29401 Stephenson Hwy Madison Heights, MI 48071
- Industrial properties
- 39,770 SF
- 1.89 lot acres
Current Use by Public Records
- International Engineering / Engineer
- Computing Express / Computer Store / Electronics Store
- MuniDeals Roadshow / Consultant
Property Details for 29401 Stephenson Hwy
- Year built
- 1987
- Lot size
- 1.89 lot acres
- Property size
- 39,770 SF
- Zone code
- M-1 LT
- Property type
- Industrial properties
- Property subtype
- Loft space
- APN
- 44-25-11-376-024
- APU
- 442511376024
Description
This exceptional 39,770-square-foot flex space in Oakland County offers immediate occupancy. The property, built in 1987, boasts a 12-foot clear ceiling height and is divisible to a minimum of 20,000 square feet. The entire 39,770 square feet is currently vacant and available for lease. The space features one 12x10 grade-level dock high door, providing convenient drive-in access. Power is robust, with 1000 amps at 480 volts, suitable for heavy power demands. The property is zoned M-1, offering versatility for various industrial uses. Ample parking is available, complemented by a recently renovated parking lot and freshly painted building exterior. The current floor plan is wide open, easily adaptable to suit diverse needs. The property also holds site plan approval for a self-storage development, presenting an additional investment opportunity. The lease rate is $6.00 per square foot, NNN. Don't miss this chance to secure this well-located, versatile industrial space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,910,000
- 6.5%
- $1,970,000
- 7%
- $2,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,125,000
- Geo Method
- $1,960,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,730,000
- Retail
- $2,300,000
- Mixed-Use
- $1,925,000
- Hospitality
- $2,185,000
- Educational
- $2,330,000
- Residential Income
- $2,240,000
- Energy
- $1,760,000
- Income-Based Land
- $2,080,000
- Food Service
- $2,195,000
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1196
- Latitude
- 42.51
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
