540 11 Mile RdMadison Heights, MI 48071

For Sale
$479,000
Three-unit office building, ideal location.

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Highlights

  • Three-unit office building totaling 5,323 square feet on a 0.33-acre lot.
  • Located at 540, 542 & 544 E. 11 Mile Road, Madison Heights, MI 48071.
  • Asking price: $479,000 ($89.98/SF).
  • 15 on-site parking spaces.
  • Features overhead doors and B-3 zoning, allowing for flexible use.
  • Excellent I-75 accessibility.

Property Details for 540 11 Mile Rd

Property type
Retail properties, Office properties
Square Feet
5,323 SF
Year Built
1982
Lot Size (sq. ft)
14,375 SF
Units
3

Location Insight

City
Madison Heights
County
Oakland
State
Michigan
Latitude
42.4905548
Longitude
-83.1014838
540 11 Mile Rd, Madison Heights, Michigan

FAQs

What type of property is this?
Retail property - Three-unit office building, ideal location.
Where is the retail property located?
The property is located at 540 11 Mile Rd Madison Heights, MI.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Three-unit office building totaling 5,323 square feet on a 0.33-acre lot.; Located at 540, 542 & 544 E. 11 Mile Road, Madison Heights, MI 48071.; Asking price: $479,000 ($89.98/SF).
How can I contact the broker?
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540 11 Mile Rd
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