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Red Roof Inn Detroit - Royal Oak/ Madison 32511 Concord Dr 108 Room Hotel Madison Heights, MI 48071 $6,200,000 ($57,407/Room)
Investment Highlights
- 2025 Occupancy 80.09%
- Renovated to Red Roof inn Standards 2022 - 2023
- 2024 Occupancy 84.98%
Executive Summary
Madison Heights hotel demand is driven by its location within Oakland County's "Automation Alley" with strong corporate, manufacturing, and industrial business from the area's 1,300 businesses including firms like Henkel North America and various auto suppliers. The proximity to I-75 Expressway and 14 mile rd. provides access to medical centers, shopping malls, area attractions and the surrounding suburbs.
Property Facts
| Price | $6,200,000 | Building Size | 32,640 SF |
| Price Per Room | $57,407 | No. Rooms | 108 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1982/2023 |
| Property Type | Hospitality | Parking Ratio | 3.37/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.03 AC | ||
| Zoning | B-3 GEN | ||
| Price | $6,200,000 |
| Price Per Room | $57,407 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.03 AC |
| Building Size | 32,640 SF |
| No. Rooms | 108 |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2023 |
| Parking Ratio | 3.37/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B-3 GEN |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 32511 CONCORD DR , MADISON HEIGHTS, MI 48071
Rare opportunity to purchase a motel with high occupancy in a dynamic metro suburban location
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 108 | $75.00 | - |
Property Taxes
| Parcel Number | 25-02-201-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,245,240 |
Property Taxes
Parcel Number
25-02-201-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,245,240
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Videos
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Photos
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Presented by
Hotel Ventures International
Red Roof Inn Detroit - Royal Oak/ Madison | 32511 Concord Dr
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