30547 Dequindre Madison Heights, MI 48071
Commercial-Other
MLS #: 50191197
Listed By CENTURY 21 Professionals
40682 Ryan Road, Sterling Heights, MI 48310
40682 Ryan Road, Sterling Heights, MI 48310
Property InformationDescription
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.
Features
- Additional MLS: 50191197
- Age: 31-40 Years Old
- Building Area: 0.00 SF
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 107157 Sq. Ft.
- MLSID: 50191197
- Parking Places: 0
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Taxes: $56424.00
- Water: City Water
- Year Built: 1985
- Zoning: Commercial
- Zoning: Commercial
