42700 Schoenherr Rd Sterling Heights, MI 48313
- Office buildings
- 12,220 SF
- 1.42 lot acres
Current Use by Public Records
- Office buildings
Property Details for 42700 Schoenherr Rd
- Year built
- 1990
- Lot size
- 1.42 lot acres
- Property size
- 12,220 SF
- Zone code
- O-1
- Property type
- Office buildings
- APN
- 10-10-12-100-033
- APU
- 101012100033
Description
This 12,000 square foot office building, located at 42700 Schoenherr Rd in Sterling Heights, Michigan, 48313, is available for sale at $1,200,000. The property is currently vacant and offers a unique opportunity for owner-users. Built in 1988, the building is classified as Class C and features four units, suitable for a variety of office uses. The permitted zoning is OFFICE/MEDICAL, making it ideal for creative office spaces, medical practices, or traditional office setups. The building boasts ample parking and enjoys a convenient location on the east side of Schoenherr Road, south of 19 Mile Road, with easy access to M-59 Hall Road. The property's Net Operating Income (NOI) is currently $0 due to vacancy, presenting a chance for significant return on investment for a buyer who can lease or occupy the space. This is a rare opportunity to acquire a substantial office building in a desirable Sterling Heights location. The property is being offered for sale by owner.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9914
- Latitude
- 42.6085
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
