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Realty Executives Showcase Commercial

showcasecommercial@realtyexecutives.com +1(586) 726-4600

$ 3,450,000

Est. payment -/mo

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30547 Dequindre Road Madison Heights, MI 48071

17,700 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 17,700 sqft

Price per Sqft $194

MLS Listing ID 58050191197

Year Built 1985

Annual Tax Amount $56,423

Lot Size 2.460 Acres

Acres 2.46

Lot Dimensions 385x279

Property Sub-Type Real Estate Only

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 Madison Heights

Zoning Commercial

Interior

Hot Water Natural Gas

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Roof Type Rubber

Road Frontage Paved

Building

Foundation Slab

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal)

Additional Building Other

Structure Type Brick

Schools

School District Lamphere

Others

Tax ID 2512226013

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Full Service

Listed by Claudia Shamo of Century 21 Professionals Sterling Heights

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Realty Executives Showcase Commercial

+1(586) 726-4600

showcasecommercial@realtyexecutives.com