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    Property profile & analytics
    OFF-MARKET Estimated value $1,455,000
    Commercial real estate

    1357 14th Mile Rd, Madison Heights, MI 48071-1056

    2.33 ac lot
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-1309523
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents 11,782 square feet of space across two buildings situated on a 2.39-acre lot in Madison Heights, Michigan. The property, located at 1357 W 14 Mile Rd, boasts a prime location with high visibility on a major thoroughfare (37,990 ADT), and is conveniently situated approximately 980 feet from the I-75 on/off ramp (87,814 ADT) and 590 feet from Stephenson Hwy (31,009 ADT). The zoning allows for a diverse range of uses, including but not limited to religious facilities, daycare centers, charter schools, medical offices, and retail establishments. The main building is a 11,782 square foot brick structure, complemented by a 24x30 foot accessory building located at the rear of the property. Ample parking is available on the expansive 2.39-acre lot, measuring 229 feet of road frontage by 455 feet deep (104,195 square feet total). The property also features pylon signage. The surrounding area demonstrates strong demographics, exceeding the national real median household income. Within a one-mile radius, the population is 9,102 with 4,464 households and an average household income of $88,668. This expands to 109,062 residents and 49,015 households within a three-mile radius, with an average household income of $100,650, and further to 307,942 residents and 132,624 households within a five-mile radius, boasting an average household income of $112,756. This property presents a unique chance to capitalize on a thriving commercial area within Oakland County's Automation Alley. The asking price is $1,700,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 2.33 ac (101,495 SF)
    Zoning code R-2 RES
    APN 44-25-02-101-056
    UPID US43-1309523
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.46M
    Owner & transaction history
    Saggitarius LLC
    Saggitarius LLC
    since 2025
    Last sale
    $1.5M
    3 recorded transactions
    2025
    $1.5M
    2023
    $1.4M
    1969
    Zoning & alternative use
    R-2 RES · Madison Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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