Press Releases
Marcus & Millichap Arranges Sale of Former Auto Dealership Property in Madison Heights, Michigan
August 26, 2025
MADISON HEIGHTS, Mich., Aug. 26, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 101 W. 14 Mile Rd., a former auto dealership property, in Madison Heights, Michigan.
“We saw strong interest from both developers and owner-users, which speaks to the unique versatility and high visibility of this site,” said Darin Gross, senior director investments. “The property’s location near the I-75 interchange, along with solid market fundamentals, made it a highly attractive opportunity.”
Gross, Seth Haron and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller.
The 4.7-acre property is located at a signalized intersection along 14 Mile Road, directly across from Oakland Mall and surrounded by national retailers. Zoned B-3 Regional Business, the site includes approximately 34,500 square feet of existing space. With proximity to Interstate 75 and Interstate 696, and strong local demographics, the site is well positioned for commercial, mixed-use or owner-user development.
“We saw strong interest from both developers and owner-users, which speaks to the unique versatility and high visibility of this site,” said Darin Gross, senior director investments. “The property’s location near the I-75 interchange, along with solid market fundamentals, made it a highly attractive opportunity.”
Gross, Seth Haron and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller.
The 4.7-acre property is located at a signalized intersection along 14 Mile Road, directly across from Oakland Mall and surrounded by national retailers. Zoned B-3 Regional Business, the site includes approximately 34,500 square feet of existing space. With proximity to Interstate 75 and Interstate 696, and strong local demographics, the site is well positioned for commercial, mixed-use or owner-user development.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
