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1241 E ELEVEN MILE RD Madison Heights, MI 48071
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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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Bought with Century 21 Campbell Realty