700 Whitcomb Ave, Madison Heights, MI 48071-1416
This exceptional 48,596-square-foot warehouse, located at 700 E Whitcomb Ave in Madison Heights, Michigan, presents a compelling investment opportunity. Built in 1984 and extensively renovated in 2014, the property boasts a prime location in Oakland County, offering excellent access to major transportation routes. The building features 20-foot ceilings, providing ample vertical space for storage and operations. Two dock-high doors facilitate efficient loading and unloading, complemented by 100+ parking spaces for employees and visitors. The warehouse also includes valuable features such as a mezzanine for additional storage or office space, skylights for natural light, and floor drains for easy cleanup. The property sits on a 2.6-acre lot, providing ample room for expansion or future development. The building's robust electrical system includes 1,000 amps of 240-volt power. The asking price is $4,825,000, translating to a price per square foot of $99.29. This well-maintained warehouse, with its significant upgrades and desirable features, represents a strong investment in a thriving industrial market. The property's main road frontage ensures high visibility and accessibility. Additional features include bus duct and exterior docks. This is a single-tenant property. The zip code is 48071.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 LT · Madison Heights, MIMadison Heights. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.