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Retail Space
For Lease
$4,693/Mo

43722 Schoenherr, Sterling Heights, MI 48313

Existing retail space in a building constructed in 1989.

Space SizeContact for details
Days on Market55

Property Features for 43722 Schoenherr

General Information

Standard status Active
Listing Agency: Community Choice Realty Inc
Listed By: Fadi Akkam · License #423330
Source: Sellinghomesinmichigan
Added: Sep 8 Changed: Oct 26 Last Checked: Oct 6 at 12:19AM

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 Community Choice Realty Inc

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Investment Insights

Based on property information with market context.

Retail space located at 43722 Schoenherr Rd in Sterling Heights, Michigan. The building was constructed in 1989.

Key Highlights

  • Retail space at 43722 Schoenherr Rd, Sterling Heights, MI 48313
  • Building constructed in 1989

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Restaurant

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

967
Businesses Nearby
206k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 34% Groceries 27% Shops & Services 19% Dining 19%
Kohl's Apparel
70,156 visits/mo 0.2 miles
Kroger Groceries
56,305 visits/mo 0.2 miles
McDonald's Dining
20,197 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
18,805 visits/mo 0.0 miles
7-Eleven Shops & Services
11,823 visits/mo 0.4 miles

Demographics for 48313, MI

34,169
Population
14,288
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
92%
High-School Grad
8.7 sq mi
ZIP Area
3,927
Density / Sq Mi
$87,292
Median Household Income
$47,668
Median Earnings
$1,152
Median Rent
$248,800
Median Home Value

Market

Lease Benchmarks for Sterling Heights, MI

$24.21 /SF/Yr
Avg Asking Price
$4.53–$100 /SF/Yr
Price Range
27,935 SF
Avg Space Size

This space is priced 34% below the average of $24.21 /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

Frequently Asked Questions

What type of property is this?
Retail space - Existing retail space in a building constructed in 1989.
Where is this retail space located?
The property is located at 43722 Schoenherr Sterling Heights, MI.
What is the lease rate?
The lease rate is $4,693/Mo.
What are key features of this property?
This property features: Retail space at 43722 Schoenherr Rd, Sterling Heights, MI 48313; Building constructed in 1989
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