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Property profile & analytics
FOR SALE
Commercial land

14490 Lakeside Cir Sterling Heights, MI 48313

30,576 SF 2.09 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US43-1122561
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a shovel-ready, Class A senior independent living facility in Sterling Heights, Michigan. Situated on a 3-acre lot (APN 10-10-01-106-022), this 108,060 square foot, four-story building boasts 88 units, including 56 one-bedroom units averaging 860 square feet and 32 two-bedroom units averaging 1,299 square feet. The property features two full-service elevators and is zoned RM3, allowing for high-density development. All utilities are in place, and the project has received complete approvals, including finalized architectural and engineering plans. Construction is slated for completion in 2024, offering immediate potential for a strong return on investment. This prime location in Macomb County, at 14490 Lakeside Cir, Sterling Heights, MI 48313, provides convenient access to local amenities and services, making it an ideal setting for senior independent living. The property's modern design and comprehensive amenities are poised to attract a high demand within the thriving senior housing market. This is a turnkey opportunity for an investor seeking a high-quality, fully approved senior living development.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 30,576 SF
Lot 2.09 ac (90,866 SF)
Zoning code O-2
APN 10-10-01-106-020
UPID US43-1122561
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.76M
Blend (final) Blend
$5.76M
Owner & transaction history
Salvatore Dimercurio · 4 yrs held
Salvatore Dimercurio
since 2022
2 recorded transactions
2022
Price N/A
2022
Price N/A
Zoning & alternative use
O-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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