43632 Schoenherr Rd Sterling Heights, MI 48313-1113

Property Details for 43632 Schoenherr Rd

Year built

1989

Lot size

3.88 lot acres

Zone code

C-2

Property type

Commercial real estate

APN

10-10-01-310-019

APU

101001310019

Description

Lakeview Square Shopping Center presents a prime retail and restaurant investment opportunity in the thriving Sterling Heights submarket. This Class B property, built in 1987, comprises two single-story buildings totaling 30,600 square feet and offering 13 suites. Currently, 3,470 square feet are vacant, divisible into units ranging from a minimum of 1,700 square feet to a maximum contiguous space of 4,900 square feet. The center boasts a diverse tenant mix and benefits from its strategic location at the northeast corner of Canal and Schoenherr Roads, a high-traffic area in the northeast metro-Detroit market. Its proximity to Lakeside Mall and Hall Road, coupled with the addition of a Kroger Fuel Center outparcel in 2016, ensures high visibility and customer traffic. The property features ample parking with 240 spaces, although elevators are not available. Recent improvements include a new parking lot (2016), a new digital road sign (2017), and ongoing landscaping and other updates, demonstrating the owner's commitment to maintaining the center's appeal. This well-maintained center offers a compelling opportunity for businesses seeking a strong presence in a dynamic retail corridor. The property is ideally suited for a variety of retail and restaurant concepts, providing flexible space options to accommodate diverse needs. Consider this exceptional opportunity to establish or expand your business in a high-demand location.