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Property profile & analytics
OFF-MARKET
Land

15170 15 Mile Rd Sterling Heights, MI 48312

Property ID
US43-1560642
Property summary
AI-generated overview

This exceptional 2.34-acre parcel in Sterling Heights, Michigan, presents a remarkable development opportunity. Currently zoned for residential use, it offers the potential to construct 32-40 condominium units. However, its strategic location and potential for future mixed-use zoning also make it ideal for boutique retail or a mixed-use project, subject to necessary approvals. Significant site preparation has already been completed, including the removal of 32 trees, significantly reducing development hurdles. The property enjoys a tranquil setting, attracting local wildlife, while simultaneously benefiting from proximity to established neighborhoods, schools, shopping, dining, and major roadways. Utilities are readily accessible. This property's blend of serene surroundings and convenient location, coupled with its development potential, makes it a compelling investment for both residential and mixed-use ventures. The asking price is $1,200,000. Located at 15170 15 Mile Rd, Sterling Heights, MI 48312.

Property profile
Verified
Property type Land
UPID US43-1560642
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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