31075 John R RdMadison Heights, MI 48071

Property Details for 31075 John R Rd

Year built

1989

Lot size

1.47 AC

Property size (Sq ft)

17,375 SF

Zone code

B-1 LOC

Property type

Retail properties

Property subtype

Super regional malls

APN

44-25-02-478-021

APU

442502478021

Description

Red Oak Plaza, a single-story, Class C retail strip center, offers exceptional leasing opportunities in Madison Heights, Oakland County. This 18,000 square foot property, built in 1990, features three suites with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 4,400 square feet. Currently, 7,950 square feet are available for lease. The center boasts a highly visible location on John R Road, directly across from a Sam's Club, ensuring significant foot traffic and brand recognition. Recent facade improvements enhance the property's curb appeal. The B-1 Commercial zoning allows for a variety of retail uses. Monument signage is available, providing excellent opportunities for tenant branding. The property's location within a trade area featuring numerous national retailers further strengthens its appeal. The APN is 25-02-478-021. This is an ideal location for businesses seeking high visibility and strong potential for growth in a well-established retail corridor. Contact us today to learn more about leasing opportunities at Red Oak Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $5,312,207

  6.5%

  $4,903,576

  7%

  $4,553,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,095,649

  Geo Method

  $4,095,649

• Alternative Use

  Use

  Valuation

  Residential

  $4,136,350

  Hospitality

  $3,788,874

  Educational

  $3,152,299

  Medical

  $3,260,711

  Retail

  $4,903,576

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.5213

Longitude

-83.1072

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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