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    FOR LEASE
    Retail space

    39036 Dequindre Rd, Sterling Heights, MI 48310-1701

    5,122 SF 0.89 ac lot Built 1995
    Individually Owned 21-yr Hold Free & Clear
    Property ID
    US43-1191721
    Property summary
    AI-generated overview

    This exceptional 5,122 square foot retail shopping center, located at 39036 Dequindre Road in Sterling Heights, Michigan, presents a prime leasing opportunity. Situated on a 0.89-acre lot, this multi-tenant property is zoned C-1, offering significant flexibility for a variety of retail uses. Currently, there is 3,000 square feet of readily available space, perfect for an expanding business or a new venture seeking high visibility. The property's strategic location in the thriving Sterling Heights market ensures excellent exposure to a large customer base. The existing building provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a quick start to operations. This is an ideal opportunity for businesses seeking a well-located, established retail space in a high-demand area. The property's convenient access and ample parking further enhance its appeal to both businesses and customers. With its prime location in Macomb County and a readily available space, this property offers a unique chance to establish or expand a successful retail operation. The 0.89-acre lot provides ample space for potential future expansion or outdoor amenities. This is a rare opportunity to secure a well-positioned retail space in a dynamic and growing market. Contact us today to learn more about this exceptional property and schedule a viewing.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1995
    Total area 5,122 SF
    Lot 0.89 ac (38,551 SF)
    Zoning code C-1
    APN 10-10-18-351-015
    UPID US43-1191721
    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
    $858k
    Blend (final) Blend
    $860k
    Owner & transaction history
    Hoogland Family Foundation · 21 yrs held
    Hoogland Family Foundation
    since 2005
    1 recorded transaction
    2005
    Zoning & alternative use
    C-1 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $965,000 +80.5%
    Restaurant $725,000 +35.9%
    Medical building $630,000 +17.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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