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

OFF-MARKET Grocery and convenience stores Google Maps
5,932 SF 0.52 ac lot Built 1959
Entity Owned ~ Est. High Equity
Estimated value (blended)
$615k
Range $554k – $677k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$719k
Blend (final) Blend
$615k

Owner & transaction history

since 2025
Last sale
$450,000
7 recorded transactions
2025
$450,000
2016
Price N/A
2010
$500,000
2008
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 LOC · Madison Heights, MI
Top alternative use upside
Restaurant $1.0M +2.6%

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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