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

Property Details for 1357 14th Mile Rd

Lot size

2.33 lot acres

Zone code

R-2 RES

Property type

Commercial real estate

APN

44-25-02-101-056

APU

442502101056

Description

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.

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Longitude

-83.1232

Latitude

42.5332

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments