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    14490 Lakeside Cir Sterling Heights, MI 48313

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    For Sale
    Contact for pricing

    Luxury Senior Housing Development

    Property size:
    108,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a shovel-ready, Class A senior independent living facility in Sterling Heights, Michigan. Situated on a 3-acre lot (APN 10-10-01-106-022), this 108,060 square foot, four-story building boasts 88 units, including 56 one-bedroom units averaging 860 square feet and 32 two-bedroom units averaging 1,299 square feet. The property features two full-service elevators and is zoned RM3, allowing for high-density development. All utilities are in place, and the project has received complete approvals, including finalized architectural and engineering plans. Construction is slated for completion in 2024, offering immediate potential for a strong return on investment. This prime location in Macomb County, at 14490 Lakeside Cir, Sterling Heights, MI 48313, provides convenient access to local amenities and services, making it an ideal setting for senior independent living. The property's modern design and comprehensive amenities are poised to attract a high demand within the thriving senior housing market. This is a turnkey opportunity for an investor seeking a high-quality, fully approved senior living development.

    Property Features for 14490 Lakeside Cir

    General Information

    Property type
    Retirement homes
    Square Feet
    108,060 SF
    Class
    A
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    4
    Units
    88

    HighLights

    • RM3 High‑Density Zoning
    • 88 Units
    • Two Full‑Service Elevators
    • Approximately 3‑Acre Site
    • All Utilities Available
    • Fully Approved Plans
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -82.982901625352
    Latitude
    42.620430864417

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    FAQs

    What type of property is this?
    Retirement home - Luxury Senior Housing Development
    Where is this retirement home located?
    The property is located at 14490 Lakeside Cir Sterling Heights, MI.
    What are key features of this property?
    This property features: RM3 High-Density Zoning; 88 Units; Two Full-Service Elevators
    Request Owner's contact information
    14490 Lakeside Cir Sterling Heights, MI 48313
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    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
    14490 Lakeside Cir Sterling Heights, MI 48313
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