13620 Northbay Dr Sterling Heights, MI 48313
For Lease
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This 3,782 sq ft Sterling Heights, MI property at 13620 Northbay Dr offers a unique investment opportunity. Currently vacant, this single-story Class A building features two suites, with a minimum divisible space of 1,500 sq ft and a maximum contiguous space of 3,782 sq ft. The property boasts a coveted drive-thru, ample parking (25 spaces), and 220-volt power. Located near the intersection of Hall Rd and Schoenherr Rd, it benefits from high traffic counts (35,000-40,000 VPD) and proximity to Lakeside Mall, slated for a major redevelopment project by late 2025, including residential, retail, hotel, and community center components. The 1,223-acre lot is zoned C2 with a drive-thru allowance, making it ideal for various uses including medical, office, and quick-service restaurants. Interior demolition is complete. Property taxes are $7 per square foot. The building was constructed in 1979. This location offers high visibility and easy access to major roads and amenities. The property is suitable for lease in its entirety or as individual suites.
This district is intended to provide a combination of convenience and comparison retail goods and services serving the needs of a broader market area than several neighborhood areas, as is the case with the C-1 district
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
C-2 · Sterling Heights, MIThis district is intended to provide a combination of convenience and comparison retail goods and services serving the needs of a broader market area than several neighborhood areas, as is the case with the C-1 district
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.