Property profile

13800 Lakeside Cir Sterling Heights, MI 48313

OFF-MARKET
Drive through restaurants
Property ID
US43-0905648
3,460 SF 1.36 ac lot Built 1999
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,690 square foot freestanding restaurant building presents a unique investment opportunity in the thriving Sterling Heights, Michigan market. Located at 13800 Lakeside Circle, at the intersection of Waterbury Drive and Lakeside Circle, this single-tenant property sits on a 1.36-acre lot and boasts ample parking with 59 spaces. The building is currently vacant, offering a blank canvas for a new culinary venture. The property is zoned for restaurant use, ensuring a seamless transition for prospective operators. Its strategic location offers high visibility and accessibility, placing it within a dynamic commercial area. This location is particularly advantageous due to its proximity to a major redevelopment project currently underway in Michigan, promising increased foot traffic and enhanced community growth. The property's size and parking capacity make it suitable for a variety of restaurant concepts, from casual dining to upscale establishments. This is a rare chance to establish a successful business in a prime location with significant growth potential. The property's address is 13800 Lakeside Circle, Sterling Heights, MI 48313.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 3,460 SF
Lot 1.36 ac (59,111 SF)
Zoning code C-2
APN 10-10-01-105-013
UPID US43-0905648

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13800 Lakeside Cir Sterling Heights, MI 48313-1316
Sterling Heights metro Census 230000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$815k
Blend (final) Blend
$410k

Owner & transaction history

since 2025
Last sale
$865,000
3 recorded transactions
2025
$865,000
2024
Price N/A
2018
Price N/A

Zoning & alternative use

C-2 · Sterling Heights, MI
Zoning description

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

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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