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    FOR SALE
    Commercial land

    27101 Dequindre Rd, Madison Heights, MI 48071

    2,681 SF 0.42 ac lot Built 1954
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0073865
    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
    Implied cap rate, NOI & suggested price
    Cap 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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Khans Investments LLC · 3 yrs held
    Khans Investments LLC
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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