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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Super regional malls

    28905 John R Rd 28941, Madison Heights, MI 48071-2848

    9,815 SF 0.69 ac lot Built 1960
    Individually Owned 29-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1818221
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 2,000 square foot end-cap space ideally situated at the high-traffic corner of John R Road and Twelve Mile Road. The property is classified as a retail space with multiple tenancy options. The building itself does not have a listed total square footage. This end-cap unit offers unparalleled visibility and accessibility for businesses seeking a prominent location. The high volume of traffic on both John R Road and Twelve Mile Road ensures significant exposure to potential customers. This makes it an excellent choice for a variety of retail ventures, from restaurants and boutiques to service-oriented businesses. The space is currently available for lease and presents a unique chance to establish a thriving business in a bustling commercial area. Interested parties are encouraged to inquire promptly to secure this prime retail location. The address is 28905-28941 John R Road, offering easy access and excellent visibility for any business. The space's end-cap position provides additional advantages, including increased signage opportunities and enhanced customer accessibility. This is a rare opportunity to secure a highly visible and desirable retail space in a thriving commercial area. The property's location at a major intersection guarantees high foot traffic and excellent visibility, making it an ideal location for a variety of businesses. Don't miss this chance to establish your business in a prime location.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1960
    Total area 9,815 SF
    Lot 0.69 ac (30,056 SF)
    Zoning code B-3 GEN
    APN 44-25-14-229-010
    UPID US43-1818221
    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
    Current use
    Occupant on record · Public records
    • Madison Beverage (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $835k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Mike Bacal
    Mike Bacal
    1 recorded transaction
    1969
    Zoning & alternative use
    B-3 GEN · Madison Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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