1450 13 Mile RdMadison Heights, MI 48071

Property Details for 1450 13 Mile Rd

Year built

1959

Lot size

0.52 AC

Property size (Sq ft)

5,932 SF

Zone code

B-1 LOC

Property type

Grocery and convenience stores

APN

44-25-02-377-004

APU

442502377004

Description

This exceptional retail property, located at 1450-1460 West 13 Mile Road in Madison Heights, Michigan, presents a unique opportunity for a discerning business. The property boasts a total building area of 5,932 square feet, currently entirely vacant and ready for immediate occupancy. The building is classified as retail space, suitable for a variety of commercial uses including restaurants and offices. The flexible layout allows for customization to meet specific business needs. Situated on a 0.52-acre lot, the property offers ample space and visibility. The address is 1450 W 13 Mile Rd, Madison Heights, MI 48071. The property's location in Madison Heights provides excellent access to major roadways and a thriving local community. This is a multi-tenant building, offering potential for expansion or collaboration with other businesses. The entire 5,932 square feet is available for lease, providing a significant opportunity for a business seeking a substantial and well-located space. The property is ready for immediate occupancy, allowing for a quick start to operations. This is an ideal location for businesses seeking high visibility and convenient access for customers. The property's size and layout offer flexibility for a variety of commercial uses. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,813,641

  6.5%

  $1,674,130

  7%

  $1,554,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,398,296

  Geo Method

  $1,398,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,412,191

  Hospitality

  $1,293,560

  Educational

  $1,076,226

  Medical

  $1,113,240

  Retail

  $1,674,130

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.52

Longitude

-83.1206

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].