30547 Dequindre RD Active Save Request In-Person Tour Request Virtual Tour
Madison Heights,MI 48071
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 17,700 sqft
Price per Sqft $194
MLS Listing ID 58050191197
Year Built 1985
Lot Size 2.460 Acres
Property Sub-Type RealEstateOnly
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 Area02252Madisonheights
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
Parking Features ParkingLot,OnSite,Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Rubber
Building
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Lamphere
School District Lamphere
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition ShortSaleNo, Standard