For Sale
$1,700,000

1357 14 Mile RdMadison Heights, MI 48071

11,782 SF, 2 buildings, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional redevelopment opportunity presents 11,782 square feet of space across two buildings situated on a 2.39-acre lot in Madison Heights, Michigan. The property, located at 1357 W 14 Mile Rd, boasts a prime location with high visibility on a major thoroughfare (37,990 ADT), and is conveniently situated approximately 980 feet from the I-75 on/off ramp (87,814 ADT) and 590 feet from Stephenson Hwy (31,009 ADT). The zoning allows for a diverse range of uses, including but not limited to religious facilities, daycare centers, charter schools, medical offices, and retail establishments. The main building is a 11,782 square foot brick structure, complemented by a 24x30 foot accessory building located at the rear of the property. Ample parking is available on the expansive 2.39-acre lot, measuring 229 feet of road frontage by 455 feet deep (104,195 square feet total). The property also features pylon signage. The surrounding area demonstrates strong demographics, exceeding the national real median household income. Within a one-mile radius, the population is 9,102 with 4,464 households and an average household income of $88,668. This expands to 109,062 residents and 49,015 households within a three-mile radius, with an average household income of $100,650, and further to 307,942 residents and 132,624 households within a five-mile radius, boasting an average household income of $112,756. This property presents a unique chance to capitalize on a thriving commercial area within Oakland County's Automation Alley. The asking price is $1,700,000.

Highlights

  • $2,290,000 asking price.
  • 11,782 SF brick building on a 2.39-acre lot.
  • Zoning allows for various uses including religious facilities, daycare, charter schools, medical offices, and retail.
  • High visibility location on W 14 Mile Road (37,990 ADT), near I-75 on/off ramp (87,814 ADT) and Stephenson Hwy (31,009 ADT).
  • Pylon signage and ample parking.
  • 229' road frontage by 455' deep lot (104,195 SF total) with a 24' x 30' accessory building.

Property Details for 1357 14 Mile Rd

Property type
Specialty properties, Churches & religious facilities
Square Feet
11,782 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
104,108 SF

Location Insight

City
Madison Heights
County
Oakland
State
Michigan
Latitude
42.5338195
Longitude
-83.12304898
1357 14 Mile Rd, Madison Heights, Michigan

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1357 14 Mile Rd
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