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Property profile

540 11th Mile Rd 544 Madison Heights, MI 48071

OFF-MARKET
Office buildings
Property ID
US43-0610370
View Sample
5,542 SF 0.35 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a three-unit office building totaling 5,323 square feet, situated on a 0.33-acre lot at 540, 542 & 544 E. 11 Mile Road in Madison Heights, Michigan, 48071. The property, built in 1982, is zoned B-3 and offers significant flexibility for various business needs. Currently configured as three separate units, the building could easily be adapted to accommodate two or even a single larger tenant. The asking price is $479,000, translating to a price per square foot of $89.98. Fifteen parking spaces are available on-site, providing ample convenience for tenants and clients. The building's features include convenient overhead doors, making it suitable for businesses requiring storage or easy access for larger equipment. Its strategic location just off I-75 provides excellent accessibility and visibility, enhancing its appeal to a wide range of potential occupants. This property represents a compelling investment opportunity in a thriving commercial area, offering a blend of established infrastructure and adaptable space. The building's layout and zoning allow for a variety of uses, making it an attractive option for both established businesses and new ventures seeking a prime location in Oakland County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 5,542 SF
Lot 0.35 ac (15,246 SF)
Zoning code B-3 GEN
APN 44-25-24-104-034
UPID US43-0610370

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
3 recorded transactions
2025
$438,725
2020
Price N/A
2009
$200,000

Zoning & alternative use

B-3 GEN · Madison Heights, MI

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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