29022 STEPHENSON Highway $1,400,000

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    29022 STEPHENSON Highway Madison Heights, MI 48071

    • 3,546 sq.ft.
    • 1.09 Acres
    • Commercial
    MLS# 218107417 | Active

    $1,400,000

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    Days On Market: 75 7 Views
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    Property Details

    PRIME REDEVELOPMENT OPPORTUNITY AT THE CORNER OF I-75 AND 12 MILE ROAD. 1.09 ACRE CORNER LOT FOR SALE 12 MILE ROAD AND STEPHENSON HWY. PRIME CORNER IN A HIGH-TRAFFIC LOCATION WITH GREAT EXPOSURE AND VISIBILITY FROM I-75. BRAND NEW KROGER WAS JUST BUILT ACROSS THE STREET WITH KROGER FUEL CENTER. GREAT MIX OF TENANTS WITHIN A HALF MILE INCLUDE DOLLAR TREE, STARBUCKS, TIM HORTONS, RED LOBSTER, TEXAS ROADHOUSE, CULVERS, GREAT CLIPS, FAMILY DOLLAR, MEDPOST URGENT CARE, KROGER MARKETPLACE, THE HOME DEPOT, AND LOWES HOME IMPROVEMENT. THIS IS THE FIRST LOT MANY PEOPLE SEE WHEN THEY ARE COMING INTO MADISON HEIGHTS OR ROYAL OAK FROM THE I-75 AND 12 MILE EXIT. RARE OPPORTUNITY TO OWN THIS CORNER. TRAFFIC COUNT: 166,000 CARS DAILY (I-75 AT 12 MILE RD.) SALE INCLUDES PROPERTY IDs: 2511377015, 2511377016, AND 2511377019. B.A.T.V.A.I.

    • General Features
      • County Or Parish Oakland
      • Settlement City
      • Commercial Type Commercial
      • Current Use PRIME REDEVELOPMENT OPPORTUNITY (Former Restaurant)
      • Lot Size Area 1.09
      • Zoning Commercial
      • Ownership Status Private Owned, Short Sale - No
      • Originating MLS Realcomp II Ltd
      • Year Built 1974
      • Sqft Total 3,546
      • Operating Expense $0
      • Net Operating Expense $0
      • Gross Scheduled Income $0
      • Tax Amount - Summer 13417.8300
      • Tax Amount - Winter 3320.1900
    • Building Features
      • Foundation Details Slab
      • Construction Materials Block/Concrete/Masonry
      • Sqft Office 3,546
    • Property Features
      • Frontage Feet 252
      • Lot Size Dimensions 252 X 263 X 106 x 272
      • Water Source Municipal Water
      • Sewer Sewer-Sanitary
    • Schools
      • School District Lamphere

    Contact

    Kal Hanna

    REALTOR ®

    RE/MAX New Trend

    Direct: 248-933-2510

    Neighborhood

    48071 (Madison Heights) Demographics

    38Median Age
    4,252Population Density (per sq. mile)
    30%College Educated
    $43,158Estimated Median Income
    7,970Estimated Total Home Owners
    5,194Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    30,168Total Population

    Market Last 30 Days

    $154,500 Median Sales Price
    8 Homes Sold
    27 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,400,000
        11/3/2018 12:42:00 PM New in Database Source

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        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2019 Realcomp II Ltd. Shareholders.