31440 Stephenson HwyMadison Heights, MI 48071

Property Details for 31440 Stephenson Hwy

Year built

1953

Lot size

10.00 AC

Property size (Sq ft)

138,844 SF

Zone code

M-2 HEA

Property type

Manufacturing properties

APN

44-25-02-328-005

APU

442502328005

Description

This exceptional 134,444-square-foot industrial property, situated on a 10-acre lot in Madison Heights, Michigan (48071), presents a compelling investment opportunity. Built in 1955, the facility boasts a versatile layout ideal for distribution and manufacturing operations. The building features a substantial 10,500 square feet of office space, complementing the expansive warehouse area. High ceilings, ranging from 20 to 28 feet, provide ample vertical space for various industrial uses. Efficient operations are supported by six dock-high doors and multiple overhead grade doors, ensuring seamless loading and unloading. The property also includes a five-ton crane, extensive power distribution, compressed air lines, and dedicated testing labs, catering to a wide range of manufacturing needs. The substantial paved exterior lot offers ample storage and significant potential for future expansion. The asking price is $11,750,000, translating to $84.62 per square foot. This property is strategically located at 31440 Stephenson Hwy, in Oakland County, offering easy access to major transportation routes. Lease options may be available. This is a rare opportunity to acquire a well-equipped, expansive industrial facility in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $33,053,660

  Hospitality

  $30,276,974

  Educational

  $25,190,088

  Medical

  $26,056,412

  Retail

  $39,184,580

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.5241

Longitude

-83.1178

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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