Mid-Mitten Realty
30547 Dequindre Road new Save Request In-Person Tour Request Virtual Tour
Madison Heights,MI 48071
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 17,700 sqft
Price per Sqft $194
Subdivision Mi
MLS Listing ID 50191197
Year Built 1985
Annual Tax Amount $56,423
Tax Year 2025
Lot Size 2.460 Acres
Acres 2.46
Lot Dimensions 385x279
Property Sub-Type Commercial/Industrial
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 Madison Heights (63252)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features 100+ Spaces,On Site,Parking Lot
Roof Type Rubber
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership Private
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Commercial Loan