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    OFF-MARKET Estimated value $625,000
    Grocery and convenience stores

    1450 13th Mile Rd 1460, Madison Heights, MI 48071-2008

    5,932 SF 0.52 ac lot Built 1959
    Entity Owned ~ Est. High Equity
    Property ID
    US43-0616958
    Property summary
    AI-generated overview

    This exceptional retail property, located at 1450-1460 West 13 Mile Road in Madison Heights, Michigan, presents a unique opportunity for a discerning business. The property boasts a total building area of 5,932 square feet, currently entirely vacant and ready for immediate occupancy. The building is classified as retail space, suitable for a variety of commercial uses including restaurants and offices. The flexible layout allows for customization to meet specific business needs. Situated on a 0.52-acre lot, the property offers ample space and visibility. The address is 1450 W 13 Mile Rd, Madison Heights, MI 48071. The property's location in Madison Heights provides excellent access to major roadways and a thriving local community. This is a multi-tenant building, offering potential for expansion or collaboration with other businesses. The entire 5,932 square feet is available for lease, providing a significant opportunity for a business seeking a substantial and well-located space. The property is ready for immediate occupancy, allowing for a quick start to operations. This is an ideal location for businesses seeking high visibility and convenient access for customers. The property's size and layout offer flexibility for a variety of commercial uses. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1959
    Total area 5,932 SF
    Lot 0.52 ac (22,651 SF)
    Zoning code B-1 LOC
    APN 44-25-02-377-004
    UPID US43-0616958
    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
    $719k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Hgs Investment Properties LLC
    Hgs Investment Properties LLC
    since 2025
    Last sale
    $450,000
    7 recorded transactions
    2025
    $450,000
    2016
    2010
    $500,000
    2008
    2008
    1969
    1969
    Zoning & alternative use
    B-1 LOC · Madison Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.0M +2.6%
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