5625 18 Mile Rd, Sterling Heights, MI 48314
C3-zoned building with drive-thru capabilities, deli station, and multi-unit setup with one unit leased.
- Added:
- Jul 15, 2025
- Days on Market:
- 352
- Last Refresh:
- Jun 27 at 3:40 am
Property Features for 5625 18 Mile Rd
General Information
- Standard status
- Active
- Size
- 8,750 SF
- Lot size
- 1.14 Acres
Listing office Odessa Properties (586) 242-4312
Listing date Jul 15, 2025
Source Exprealty
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HighLights
- Liquor store and business on 1.14 acres with a 8,750 SF C3‑General Business District building
- Drive‑thru capabilities make the site well‑suited for fast food or quick‑service restaurant concepts
- On‑site deli station offering subs, burgers, and sandwiches
- Building includes four units, with one unit leased for steady rental income
- Seller states the liquor store has operated in the community for over 30 years with a loyal customer base
Overview
The building is configured into four units, with one unit currently leased. The address is 5625 18 Mile Rd, Sterling Heights, MI. Public remarks indicate the liquor store has been a community staple for over 30 years.
For operators seeking a quick-service or fast-food concept, the drive-thru capability and existing restaurant/deli improvements can support a straightforward transition, while the C3 zoning offers flexibility for other retail or commercial uses consistent with the district. The seller requires proof of funds for all showings, and all inquiries should be coordinated to avoid disturbing employees.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.8k | $18.60 |
| − Vacancy | −$12.5k | −$1.43 |
| EGI | $150.2k | $17.17 |
| − OpEx | −$37.6k | −$4.29 |
| NOI | $112.7k | $12.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -83.052279
- Latitude
- 42.594705
