28905 John R RdMadison Heights, MI 48071

Property Details for 28905 John R Rd

Year built

1960

Lot size

0.69 AC

Property size (Sq ft)

9,815 SF

Zone code

B-3 GEN

Property type

Retail properties

Property subtype

Super regional malls

APN

44-25-14-229-010

APU

442514229010

Description

This exceptional retail opportunity presents a 2,000 square foot end-cap space ideally situated at the high-traffic corner of John R Road and Twelve Mile Road. The property is classified as a retail space with multiple tenancy options. The building itself does not have a listed total square footage. This end-cap unit offers unparalleled visibility and accessibility for businesses seeking a prominent location. The high volume of traffic on both John R Road and Twelve Mile Road ensures significant exposure to potential customers. This makes it an excellent choice for a variety of retail ventures, from restaurants and boutiques to service-oriented businesses. The space is currently available for lease and presents a unique chance to establish a thriving business in a bustling commercial area. Interested parties are encouraged to inquire promptly to secure this prime retail location. The address is 28905-28941 John R Road, offering easy access and excellent visibility for any business. The space's end-cap position provides additional advantages, including increased signage opportunities and enhanced customer accessibility. This is a rare opportunity to secure a highly visible and desirable retail space in a thriving commercial area. The property's location at a major intersection guarantees high foot traffic and excellent visibility, making it an ideal location for a variety of businesses. Don't miss this chance to establish your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,000,824

  6.5%

  $2,769,991

  7%

  $2,572,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,313,600

  Geo Method

  $2,313,600

• Alternative Use

  Use

  Valuation

  Residential

  $2,336,591

  Hospitality

  $2,140,305

  Educational

  $1,780,709

  Medical

  $1,841,950

  Retail

  $2,769,991

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.504

Longitude

-83.1062

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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