Address
451 W 14 Mile Rd Madison Heights, MI
Price
$ 4,800,000
Property Attributes
  • MLS#40176841
  • TypeCommercial
  • CountyOAKLAND
  • CityMadison Heights
  • AreaMadison Heights
  • NeighborhoodMadison Heights
  • Zip48071
  • StyleCommercial/Industrial
  • Year Built2003
  • Taxes$ 30983
  • Price$ 4,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5852
  • Lot Size1.29 Acres
Listing Provided Courtesy Of:
Keller Williams Legacy
Data Source:
Michigan Multiple Listing Service
Property Description

Absolute Net Lease. Zero responsibility for the landlord. Global tenant who has occupied the property since 2003. Three years remaining on the lease with two five-year options to extend. One-third of the property is still vacant for huge potential income from warehouse building or additional tenants. Jared, The Galleria of Jewelry is located across from Oakland Mall, a 1,500,000 SF center anchored by Macy?s, At Home, and JCPenney. All measurements approximate. Agent to verify.

Price History
5/20/2021 Listed $4,800,000

General Features

Class COM/IND/BUS OPP
Cooling Central A/C
Directions Located across from Oakland Mall.
Financial Terms Cash, Conventional
Listing Area Madison Heights (63252)
Municipality Madison Heights
Originating Mls RealComp
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subdivision JOHN R CLAWSON SUB
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 2003
Zoning Commercial

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Brick, Stone
Foundation Type Slab
Frontage 425
Lot Dimensions 425.00X136.00
Lot Size Area 1.29
Roads Class B
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 48071

Price
AVG $490K
$4.8M
Taxes
AVG $32,543
$30,983
Visits
AVG 93
4
Year Built
AVG 1969
2003
Walkscore
AVG 58
64
Data Provided by Walkscore ® not using MLS data