Michigan. Built in 2022, this property boasts a modern design and is situated on a sizable 0.4-acre lot, providing ample space for operations and potential expansion. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property's address is 26700 John R Rd, Madison Heights, MI 48071, within Oakland County. Its convenient location offers excellent visibility and accessibility for customers. The property is classified as retail, specifically an auto service center, and features a multiple tenancy structure, although currently, the entire space is available. The building's total square footage is 3,000 square feet, with all 3,000 square feet currently vacant. The property's Assessed Parcel Number (APN) is 25-24-101-006. This turnkey operation presents a rare opportunity for an established auto service business or a new venture seeking a prime location in a high-traffic area. The property's modern construction and ample space offer significant potential for growth and success. Interested parties are encouraged to inquire for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $859,737

  6.5%

  $793,603

  7%

  $736,917

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,847

  Geo Method

  $662,847

• Alternative Use

  Use

  Valuation

  Residential

  $669,434

  Hospitality

  $613,198

  Educational

  $510,173

  Medical

  $527,719

  Retail

  $793,603

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.489

Longitude

-83.1048

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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