Property summary
This exceptional 950-square-foot storefront, located at 3775 15 Mile Rd in Sterling Heights, Michigan (zip code 48310), presents a lucrative investment opportunity. Currently operating at 100% occupancy under a net lease with five years remaining, this property boasts a strong 7.00% cap rate and a price per square foot of $157.89. The asking price is $150,000. Built in 1978, the building is zoned for commercial use and features attractive ceramic tile floors and custom-designed interiors. Situated in a high-traffic area at a busy intersection, this single-tenancy retail space benefits from ample parking, making it highly accessible to customers. All systems are in place for immediate business operation, offering a turnkey solution for a discerning buyer. The property's location within Macomb County, Michigan, provides excellent visibility and access to a thriving consumer base. This is a rare opportunity to acquire a well-established, profitable retail space in a desirable location. The property is ready for immediate occupancy and offers a seamless transition for a new business owner.
Property profile
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Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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