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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

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    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).
    (313) 363-1010
    Request Owner's contact information
    37980 Commerce Dr Sterling Heights, MI 48312
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    Sterling Heights, MI 48312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37980 Commerce Dr Sterling Heights, MI 48312
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