Property profile

1999 15th Mile Rd Sterling Heights, MI 48310

OFF-MARKET
Commercial real estate
Property ID
US43-1092554
33,831 SF 7.24 ac lot Built 1950
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

County Line Plaza, located at the hard corner of 15 Mile Road and Dequindre Road in Sterling Heights, MI 48310, presents a unique opportunity for retail businesses. This 8,512 square foot, multi-tenant plaza, built in 1985 and renovated in 2024, offers spaces ranging from 1,300 to 4,000 contiguous square feet, with a minimum divisible space of 1,300 square feet. The property sits on a 7.24-acre lot and features four single-story buildings with ample parking for 400 vehicles. Currently home to established businesses like Great Expressions Dental Centers, Bangkok Cuisine, and Kung Fu Tea, the plaza benefits from significant tenant synergy and high foot traffic. One available space includes a 2,000 square foot fully equipped former bakery, complete with all fixtures, furniture, and equipment. This prime location offers unparalleled visibility and convenience, making it an ideal investment for businesses seeking a thriving commercial environment in the Macomb West submarket. The property's location provides easy access to residential areas and other commercial establishments, ensuring a steady stream of potential customers. This is a chance to join a successful retail center in a vibrant and growing community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 33,831 SF
Lot 7.24 ac (315,331 SF)
Zoning code CON JUD
APN 10-10-30-352-047
UPID US43-1092554

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency

Location

1999 15th Mile Rd Sterling Heights, MI 48310-4802
Sterling Heights metro Census 231600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.66M
Blend (final) Blend
$9.66M

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2015
$3.5M
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CON JUD · Sterling Heights, MI

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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