14490 Lakeside Cir Sterling Heights, MI 48313
- Commercial land
- 30,576 SF
- 2.09 lot acres
Current Use by Public Records
- Commercial land
Property Details for 14490 Lakeside Cir
- Lot size
- 2.09 lot acres
- Property size
- 30,576 SF
- Zone code
- O-2
- Property type
- Commercial land
- APN
- 10-10-01-106-020
- APU
- 101001106020
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9823
- Latitude
- 42.6251
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
