Government
30755 Montpelier
30755 Montpelier, Madison Heights, MI 48071
Listing Price: $3,650,000
Investment Overview
The Subject property consists of a 26,595 square foot building currently leased to the State of Michigan, Department of Health and Human Services. The subject property was constructed circa 1990 (per property records) and offers the opportunity for an investor to acquire an asset with superior cash flow, at a compelling intrinsic value of only $137 per square foot.
Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area.
Exclusively Listed By
Broker of Record
Listing Price: $3,650,000
Investment Highlights
- Superior cash flow with 9.42% CAP rate as of 1/1/2027.
- Newer 1990 construction on spacious parcel
- Strong Guarantee from State of Michigan with in-demand Department of Health & Human Services as tenant that is heavily utilized by local population.
Investment Overview
The Subject property consists of a 26,595 square foot building currently leased to the State of Michigan, Department of Health and Human Services. The subject property was constructed circa 1990 (per property records) and offers the opportunity for an investor to acquire an asset with superior cash flow, at a compelling intrinsic value of only $137 per square foot. Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area.
Exclusively Listed By
Broker of Record
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