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    Specialty properties

    30728 John R Rd, Madison Heights, MI 48071

    2,592 SF 1.05 ac lot
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5188227
    Property summary
    AI-generated overview

    This exceptional 5,100 square foot mixed-use property, located at 30728 John R Rd in Madison Heights, Michigan, presents a unique investment opportunity. The building, situated on a one-acre lot, features two stories and boasts a blend of creative and traditional office space, perfect for owner-occupancy. Originally constructed as a church, it was renovated in 2010 and is currently vacant, offering a blank canvas for a variety of uses. The property's B1 zoning allows for diverse commercial applications, including but not limited to medical offices, childcare facilities, schools, or continued use as a community center. Recent upgrades include fresh paint and newer furnaces. The asking price is $875,000, translating to $171.57 per square foot. The net rentable area is 5,100 square feet. This property is privately owned and offers a compelling chance to acquire a well-located, versatile commercial space in a thriving Oakland County market. The building's history and unique character provide a distinct advantage for creative entrepreneurs and established businesses alike. This is a rare opportunity to acquire a substantial property in a desirable location with significant potential for future growth and return on investment.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Total area 2,592 SF
    Lot 1.05 ac (45,738 SF)
    Zoning code B-1 LOC
    APN 44-25-12-101-057
    UPID US43-5188227
    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
    • REDOAKS.CHURCH Church
    • Paul LaTorre's Christmas Tree Lot Christmas Store Garden Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $655k
    Owner & transaction history
    D & S Commercial LLC · 3 yrs held
    D & S Commercial LLC
    since 2023
    Last sale
    $625,000
    2 recorded transactions
    2023
    $625,000
    2003
    Zoning & alternative use
    B-1 LOC · Madison Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $455,000 +199.5%
    Retail stores $440,000 +187.0%
    Medical building $410,000 +168.4%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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