See all 16 photos
16 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,450,000
Est. payment /mo
17,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 17,700 sqft
Price per Sqft $194
MLS Listing ID 50191197
Year Built 1985
Lot Size 2.460 Acres
Acres 2.46
Property Sub-Type Industrial
Source MiRealSource
Property Description
High-Performing Investment Plaza – Madison Heights! Rare opportunity to own a profitable retail plaza in one of Madison Heights' busiest corridors! Featuring 17 units / 27,700 sq. ft. on 2.46 acres, this property is 100% occupied with established, long-term tenants and a 8.51% cap rate. Strong cash flow with $375,600 annual income and $293,476 NOI. Two well-kept buildings (built 1974 & 1985) with 173 parking spaces and a prime Dequindre Rd. location boasting 34,800 VPD. Same ownership for 29 years — a proven performer offering stability, visibility, and solid returns. New Rubber Roof Installed in 2024.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Commercial
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Roof Type Rubber
Building
Sewer Public
Structure Type Brick
Read Less Info
Listed by Century 21 Professionals Sterling Heights
GET MORE INFORMATION
QUICK SEARCH
- Who You Work With Matters!
- Shopping Interest Rates - The Truth!
- Draft Your Real Estate Bench!
- Starting Your Home Search - Making That First Call!
- Hire A Team That Answers Your Calls!
- Compliance fees - What you need to know!
- Getting To Know The Mortgage Consultant
- Married, But Spouse Has Bad Credit?
- Getting To Know Niki @ Title Connect