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37980 Commerce Dr Sterling Heights, MI 48312

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For Sale
$695,000

Paved, fenced lot with tenant in place until 2025.

Property size:
6,184 SF
Lot size:
0.63 Acres

Property Features for 37980 Commerce Dr

General Information

Size
6,184 SF
Lot size
0.63 Acres

Source: Signature Associates Agent Christopher J. Monsour

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fenced Lot on Commerce Drive

This property features a concrete, paved, and fenced lot. Please note that the cell tower on the property is not included in the sale. The property is currently under an absolute net lease with a tenant in place until December 31, 2025. The lease specifies a monthly rent of $3,000 as of January 1, 2024, increasing to $3,125 per month as of January 1, 2025. The property is located on Commerce Drive in Sterling Heights, MI and has a size of 6,184 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sterling Heights
County
Macomb
State
Michigan
Longitude
-83.045165
Latitude
42.57302

FAQs

What type of property is this?
Industrial property - Paved, fenced lot with tenant in place until 2025.
Where is this industrial property located?
The property is located at 37980 Commerce Dr Sterling Heights, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: - Existing lease in place until December 31, 2025, providing immediate income.; - Absolute Net Lease structure.; - Increasing monthly rental income: $3,000 (1-1-24) and $3,125 (1-1-25).
More about this property
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