Property profile

241 11th Mile Rd 245 Madison Heights, MI 48071

OFF-MARKET
Office buildings
Property ID
US43-0294372
4,940 SF 0.37 ac lot Built 1955
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Total area 4,940 SF
Lot 0.37 ac (16,117 SF)
Zoning code B-3 GEN
APN 44-25-13-357-027
UPID US43-0294372

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
  • Big Box & Wholesale Store Building Supply
  • Law Firm Insurance Agency

Location

241 11th Mile Rd, Unit 245 Madison Heights, MI 48071-3623
Madison Heights metro Census 181300 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
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2018
$440,000
2010
$170,000
2010
$160,000
1999
$410,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 GEN · 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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