451 W 14 Mile Rd

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451 W 14 Mile Rd

Madison Heights, MI 48071
Asking Price
$2.35M
Asset Type
Retail
Class
Class B

What's Special

Located at 451 W 14 Mile Road, this retail property sits within a busy commercial corridor in Madison Heights. The site is positioned near the intersection of 14 Mile Road and John R Road, offering high visibility and proximity to major regional shopping centers and national retailers. The neighborhood is characterized by a mix of light industrial businesses and residential communities. Accessibility is a key feature, as the location provides direct access to the I-75 and I-696 interchange, facilitating convenient transit throughout the Detroit metropolitan area. The property is suited for a variety of retail applications, including service-oriented storefronts, specialty boutiques, or small-scale showrooms. The typical tenant profile includes local businesses seeking high daily traffic counts and national franchises requiring proximity to established commercial hubs. Due to its flexible layout and central placement, the asset accommodates tenants looking for functional space with significant street frontage. The surrounding consumer base consists of both local residents and commuters drawn to the area’s dense concentration of amenities.

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NOI
$80,000
Cap Rate
3.40%
DSCR
0.57
Underwater
Cash-on-Cash
-8.44%
Monthly Payment
$11,626.518
Annual Cash Flow
$-59,518.214

Location & Travel Times