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    43683-43893 Schoenherr Rd Sterling Heights, MI 48313

    For Lease
    Contact for pricing

    Sterling Heights, MI: 10,880 SF Available

    Lot size:
    102,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Nottingham Square, located at 43683-43893 Schoenherr Rd in Sterling Heights, Michigan, presents a prime retail opportunity. This well-maintained, 102,000 square foot shopping center boasts a strong mix of local and national tenants, including a Kroger anchor store. Currently, 10,880 square feet of retail space is available, ideal for a variety of uses, including retail or medical. The center enjoys a highly visible location at the northwest corner of Schoenherr and Canal Roads, benefiting from high traffic counts and prominent monument signage. Situated just one mile south of the major Hall Road retail corridor, Nottingham Square is surrounded by a dense residential population exceeding 100,000 within a three-mile radius, with an average household income of $94,546. This combination of high visibility, strong demographics, and a successful tenant mix makes Nottingham Square an exceptional investment opportunity in Macomb County. The property's location in Sterling Heights, MI, zip code 48313, offers easy access to major roadways and a thriving community. This is a rare chance to secure space in a well-established, high-performing retail center.

    Property Features for 43683-43893 Schoenherr Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,880 SF

    HighLights

    • 102,000 square foot shopping center in Sterling Heights, MI with a Kroger anchor tenant.
    • 10,880 square feet of available retail space, suitable for retail or medical uses.
    • High‑visibility location at Schoenherr and Canal Roads with monument signage, one mile from Hall Road.
    • Strong demographics: over 100,000 residents within a three‑mile radius, average household income $94,546.
    • Exceptional investment opportunity in a well‑established, high‑performing retail center in Macomb County.
    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 Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9944721
    Latitude
    42.6167541

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    FAQs

    What type of property is this?
    Retail property - Sterling Heights, MI: 10,880 SF Available
    Where is this retail property located?
    The property is located at 43683-43893 Schoenherr Rd Sterling Heights, MI.
    What are key features of this property?
    This property features: 102,000 square foot shopping center in Sterling Heights, MI with a Kroger anchor tenant.; 10,880 square feet of available retail space, suitable for retail or medical uses.; High-visibility location at Schoenherr and Canal Roads with monument signage, one mile from Hall Road.
    Request Owner's contact information
    43683-43893 Schoenherr Rd Sterling Heights, MI 48313
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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
    43683-43893 Schoenherr Rd Sterling Heights, MI 48313
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