32411 Industrial Dr Madison Heights, MI 48071-1528
- Manufacturing properties
- 14,275 SF
- 1.04 lot acres
Current Use by Public Records
- Dumpster Depot / Waste Management Service
- Infinity Events LLC / Wedding Planner / Service Establishment
- Top Notch Party Bus & Limousine / Event Planner / Transportation Service
Property Details for 32411 Industrial Dr
- Year built
- 1984
- Lot size
- 1.04 lot acres
- Property size
- 14,275 SF
- Zone code
- M-1 LT
- Property type
- Manufacturing properties
- APN
- 44-25-01-202-024
- APU
- 442501202024
Description
This exceptional 14,288-square-foot multi-tenant property, located at 32411 Industrial Drive in Madison Heights, Michigan, presents a compelling investment opportunity. The Class B building, constructed in 1984 and renovated in 2017, sits on a 1.04-acre lot and features a single story with 16-foot ceilings. The property boasts two units, 35 parking spaces, and two dock-high doors, making it ideal for various industrial and office uses. Zoned M-1 Light Industrial, this property offers convenient access to major highways. The asking price is $2,000,000, translating to $139.98 per square foot. The property includes a clear-span shop area, making it suitable for a variety of manufacturing or storage needs. A three-year lease term is available. The property's features, including ample parking and convenient highway access, create a productive work environment, perfect for business expansion or relocation. The APN is 2501202024. This is a solid manufacturing building in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,245,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,210,000
- Geo Method
- $1,250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,450,000
- Retail
- $1,275,000
- Mixed-Use
- $1,570,000
- Hospitality
- $1,450,000
- Educational
- $1,310,000
- Residential Income
- $1,290,000
- Energy
- $1,505,000
- Income-Based Land
- $1,480,000
- Food Service
- $1,485,000
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Oakland
- State
- Michigan
- Longitude
- -83.0913
- Latitude
- 42.5293
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
