36851 Mound Rd Sterling Heights, MI 48310-4747
Property summary
Carmia Plaza, a thriving 6,200 square foot shopping center located at 36851 Mound Rd, Sterling Heights, Michigan 48310, presents a compelling investment opportunity. Built in 1990 and extensively renovated in 2022, this property boasts a strong tenant mix and 100% occupancy, generating a substantial net operating income (NOI) of $100,000 annually. The asking price is $1,449,000. This strategically located retail center benefits from its regional position at the intersection of 16 Mile and Mound Roads, offering excellent visibility and accessibility. The recent renovations ensure the property is in excellent condition, providing immediate value and potential for future appreciation. The current tenant mix provides a stable income stream, with added value potential through lease renewals and strategic tenant replacement. This property is an ideal acquisition for investors seeking a stable, high-performing retail investment in a desirable Michigan market. The property's strong performance and prime location make it a rare opportunity in the competitive Sterling Heights market. The 2022 renovations ensure modern amenities and appeal to a wide range of tenants. This is a turnkey operation ready for immediate income generation.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Sterling Heights, MIThe C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Sterling Heights, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
