25129 Dequindre Rd Madison Heights, MI 48071

This Madison Heights, Michigan industrial property, located at 25129 Dequindre Rd, presents a compelling value-add investment opportunity. The 13,500 square foot Class B warehouse boasts 100% occupancy with sixteen tenants generating a strong net operating income (NOI) of $199,326, resulting in an 8.50% capitalization rate. The asking price is $2,350,000, translating to $174.07 per square foot. The property features a mix of warehouse space and office space. The warehouse area totals 10,137 square feet, while 3,300 square feet is dedicated to twelve second-floor offices. Recent renovations (2021) included upgrades to the shared kitchen and bathrooms, installation of new HVAC systems, and aesthetic improvements such as LVP flooring, fresh paint, ceramic tile, carpeting, doors, and trim. Each office includes a window. Situated on a 0.64-acre lot zoned M-1, this property benefits from a prime location at the intersection of I-75 and I-696 expressways, ensuring excellent accessibility. The seller is motivated, offering a rare chance to acquire a consistently income-producing asset in a high-demand area. This multi-tenant property offers a stable income stream with good-paying tenants.