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Property profile & analytics

540 11th Mile Rd, Unit 544 Madison Heights, MI 48071-3702

  • Office buildings
  • 5,542 SF
  • 0.35 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0610370
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 540 11th Mile Rd

Year built
1982
Lot size
0.35 lot acres
Property size
5,542 SF
Zone code
B-3 GEN
Property type
Office buildings
APN
44-25-24-104-034
APU
442524104034

Description

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.


Value Estimations

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Location Insight

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  • Local Demand
City
Madison Heights
County
Oakland
State
Michigan
Longitude
-83.1015
Latitude
42.4905
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,199
$0.00
$0.00
$193,190
-
$0.00
$0.00
$386,380
More about this property
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