Property profile

27101 Dequindre Rd Madison Heights, MI 48071

FOR LEASE
Commercial land
Property ID
US43-0073865
2,681 SF 0.42 ac lot Built 1954
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This ±1-acre vacant land parcel presents a unique investment opportunity in the thriving city of Madison Heights, Michigan. Located at 27101 Dequindre Road, this property offers excellent visibility and accessibility. Zoned B-2, Community Business, the site is ideal for a variety of commercial uses. The land boasts significant frontage on Dequindre Road, a heavily trafficked thoroughfare with over 33,000 vehicles passing daily, ensuring high exposure for any development. Its strategic location on the west side of Dequindre Road, just north of 11 Mile Road, provides convenient access to I-696, further enhancing its appeal. The property is situated amongst established national and local retailers and restaurants, creating a vibrant and desirable commercial environment. This ±1-acre parcel is available for sale or ground lease, offering flexibility to suit various development plans. The Oakland County location and 48071 zip code add to the property's desirability. This is an exceptional opportunity to acquire a prime commercial site in a high-traffic area with strong surrounding businesses. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1954
Total area 2,681 SF
Lot 0.42 ac (18,295 SF)
Zoning code B-3 GEN
APN 44-25-13-481-023
UPID US43-0073865

Cap rate & NOI

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

Location

27101 Dequindre Rd Madison Heights, MI 48071
Madison Heights metro Census 181300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2023
Last sale
$235,000
5 recorded transactions
2023
$400,000
2021
$235,000
2019
$255,000
2016
$255,000
2004
$380,000

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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More about this property
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