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    7251 14 Mile Rd Sterling Heights, MI 48312

    Sponsored
    For Sale
    $295,000

    2.5-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.5-acre commercial land parcel presents a remarkable investment opportunity in the thriving Sterling Heights, Michigan market. Located at 7251 14 Mile Road, this property boasts a highly desirable Planned Center District (PCD) zoning designation, offering a wide range of development possibilities. Its strategic location within a Walmart outlot ensures high visibility and accessibility, surrounded by other major national retailers including Menards, Value City Furniture, AutoZone, and Aldi. This prime location benefits from significant traffic volume, exceeding 65,000 vehicles per day at the intersection of 14 Mile Road and Van Dyke. Sterling Heights, the second largest suburb in Metro Detroit and fourth largest city in Michigan, provides a substantial and diverse customer base. The property offers multiple ingress/egress points from both 14 Mile Road and Van Dyke, enhancing convenience and accessibility for potential businesses. The asking price for this exceptional property is $295,000. This presents a unique chance to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area. The property is available for sale, ground lease, or build-to-suit options, providing flexibility for various development scenarios. Don't miss this opportunity to secure a prime piece of commercial real estate in a high-traffic, retail-rich area of Sterling Heights. The property's address is 7251 14 Mile Rd, Sterling Heights, MI 48312.

    Property Features for 7251 14 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre site available for sale, ground lease, or build‑to‑suit in Sterling Heights, MI, on 14 Mile Road.
    • Walmart outparcel with strong co‑tenancy including Menards, Value City Furniture, AutoZone, and Aldi.
    • High‑traffic location in Sterling Heights, MI, the fourth largest city in Michigan, offering a large and diverse customer base.
    • Excellent access with multiple ingress/egress points from 14 Mile and Van Dyke Roads, boasting over 65,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -83.033953
    Latitude
    42.537064

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    FAQs

    What type of property is this?
    Land - 2.5-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 7251 14 Mile Rd Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 2.5-acre site available for sale, ground lease, or build-to-suit in Sterling Heights, MI, on 14 Mile Road.; Walmart outparcel with strong co-tenancy including Menards, Value City Furniture, AutoZone, and Aldi.; High-traffic location in Sterling Heights, MI, the fourth largest city in Michigan, offering a large and diverse customer base.
    Request Owner's contact information
    7251 14 Mile Rd 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
    7251 14 Mile Rd Sterling Heights, MI 48312
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