28003-28009 John R Rd - Retail FOR SALE


Madison Heights, MI 48071
$599,000 USD
586-254-0900
28003-28009 John R Rd, Madison Heights, MI for Sale
$599,000 USD
Retail - FOR SALE
1/2
null | Request Cap Rate

28003-28009 John R Rd
Madison Heights, MI 48071


HIGHLIGHTS

  • Three-unit commercial property with existing rental income.
  • Vacant unit offers owner-user or leasing opportunity.
  • Frontage and signage available along John R Road.
  • Convenient access to I-696 and I-75.
  • Approximately 16± on-site parking spaces.
  • B-3 zoning supports a range of commercial uses.

OVERVIEW

28003-28009 John R presents an opportunity to acquire an income-producing commercial property along one of Madison Heights' established commercial corridors. The three-unit building currently generates approximately $2,300 per month from two occupied units, while the remaining vacant unit provides potential for owner occupancy or additional rental income. The property's configuration offers flexibility for investors seeking existing cash flow as well as owner-users looking to establish a business presence while benefiting from income generated by the occupied units. Positioned on John R Road near the intersection of Gardenia and 11½ Mile Road, the property benefits from visibility along a well-traveled commercial route and convenient access to both I-696 and I-75. This regional connectivity supports access throughout Oakland County and the broader Detroit metropolitan area. Building signage opportunities and frontage along the main roadway further enhance exposure for future occupants. The site contains approximately 0.462 acres and includes 16± parking spaces. Constructed in 1953 and zoned B-3, the property is suited for a variety of commercial uses permitted within the district. Package heating and cooling systems serve the building, and the available unit was previously occupied by a dog grooming and washing business, offering a built-out commercial space that may support similar or alternative business operations depending on user requirements.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

B-3

APN/PARCEL ID

25-14-280-026

ASK ABOUT THIS PROPERTY

Alex TerminiPilot Property Group, Inc.More Info
586-254-0900

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Alex TerminiPilot Property Group, Inc.More Info
586-254-0900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.