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Property profile & analytics
FOR LEASE
Drive through restaurants

43761 Schoenherr Rd Sterling Heights, MI 48313

6,122 SF 1.01 ac lot Built 2004
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1346725
Property summary
AI-generated overview

This exceptional retail or restaurant opportunity is located at 43761 Schoenherr Road in Sterling Heights, Michigan, within a thriving Kroger-anchored shopping center. The property offers a total of 6,375 square feet of space, currently entirely vacant and available for lease. Two spaces are available, each ranging from 3,125 to 3,250 contiguous square feet, providing flexibility for various business needs. The maximum contiguous space available is 3,250 square feet. The property is ideally situated in a high-traffic area surrounded by established national retailers and restaurants, ensuring excellent visibility and customer access. Ample parking is provided with 21 spaces available for patrons and employees. The property's location in Macomb County, Michigan, zip code 48313, offers easy access to major roadways and a dense residential population. This is a rare opportunity to establish a business in a prime retail location with a drive-thru option, perfect for restaurants or businesses requiring convenient customer access. The property is part of a two-tenant retail strip, offering a strong co-tenancy advantage. Interested parties should inquire for lease terms and conditions. The property is classified as commercial and restaurant space, suitable for multiple tenants.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2004
Total area 6,122 SF
Lot 1.01 ac (43,908 SF)
Zoning code C-2
APN 10-10-02-431-002
UPID US43-1346725
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
$1.44M
Blend (final) Blend
$1.44M
Owner & transaction history
Nottingham Commercial LLC · 2 yrs held
Nottingham Commercial LLC
since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.2M +32.8%
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