27366 John R RdMadison Heights, MI 48071

Property Details for 27366 John R Rd

Year built

1985

Lot size

0.25 AC

Property size (Sq ft)

3,440 SF

Zone code

B-3 GEN

Property type

Retail properties

Property subtype

Auto shops

APN

44-25-13-351-036

APU

442513351036

Description

This exceptional 3,440 square foot freestanding commercial property, located at 27366 John R Rd in Madison Heights, Michigan, presents a unique investment opportunity. Previously utilized as a collision/body shop, the building is zoned B-C and offers significant potential for redevelopment, particularly as a car wash. The property sits on a 0.25-acre lot and boasts impressive dimensions of 120 feet by 80 feet. The building features six dock-high doors, ideal for efficient vehicle access and operation. Its prime location in Oakland County, Michigan, ensures high visibility and accessibility, benefiting from substantial traffic flow. The asking price is $749,000. This property is a rare find, offering a solid foundation for a thriving car wash business or other suitable commercial venture. The ample space and strategic location make it an attractive investment for entrepreneurs seeking a high-return opportunity in a bustling market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,051,741

  6.5%

  $970,837

  7%

  $901,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,880

  Geo Method

  $810,880

• Alternative Use

  Use

  Valuation

  Residential

  $818,938

  Hospitality

  $750,143

  Educational

  $624,110

  Medical

  $645,574

  Retail

  $970,837

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.4939

Longitude

-83.105

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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