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    Property profile & analytics
    OFF-MARKET Estimated value $12,285,000
    Grocery and convenience stores

    3605 15th Mile Rd, Sterling Heights, MI 48310-5356

    102,041 SF 13.83 ac lot Built 1978
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-1587221
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents two available spaces within a thriving Sterling Heights shopping center, strategically located at the intersection of 15 Mile and Ryan Road, in the Sterling Heights submarket. The property, known as Dream Market Anchored Center, boasts a total of 6,530 square feet of vacant space, ideally suited for multiple tenants. One space offers 1,430 square feet, while the second provides a more substantial 5,100 square feet. The building is a single structure, perfectly positioned to capitalize on the high foot traffic generated by the center's established businesses. This bustling neighborhood shopping center attracts a significant daily shopper volume, ensuring exceptional visibility and a prime location for any business seeking to establish or expand its presence. The property's location within the heart of the community guarantees access to a large and loyal customer base. This is a rare chance to secure a highly desirable retail space in one of Sterling Heights' most sought-after commercial locations, offering unparalleled potential for growth and success. The property type is classified as Retail, Office, and Restaurant, making it versatile and adaptable to a range of business needs. The tenancy is multiple, allowing for a diverse mix of businesses to thrive within the center. Don't miss this opportunity to become part of a vibrant and successful commercial hub.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1978
    Total area 102,041 SF
    Lot 13.83 ac (602,435 SF)
    Zoning code C-2
    APN 10-10-30-476-048
    UPID US43-1587221
    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
    $13.46M
    Blend (final) Blend
    $12.29M
    Owner & transaction history
    Hatherly Land Holdings LLC · 4 yrs held
    Hatherly Land Holdings LLC
    since 2022
    Last sale
    $11.5M
    2 recorded transactions
    2022
    $11.5M
    2021
    Zoning & alternative use
    C-2 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $14.5M +35.9%
    Medical building $12.5M +17.7%
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