Property profile

32900 Avis Dr Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-1920270
57,455 SF 3.76 ac lot Built 1967
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 58,253-square-foot warehouse, located at 32900 N. Avis Drive in Madison Heights, Michigan, presents a significant opportunity for businesses seeking a single-tenant industrial space. Built in 1974 and renovated in 2011, the property sits on a 4.3-acre lot, offering ample space for operations and expansion. The building features a 14-foot ceiling height, providing generous vertical clearance for storage and equipment. Loading and unloading are facilitated by four loading docks and two dock-high doors. With 111 total parking spaces, the property ensures convenient parking for employees and visitors. The warehouse boasts 2,000 amps of 480/220V 3-phase power, suitable for a variety of industrial applications. The property is zoned for industrial use and its address is conveniently located near the intersection of Dequindre Road and 14 Mile Road in Oakland County (APN: 25-01-202-034). The entire 58,253 square feet is currently vacant and available for lease. This property offers a unique combination of size, location, and amenities, making it an attractive option for businesses seeking a modern and functional warehouse space in a prime industrial area.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1967
Total area 57,455 SF
Lot 3.76 ac (163,786 SF)
Zoning code M-1 LT
APN 44-25-01-202-034
UPID US43-1920270

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

32900 Avis Dr Madison Heights, MI 48071-5011
Madison Heights metro Census 981200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.74M
Blend (final) Blend
$3.74M

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2016
$2.4M
2008
$12,000

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Neighborhood: shopping center $5.3M +23.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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