451 W 14 MILE RD $4,800,000

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    451 W 14 MILE RD Madison Heights, MI 48071

    • 5,852 sq. ft.
    • 1.29 Acres
    • Commercial
    • MLS# 40176841
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    Views: 139 Days On Site: 68

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    Property Details

    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.

    • General Features
      • Acreage 1.29
      • Area Municipality Madison Heights (63252)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision JOHN R CLAWSON SUB
      • Waterfront Y/N No
      • Year Built 2003
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Brick, Stone
      • Foundation Type Slab
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 425.00X136.00
      • Roads Class B
      • Sewer Septic Public Sanitary

    Contact

    John Pickell

    John Pickell

    REALTOR

    RE/MAX Classic

    Mobile Phone: 248-917-5923

    Neighborhood

    48071 (Madison Heights) Demographics

    37 Median Age
    4,252 Population Density (per sq. mile)
    30% College Educated
    $43,158 Estimated Median Income
    7,970 Estimated Total Home Owners
    5,194 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    30,168 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $195,500 Median Sales Price
    36 Homes Sold
    51 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,800,000
        5/20/2021 1:51:00 PM New in Database Source: Multiple Listing Service New Value: $4,800,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.