500 Ajax DrMadison Heights, MI 48071

  • Warehouses
  • 7,600 SF
For Lease
$9.95/SF/YR View listing

Property Details for 500 Ajax Dr

Year built
1978
Lot size
0.60 AC
Property size (Sq ft)
7,600 SF
Zone code
M-1 LT
Property type
Warehouses
APN
44-25-11-426-013
APU
442511426013

Description

This 7,600-square-foot warehouse at 500 Ajax Drive in Madison Heights, Michigan, presents a significant opportunity. Built in 1978, the property sits on a 1.21-acre lot and is zoned for industrial use (APN: 25-11-426-013). Currently offering 6,600 square feet of vacant space, this multi-tenant building features a 16-foot ceiling height, ideal for various industrial uses. The property includes one loading dock and ample parking with 13 total spaces. The existing electrical service is 480 volts, 3-phase. A key advantage is the recently refurbished office space, complete with a large open kitchen. The clear-span shop area, previously partitioned into four equal sections, is currently being opened up to provide maximum flexibility. Security features include a gated yard, security cameras, and an alarm system. Added conveniences for employees include a shower and washer/dryer hookups. This property is well-suited for businesses seeking a versatile and secure warehouse space in a convenient location. The property's location in Madison Heights, MI, zip code 48071, offers easy access to major transportation routes.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,809,281
    Hospitality
    $1,657,292
    Educational
    $1,378,847
    Medical
    $1,426,268
    Retail
    $2,144,874

Location Insight

City
Madison Heights
County
Oakland
State
Michigan
Latitude
42.5118
Longitude
-83.1086
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,326
-
-
$352,140
-
-
-
$704,280

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