Property profile

26689 Northeastern Hwy Madison Heights, MI 48071

OFF-MARKET
Specialty properties
Property ID
US43-4960116
3,000 SF 0.4 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional 3,000 square foot church building presents a unique investment opportunity in Madison Heights, Michigan. Located at 26689 Northeastern Hwy, 48071, this property sits on a 0.395-acre lot (approximately 80 x 106 feet, irregular shape) and boasts a spacious sanctuary with seating for 80-100 people. The building, constructed in the 1950s, features a brick/block/frame exterior and a full basement. Heating and cooling are provided by gas hot water baseboard heat and central air conditioning. Ample parking is available with a paved lot accommodating 15-20 vehicles. Interior features include a fellowship hall, a small kitchen, a pastor's study, three classrooms, and two restrooms. Additional amenities include a shed, padded pews, and a washroom with a shower. A handicap-accessible ramp ensures convenient access for all. The property is zoned residential and currently has property tax exemption. The occupancy terms are negotiable. This versatile property offers significant potential for various uses, subject to obtaining necessary permits and approvals. Parcel number is 44-25-24-202-002.

Property profile

Verified
Property type Specialty properties
Year built 1950
Total area 3,000 SF
Lot 0.4 ac (17,206 SF)
UPID US43-4960116

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
  • Church

Location

26689 Northeastern Hwy Madison Heights, MI 48071
Madison Heights metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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