Property profile

1611 12th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Drive through restaurants
Property ID
US43-1625610
2,242 SF 0.57 ac lot Built 1995
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Total area 2,242 SF
Lot 0.57 ac (24,829 SF)
Zoning code B-1 LOC
APN 44-25-12-478-194
UPID US43-1625610

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1611 12th Mile Rd Madison Heights, MI 48071-2681
Madison Heights metro Census 181200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$345k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2020
Price N/A

Zoning & alternative use

B-1 LOC · Madison Heights, MI

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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