Madison Heights, MI 48071,1241 E ELEVEN MILE RD
$700,000
$815,000
14.1%
Est.Price: ?

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22,226 SqFt

1241 E ELEVEN MILE RD Madison Heights, MI 48071

Est. payment /mo
SOLD DATE : 05/16/2019

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Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Industrial,Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 22,226 sqft

Price per Sqft $31

MLS Listing ID 218015237

Sold Date 05/16/19

Originating Board Realcomp II Ltd

Year Built 1959

Annual Tax Amount $19,855

Lot Size 1.710 Acres

Acres 1.71

Lot Dimensions 201x369

Property Description

Great building and location in Madison Heights. Zoned Manufacturing Light Industrial with 22,226 square feet on almost 1.7 acres. Front of the building is lobby, professional offices, conference rooms, presentation rooms, IT, mechanical room and storage areas is 5,671+/- sq ft. The warehouse, shop back offices and shipping area is 16,500+/- sg ft. Ceilings in warehouse are 15 feet average with 2 overhead doors, Phase 3 Electric and 7.5 Ton Crane. Large parking lot and fenced rear yard. Location is ideal for quick, easy access to I-696 and I-75 both within 5 minutes. Super visibility for a business. Good traffic counts of almost 34,000 vehicles a day on Eleven Mile. Seller may consider Land Contract terms with full credit approval of Buyer: $300,000 down payment, 7% percent interest, monthly payment of $5,500 for principal and interest, 5 years with a balloon mortgage payment. DO NOT DISTURB THE BUSINESS. All showing are by appointment only during week days. Buyer to verify information.

Location

State MI

County Oakland

Area Madison Heights

Zoning Commercial,Light Industrial,Office

Direction North side of E. Eleven Mile Road between John R and Dequindre

Interior

Hot Water Natural Gas

Heating Central Air, Forced Air, Space Heater, Other

Heat Source Natural Gas

Exterior

Pool No

Utilities Available 3 Phase Power, Employee Lunch/Lounge

Roof Type Asphalt,Built-Up,Rubber,Other

Road Frontage Paved, Pub. Sidewalk

Building

Foundation Slab

Sewer Sewer-Sanitary

Water Municipal Water

Level or Stories 1 Story

Structure Type Block/Concrete/Masonry,Brick,Other

Schools

School District Madison (Madison Hts.)

Others

Tax ID 2513401019

Ownership Private Owned,Short Sale - No

SqFt Source City

Acceptable Financing Cash, Conventional, Covenant Deed, Land Contract

Listing Terms Cash, Conventional, Covenant Deed, Land Contract

Financing Cash,Conventional,Covenant Deed,Land Contract

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Realcomp MLS
Listed by Century 21 Campbell Realty
Bought with Century 21 Campbell Realty

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Barrett Real Estate

+1(480) 864-2100

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