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Property profile

1850 12th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Retail space
Property ID
US43-0288525
View Sample
2,995 SF 0.46 ac lot Built 1964
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional retail property presents a unique ground lease opportunity in the thriving city of Madison Heights, Michigan. Situated on a 0.46-acre lot at the highly visible southwest corner of East 12 Mile Road and Dequindre Road, this property boasts an existing 3,038 square foot building, currently vacant and ready for immediate occupancy. The B-1 zoning allows for a variety of commercial uses, making it an ideal location for a wide range of businesses seeking high traffic exposure. The property's strategic location ensures excellent visibility and accessibility for customers, benefiting from the significant daily traffic flow along these major thoroughfares. The substantial lot size offers ample space for potential expansion or outdoor amenities, further enhancing the property's appeal. Located in Oakland County, this property offers a strong foundation for business growth within a vibrant and established community. The entire 3,038 square feet is available, providing a blank canvas for your business vision. This is a rare opportunity to secure a prime retail space in a high-demand area. Don't miss out on this chance to establish your business in a location primed for success. The property is located at 1850 E 12 Mile Rd, Madison Heights, MI 48071.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Total area 2,995 SF
Lot 0.46 ac (20,038 SF)
Zoning code B-1 LOC
APN 44-25-13-226-011
UPID US43-0288525

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
$635k
Blend (final) Blend
$315k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2000
Price N/A
1999
Price N/A
1998
$530,000
1969
Price N/A

Zoning & alternative use

B-1 LOC · Madison Heights, MI
Top alternative use upside
Commercial (general) $530,000 +4.4%

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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