37217 Utica RdSterling Heights, MI 48312

Property Details for 37217 Utica Rd

Lot size

13.76 AC

Zone code

C-3

Property type

Land

Property subtype

Commercial land

APN

10-10-24-479-004

APU

101024479004

Description

This exceptional 13.76-acre commercial land parcel presents a remarkable investment opportunity in the thriving Sterling Heights, Michigan market. Located at 37217 Utica Road, this property boasts a prime location at the crossroads of Utica Road and Hayes Road, ensuring unparalleled visibility and accessibility. The site is zoned C-3 General Business, allowing for a diverse range of commercial uses, including the currently proposed multifamily and retail development. With 1,031 feet of frontage along Utica Road, this property offers significant exposure to high traffic volumes. The strategic location at a signalized intersection further enhances visibility and accessibility for potential customers and tenants. The property's strong area demographics contribute to its high potential for return on investment. The asking price is $1,300,000, translating to $94,477 per acre. The parcel's APN is 10-24-479-004. This is a rare opportunity to acquire a substantial commercial land holding in a highly desirable location with excellent growth potential. Don't miss this chance to capitalize on the vibrant Sterling Heights market.

• Alternative Use

  Use

  Valuation

  Residential

  $142,650,144

  Hospitality

  $130,666,760

  Educational

  $108,713,216

  Medical

  $112,452,024

  Retail

  $169,109,440

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.5691

Longitude

-82.9728

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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