30547 Dequindre Road Active Save Request In-Person Tour Request Virtual Tour
Madison Heights,MI 48071
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