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327 11 Mile Road NE
Madison Heights, MI 48071

Est. Mortgage: $3,349/mo
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  • 8,833

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.

Property Details
  • Madison (Madison Hts.)
    school district
  • $5,503.00
  • 1969
  • 218017502
Central air
Forced air heat
Cable television available
Handicap access
Slab Foundation
School district: Madison (Madison Hts.)
Block exterior
Brick exterior
Lot size: 1850X110
Subdivision: Tuxedo Park Sub
Lot zoned: Commercial
Present use: STRIP CENTER
Frontage: 185
City water
Units in building(s): 7
Total square feet: 8833
For sale
Summer tax: 4289.0000
Winter tax: 1214.0000
Business type: Retail,Service
Courtesy of:
3DX Real Estate LLC

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Address Distance Sale date Sale price
3178 HILTON Road 1.64 mi. 6/29/2018 $625,000
4052 E 14 MILE Road 3.5 mi. 7/17/2018 $650,000
19679 John R Street 3.65 mi. 5/4/2018 $475,000
17130 BIRCHCREST Drive 5.37 mi. 11/14/2017 $534,500
12542 STEPHENS Road 5.56 mi. 6/1/2018 $625,000
23700 AMBER Avenue 5.61 mi. 2/17/2017 $525,000
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{"markerType": "Sold", "lat": "42.535", "lng": "-83.0677", "Address": "4052 E 14 MILE Road", "City": "Warren", "StateProv": "MI", "ZipCode": "48092"}
{"markerType": "Sold", "lat": "42.43837", "lng": "-83.10349", "Address": "19679 John R Street", "City": "Detroit", "StateProv": "MI", "ZipCode": "48203"}
{"markerType": "Sold", "lat": "42.4177", "lng": "-83.1367", "Address": "17130 BIRCHCREST Drive", "City": "Detroit", "StateProv": "MI", "ZipCode": "48221"}
{"markerType": "Sold", "lat": "42.4705", "lng": "-82.99673", "Address": "12542 STEPHENS Road", "City": "Warren", "StateProv": "MI", "ZipCode": "48089"}
{"markerType": "Sold", "lat": "42.46789", "lng": "-82.99683", "Address": "23700 AMBER Avenue", "City": "Warren", "StateProv": "MI", "ZipCode": "48089"}
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The approximate monthly principal & interest payment for this property would be $3,348.86.

This payment is based on a 30-year loan at a fixed rate of 4.375 % - APR 4.449 % with a down payment of $34,995. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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327 11 Mile Road NE, Madison Heights, MI 48071 commercial offered for sale at $699,900.
Provided through IDX through Realcomp II Ltd. Courtesy of Howard Hanna Real Estate Services
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