327 E 11 MILE Road Madison Heights, MI ^$ 850,000

327 E 11 MILE Road

^$ 850,000

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327 E 11 MILE Road

Madison Heights, MI, 48071

^$ 850,000

Studio Baths0.0 Sq 8,000

Monthly Estimate*

^$ 5,938

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 1

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 2

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 3

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 4

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 5

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 6

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 7

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 8

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 9

327 E 11 MILE Road, Madison Heights, MI 48071 - Image 10

Studio

Commercial Property for sale in Madison Heights, MI

for $850,000. This 8,000 square foot building was built on a lot size of 0.15.

This 7 unit strip (8,833sf) is currently leased by 4 tenants. Three tenants have been in place since 1968, new spa in place for 15 months. Center can be split into 7 actual units and has 7 H-Vacs, for each unit. Well maintained & updated in 2017.Tenants pay own utilities, exterior lighting and repair H-vacs, hot water heaters, electical & plumbing.Please do not bother tenants. Investment property. Purchase and start making money at closing! No needed repairs or tenants to fill spaces. 100% occupancy. Contact agent for information. Do not approach tenants.

Commercial Active

Price

^$ 850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,534

Style

Commercial/Industrial

Lot Size

0.15

Town/City

Madison Heights

County/Region

Oakland

MLS | Web ID

60281483

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision TUXEDO PARK SUB MI

County Oakland

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Madison Heights

Zoning Commercial

Area Madison Heights (63252)

Primary City Madison Heights

Directions North side of 11 Mile Road 1 Block east of John R.

City Madison Heights

Street Name 11 MILE

Financial Terms Cash Conventional

Legal Description T1N R11E SEC 13 TUXEDO PARK SUB LOTS 368 369 & 370 ALSO 1/2 VACATED ALLEY ADJ TO SAME

DOM 106

Postal Code 48071

Price Per Sq Ft 106.25

Coming Soon This 7 unit strip (8 833sf) is currently leased by 4 tenants. Three tenants have been in place since 1968 new spa in place for 15 months. Center can be split into 7 actual units and has 7 H-Vacs

Exterior

Exterior Brick

Frontage 120

Lot Size Area 0.15

Lot Dimensions 1850X110

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Hamidur Rashid

Listing Agent

Real Estate Advantage

Broker

realtorhamidur247@gmail.com

Affordability Calculator

$6,565

Per Month

Monthly Principal & Interest: $5,938
Monthly Property Taxes: $628
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Madison Heights, MI

Average List Price ^$417,412

Percent of Sale Price 51%

About Madison Heights, MI

29,568 Population

-5% Since 2002

^$44,337 Median Income

40.27 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/8/2024	$850,000		Listed Price

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327 E 11 MILE Road, Madison Heights, MI, 48071 is a Commercial Property for sale at $850,000 with 8,000 sqft and a lot size of 0.15. 327 E 11 MILE Road is a studio with 0.0 baths. The property's zip code is 48071 which is in Madison Heights, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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327 E 11 MILE Road

Commercial Property for sale in Madison Heights, MI

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