Investment Overview

Marcus & Millichap is pleased to present this vacant Former Auto Dealership property located at 101 W 14 Mile Road in Madison Heights, Michigan. The offering consists of two parcels totaling 4.7 acres, with multiple ingress/egress points off 14 Mile Road, Alger Avenue, W Mandoline Avenue, and Brush Street. Featuring approximately 34,500 square feet of versatile space, the property offers numerous redevelopment possibilities. Previously operated as a CARite dealership, the existing structure and layout provide a modern, well-maintained foundation for a new dealership user, allowing for significant cost savings compared to new construction. Additionally, the back half of the property is gated, offering secure outdoor storage or potential for fleet parking, further enhancing its value to automotive, logistics, or service-oriented businesses. As a high-profile vacant site in a key retail corridor, this property is primed to become an anchor for new developments, offering substantial leverage in lease negotiations or redevelopment planning. Zoned B-3 Regional Business District, the site supports large-scale commercial, retail, and mixed-use development. Strategically positioned at a lighted intersection with 256-feet of road frontage along 14 Mile Road (34,322 VPD), the property benefits from excellent visibility between Interstate-75 (151,126 VPD) and John R Road (23,152 VPD), with quick access to Interstate-696 (157,250 VPD). The Interstate-75/14 Mile Road Diverging Diamond Interchange (DDI)—Michigan’s first of its kind—was completed in 2020 to enhance traffic flow and safety. Additionally, Interstate-75’s new HOV/carpool lanes, which opened in late 2023, further improve accessibility for commuters. The property is surrounded by a major industrial and retail trade hub, with 71.6 million square feet of industrial space and 27.4 million square feet of retail within a five-mile radius. Directly across the street is Oakland Mall, a 1.5 million square-foot super-regional shopping mall anchored by Macy’s, At Home, Hobby Lobby, Dick’s Sporting Goods, and JCPenney. Other major retailers in the immediate area include Target, Best Buy, Kohl’s, Dunham’s, TJ Maxx, HomeGoods, and Barnes & Noble, driving consistent consumer traffic. Five miles southeast is the GM Tech Center, a 710-acre campus with 38 buildings, capacity for over 21,000 employees. GM recently invested $81 million at the Tech Center to manufacture the EV Cadillac Celestiq. Just 5.6 miles to the west is Corewell Health / Beaumont Royal Oak Hospital, a 1,101-bed community hospital that serves as a major academic and referral center, Level I adult trauma center, and Level II pediatric center. Ranked number two in Michigan by U.S. News & World Report, the hospital employs over 7,400 people and receives nearly 120,000 annual emergency visits. Madison Heights plays a vital role in Metro Detroit’s economy, sharing borders with Troy, Royal Oak, Hazel Park, and Warren. As part of Oakland County’s Automation Alley, the city is home to more than 1,300 commercial and industrial businesses within its 7.2 square miles. The city features 23 shopping centers, 11 hotels, over 860,000 square feet of office space, and seven industrial parks comprising 10 million square feet of industrial space. With a strong light industrial and commercial property base, Madison Heights generates 60 percent of its tax revenue from these sectors, reinforcing its economic stability. Oakland County, ranked as the ninth-wealthiest county in the U.S. among regions with populations exceeding 1 million, maintains a AAA bond rating, reflecting its strong economic foundation. Within a five-mile radius of the property, there are over 301,000 residents with an average household income exceeding $101,000, making the area highly desirable for businesses and future development. This property presents a rare opportunity to acquire a large, high-visibility site in one of Metro Detroit’s most active commercial corridors. With flexible zoning, a thriving business environment, and strong surrounding demographics, the site is well-positioned for redevelopment or an owner-user.