Property summary
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
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Zoning & alternative use
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
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2022Property 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Sterling Heights, MI.
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