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    Property profile & analytics

    1515 14th Mile Rd Madison Heights, MI 48071-1054

    • Turn key restaurants
    • 6,226 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1252531
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1515 14th Mile Rd

    Year built
    1995
    Lot size
    0.24 lot acres
    Property size
    6,226 SF
    Zone code
    B-1 LOC
    Property type
    Turn key restaurants
    APN
    44-25-02-101-063
    APU
    442502101063

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1257
    Latitude
    42.5333
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,599
    $0.00
    $0.00
    $497,330
    -
    $0.00
    $0.00
    $994,660

    Comparable in this City

    • Value Estimation by Request
      8,478 SF

      1111 14th Mile Rd

      RESTAURANT • 8,478 SF
      1111 14th Mile Rd, Madison Heights, MI 48071-1001
      View Details
    • Value Estimation by Request
      4,709 SF

      30460 John R Rd

      RESTAURANT • 4,709 SF
      30460 John R Rd, Madison Heights, MI 48071-2127
      View Details
    • Value Estimation by Request
      7,036 SF

      32787 Stephenson Hwy

      RESTAURANT • 7,036 SF
      32787 Stephenson Hwy, Madison Heights, MI 48071-5527
      View Details
    • Value Estimation by Request
      3,849 SF

      935 11th Mile Rd

      RESTAURANT • 3,849 SF
      935 11th Mile Rd, Madison Heights, MI 48071-3103
      View Details
    • Value Estimation by Request
      504 SF

      26137 John R Rd

      RESTAURANT • 504 SF
      26137 John R Rd, Madison Heights, MI 48071-3649
      View Details
    • Value Estimation by Request
      3,422 SF

      375 12th Mile Rd

      RESTAURANT • 3,422 SF
      375 12th Mile Rd, Madison Heights, MI 48071-2403
      View Details

    Similar Nearby for Sale

    • $100,000

      Established Restaurant in High-Traffic Plaza

      Turnkey sushi restaurant in a busy, high-traffic location.
      1449 W 14 Mile Rd, Madison Heights, MI 48071
      View Details
    • $385,000

      Turnkey Ice Cream Shop For Sale

      Turnkey ice cream shop in prime Madison Heights location.
      26137 John R Rd, Madison Heights, MI 48071
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    • $995,000
      6,036 SF

      Madison Heights Retail Opportunity

      Retail property for sale in Madison Heights, Michigan.
      30125 John R Rd, Madison Heights, MI 48071
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    • $3,450,000
      17,700 SF

      Profitable Retail Plaza in Madison Heights

      High-performing, 100% occupied retail plaza with strong cash flow.
      30547 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • $200,000
      988 SF

      Office/Studio with Additional Parking

      Freestanding office/studio with parking lot in Madison Heights.
      649 E Twelve Mile Rd, Madison Heights, MI 48071
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    • $2,350,000
      5,852 SF

      Madison Heights Commercial Opportunity

      5,852 SF vacant commercial space in high-traffic area.
      451 W Fourteen Mile Rd, Madison Heights, MI 48071
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    Similar Nearby for Lease

    • $12 SF/Yr
      9,700 SF

      Madison Heights Retail Center

      Three retail spaces available, 500-8200 SF
      29051 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing
      105,697 SF

      Campbell Corners Retail Space

      Madison Heights retail center; multiple suites available.
      1401 Fourteen Mile Rd, Madison Heights, MI 48071
      View Details
    • $14,000 /Mo
      5,932 SF

      Madison Heights Commercial Lease Opportunity

      Multi-tenant space ideal for restaurant, food hall, or mixed-use.
      1450 W Thirteen Mile Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing

      Madison Heights Commercial Property Available

      Commercial property available for rent in Madison Heights, Michigan.
      27483 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing
      2,000 SF

      John R Road Retail End Cap

      Prime Retail Space Available - 2,000 SF
      28905 John R Rd, Madison Heights, MI 48071
      View Details
    • $999 /Mo

      Retail Space with Building Signage

      Retail units available with easy I-75 access and signage.
      513 W 11 Mile Rd, Madison Heights, MI 48071
      View Details

    Property Visit Statistics

    • Visits by month
      15.1k
    • Visitors by month
      12.5k
    • Avg Time on site
      63 min
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    Madison Heights, MI 48071-1054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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