$3,450,000 for Sale
30547 dequindre, madison heights, MI 48071
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.
General Information
Sale Price: $3,450,000
Price/SqFt: $195
Status: Active
MLS#: 50191197
City: madison heights
Post Office: madison heights
County: Oakland
Acres: 2.46
Lot Dims: 385x279
Size: 17,700 sq.ft.
Acreage: 2.46 est.
Year Built: 1985
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Information provided by East Central Association of REALTORS
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Listing By: Claudia Shamo of Century 21 Professionals Sterling Heights, Phone: 586-274-1111
