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    7700 15 Mile Rd Sterling Heights, MI 48312

    Sponsored
    For Sale
    $495,000

    Prime 1.3-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.31-acre commercial land parcel presents a unique investment opportunity in the thriving Sterling Heights, Michigan market. Located at 7700 15 Mile Rd, 48312, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide range of commercial ventures. The lot features impressive dimensions, measuring 260 feet of frontage along 15 Mile Road and a depth of 220 feet, providing ample space for development. Its strategic location offers unparalleled visibility and accessibility, situated near major retail anchors including a Walmart Supercenter, Target, and Meijer, ensuring high traffic volume and customer exposure. The area's robust automotive sector, with new and used car sales, service, and parts exceeding $1 billion annually on Van Dyke Road between 14 and 19 Mile Roads, further underscores the property's potential. Daily traffic counts reinforce this prime location: 30,341 vehicles pass along West 15 Mile Road, and 64,200 vehicles travel on Van Dyke (M-53) daily. This property is priced at $495,000 and represents a compelling investment for developers seeking a high-traffic, strategically located site in a dynamic commercial corridor. Don't miss this chance to acquire a piece of Sterling Heights' vibrant commercial landscape.

    Property Features for 7700 15 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • High‑volume automotive dealership (new & used sales, service, parts) on Van Dyke, exceeding $1B in sales.
    • Exceptional 260' frontage on 15 Mile Road with 220' depth.
    • Prime location near Walmart, Target, and Meijer.
    • High traffic counts: 30,341 vehicles daily on West 15 Mile Road and 64,200 on Van Dyke (M‑53).
    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
    -83.0311579
    Latitude
    42.5507395

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    FAQs

    What type of property is this?
    Land - Prime 1.3-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 7700 15 Mile Rd Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: High-volume automotive dealership (new & used sales, service, parts) on Van Dyke, exceeding $1B in sales.; Exceptional 260' frontage on 15 Mile Road with 220' depth.; Prime location near Walmart, Target, and Meijer.
    (248) 353-0500
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    7700 15 Mile Rd 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
    7700 15 Mile Rd Sterling Heights, MI 48312
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