Redevelopment Land for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30164440
Property Subtypes: Mixed Use
Building Status: Proposed
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $565,000
Unit Price: $94.17 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2017

Overview / Comments

1.00 (220’ x 245’) acre of prime development land is available for sale or lease at the northwest quadrant of Dequindre Road and E. 11 Mile Road, in Madison Heights, MI. The site is Zoned B-3 with 200’ of frontage, and this site awards the ability to develop a project with tremendous visibility from the high traffic Dequindre Road. Ideal for coffee and breakfast/lunch restaurants with convenient access to the morning side of the road and is just north of the freeway. Strong employee demographics and dense residential surrounding the site provides great exposure for service and convenience users such as personal care, medical/dental, cellular, restaurants and much more! Join the growing business/retail synergy along the Dequindre corridor!

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Royal Oak Vicinity
Tax ID/APN: 25-13-481-010; 25-13-481-003; 25-13-481-023
Property Located Between: 11 Mile and Dequindre
Feet of Frontage: 200
Lot Depth: 245

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,031 147,343 439,261
Median Age: 40.6 37.9 38.37
Households: 7,305 62,952 181,035
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