44801-44975 Hayes Rd Sterling Heights, MI 48313
- Lifestyle centers
- 88,350 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 44801-44975 Hayes Rd
- Property size
- 88,350 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Eastlake Commons, a Class C retail shopping center, presents a compelling investment opportunity in the thriving Sterling Heights, Michigan market. Located at 44800-44975 Hayes Rd, this property boasts a total building area of 88,350 square feet situated on a generous 8.29-acre lot. Currently, there is significant vacancy, totaling 54,661 square feet, offering substantial potential for lease-up and increased revenue. The center is zoned for Retail/Commercial use, allowing for a diverse range of tenants. The existing structure provides multiple tenancy options, with spaces available ranging up to 4,700 square feet and larger. Its prime location in Macomb County, within the bustling city of Sterling Heights, ensures high visibility and accessibility for potential tenants and customers. This property represents a unique chance to acquire a well-positioned retail center with considerable upside potential. The substantial vacant space provides an excellent opportunity for redevelopment or lease-up to maximize profitability. The property's size and zoning flexibility offer a wide range of possibilities for future development and tenant diversification. This is an ideal acquisition for investors seeking a value-add opportunity in a strong retail market. The property's location in Sterling Heights, MI, zip code 48313, offers easy access to major transportation routes and a dense population base.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -83.411
- Latitude
- 42.5086
