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High-Visibility Retail Plaza for Lease
For Lease
$18 SF/Yr

1999 15 Mile Road, Sterling Heights, MI 48310

Dominant corner location with high foot traffic and ample parking.

Space Size1,500 SF - 3,150 SF
Property Size8,512 SF
Days on Market221

Property Features for 1999 15 Mile Road

General Information

Standard status Active
Size 1,500 SF - 3,150 SF
Property subtype Retail
Lease Term Gross; NNN

Building Details

Building Size 8,512 SF
Year Built 1985

Spaces For Lease

at 1999 15 Mile Road Contact us

2003

Size 1,500 SF
Term Negotiable
Rate Contact for pricing
Contact us

2141

Size 1,500 SF
Term Negotiable
Rate Contact for pricing
Contact us

Former Doctor's Office

Size 1,500 SF
Term Negotiable
Rate Contact for pricing
Contact us

Former Photography

Size 3,150 SF
Term Negotiable
Rate Contact for pricing
Contact us

2135 $18/SF/Yr

Size 1,500 SF
Term Negotiable
Contact us
Listing Agency: Keystone Commercial Real Estate
Listed By: Kathleen Garmo · License #6501415998
Source: Keystonecres
Added: Mar 26 Changed: Oct 25 Last Checked: Oct 30 at 11:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keystone Commercial Real Estate

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Investment Insights

Based on property information with market context.

This retail plaza is situated at the dominant hard corner of 15 Mile Road and Dequindre, offering high visibility and foot traffic. The plaza provides approximately 400 surface parking spaces. Current tenants include Great Expressions Dental Centers, Bangkok Cuisine, and Kung Fu Tea. Located in Sterling Heights, Michigan, at the northeast corner of the 15 Mile Road and Dequindre Road intersection, the area features a mix of commercial and residential properties. The intersection is a hub of activity with various shops and restaurants. Further along 15 Mile Road, residential neighborhoods dominate, featuring tree-lined streets and parks. As the road extends eastward, the urban density decreases, giving way to more open spaces and greenery. 15 Mile Road serves as a vital artery in Sterling Heights, connecting its residents to both commercial amenities and residential tranquility.

Key Highlights

  • Dominant hard corner location at 15 Mile Road and Dequindre, offering high visibility and foot traffic.
  • Ample parking with approximately 400 surface spaces.
  • Established tenant synergy with esteemed businesses such as Great Expressions Dental Centers, Bangkok Cuisine, and Kung Fu Tea.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Gym & Fitness Center Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

466
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 79% Groceries 18% Shops & Services 4%
Kung Fu Tea Dining
7,020 visits/mo 0.2 miles
Bangkok Cuisine Dining
2,288 visits/mo 0.1 miles
Sweet Factory Groceries
2,098 visits/mo 0.5 miles
Muffler Man Shops & Services
439 visits/mo 0.1 miles

Demographics for 48310, MI

43,709
Population
15,399
Households
2.8
Avg Household Size
41
Median Age
28%
College-Educated
83%
High-School Grad
8.8 sq mi
ZIP Area
4,967
Density / Sq Mi
$77,851
Median Household Income
$35,457
Median Earnings
$1,368
Median Rent
$263,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Sterling Heights, MI

$14.29 /SF/Yr
Avg Asking Price
$10–$18 /SF/Yr
Price Range
48,833 SF
Avg Space Size

This space is priced 26% above the average of $14.29 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • County Line Plaza — Dequindre Rd, Sterling Heights, MI 48310

Frequently Asked Questions

What type of property is this?
Shopping center - Dominant corner location with high foot traffic and ample parking.
Where is this shopping center located?
The property is located at 1999 15 Mile Road Sterling Heights, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Dominant hard corner location at 15 Mile Road and Dequindre, offering high visibility and foot traffic.; Ample parking with approximately 400 surface spaces.; Established tenant synergy with esteemed businesses such as Great Expressions Dental Centers, Bangkok Cuisine, and Kung Fu Tea.
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