Property profile

1340 11th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Warehouses
Property ID
US43-1131339
6,880 SF 0.4 ac lot Built 1957
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-tenant industrial property, located at 1340 E Eleven Mile Rd, Madison Heights, MI 48071, offers 6,880 square feet of versatile space ideal for warehouse, distribution, or light industrial uses. The building, constructed in 1957, sits on a 0.8-acre lot (34,848 sq ft) and features a 22-foot ceiling height. The warehouse area exceeds 5,300 square feet, complemented by approximately 1,600 square feet of office space and an additional 1,400 square feet of mezzanine space. Access is convenient with one drive-in door and two 14' x 12' pass-through overhead doors, plus a 10' x 9' overhead door. The property boasts 8 total parking spaces and convenient entrances on both sides of the building. The 159-foot frontage provides ample visibility. The building is classified as Class D and has 400 AMP power. Zoning is designated as Lite Industrial (APN: 25-24-206-038). This property presents a unique opportunity for businesses seeking a functional and well-situated industrial space in Madison Heights. The single-story building offers a straightforward layout and ample space for various operational needs. Its location provides easy access to major transportation routes, enhancing logistical efficiency.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1957
Total area 6,880 SF
Lot 0.4 ac (17,424 SF)
Zoning code M-1 LT
APN 44-25-24-206-038
UPID US43-1131339

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1340 11th Mile Rd Madison Heights, MI 48071-3806
Madison Heights metro Census 181600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$635k
Comparable Approach Comparable
$539k
Blend (final) Blend
$600k

Owner & transaction history

since 2023
Last sale
$525,000
2 recorded transactions
2023
$525,000
2010
Price N/A

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Auto repair, garage $845,000 +50.3%
Office building $805,000 +43.8%
Neighborhood: shopping center $640,000 +14.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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