1357 14th Mile Rd, Madison Heights, MI 48071-1056
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 RES · Madison Heights, MIMadison Heights. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.