3775 15 Mile Rd Sterling Heights, MI 48310
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.