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Description

Absolute Net Lease. Zero responsibility for the landlord. Global tenant who has occupied the property since 2003. Three years remaining on the lease with two five-year options to extend. One-third of the property is still vacant for huge potential income from warehouse building or additional tenants.Jared, The Galleria of Jewelry is located across from Oakland Mall, a 1,500,000 SF center anchored by Macys, At Home, and JCPenney.All measurements approximate. Agent to verify.

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-20T13:58:51.753.
www.nexushomesearch.com/homes/117417516
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451 W 14 MILE Road Madison Heights, MI 48071

  • Price: $4,800,000
  • Status: Active
  • Updated: 23 min ago
  • ID#: 2210037415
0
Beds
0
Baths
0
½ Baths
1.29
Acres
5,852
SQFT
$820
$/SQFT
2003
Built
Neighborhood:
John R Clawson Sub
County:
Oakland
Area:
Madison Heights
School District:
LAMPHERE
Property Description
Absolute Net Lease. Zero responsibility for the landlord. Global tenant who has occupied the property since 2003. Three years remaining on the lease with two five-year options to extend. One-third of the property is still vacant for huge potential income from warehouse building or additional tenants.Jared, The Galleria of Jewelry is located across from Oakland Mall, a 1,500,000 SF center anchored by Macys, At Home, and JCPenney.All measurements approximate. Agent to verify.
Exterior Features

Architecture Level 1 Story Construction Materials BrickStone Foundation Details Slab Foundation Materials BrickStoneOther Lot Size Dimensions 425.00X136.00 Road Frontage Feet 425 Road Frontage Type Class B Waterfront YN No

Interior Features

Heating Cooling Central Air Heating Fuel Natural Gas Room Count 0

Property Features

Assessment 0 Commercial Type Commercial Current Use Retail Building Encroachment YN No Gross Scheduled Income 0.00 Land Contract YN No Listing Financing CashConventional Monthly Sales 0 Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Private OwnedShort Sale - No Possession At Close Postal City Madison Heights Protection Period 180 Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 25001.0000 Tax Amount Winter 5982.0000 Title Private - Owned Total Tax 30983.0000 Unparsed Address 451 W 14 MILE RD Water Source Municipal Water Zoning Commercial

IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-20T13:58:51.753.
 
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RE/MAX Nexus
255 E. Brown St - Suite 205
Birmingham MI, 48009