29401 Stephenson HwyMadison Heights, MI 48071

Property Details for 29401 Stephenson Hwy

Year built

1987

Lot size

1.89 AC

Property size (Sq ft)

39,770 SF

Zone code

M-1 LT

Property type

Industrial properties

Property subtype

Loft space

APN

44-25-11-376-024

APU

442511376024

Description

This exceptional 39,770-square-foot flex space in Oakland County offers immediate occupancy. The property, built in 1987, boasts a 12-foot clear ceiling height and is divisible to a minimum of 20,000 square feet. The entire 39,770 square feet is currently vacant and available for lease. The space features one 12x10 grade-level dock high door, providing convenient drive-in access. Power is robust, with 1000 amps at 480 volts, suitable for heavy power demands. The property is zoned M-1, offering versatility for various industrial uses. Ample parking is available, complemented by a recently renovated parking lot and freshly painted building exterior. The current floor plan is wide open, easily adaptable to suit diverse needs. The property also holds site plan approval for a self-storage development, presenting an additional investment opportunity. The lease rate is $6.00 per square foot, NNN. Don't miss this chance to secure this well-located, versatile industrial space.

• CAP approach

  CAP return

  Valuation

  6%

  $10,256,758

  6.5%

  $9,467,777

  7%

  $8,791,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,766,133

  Geo Method

  $5,766,133

• Alternative Use

  Use

  Valuation

  Residential

  $9,467,777

  Hospitality

  $8,672,433

  Educational

  $7,215,362

  Medical

  $7,463,510

  Retail

  $11,223,897

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.51

Longitude

-83.1196

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].