Individually Owned Property summary
This exceptional 2,694 square foot commercial property, located at 5600 15 Mile Rd in Sterling Heights, Michigan, presents a unique investment opportunity. The vacant building, built in 1940, sits on a 0.94-acre lot (200.00 x 264.00 feet) with 200 feet of road frontage. Zoned for commercial use (APN 1032226030), this single-story structure offers a blank canvas for various business ventures or renovations. The property features a poured basement foundation, forced-air natural gas heating, and is connected to public sewer and municipal water. Its prime location, two blocks west of Mound Road and on the south side of 15 Mile Road, provides easy access to major thoroughfares, shopping centers, restaurants, and other amenities. The building's existing structure, combined with the spacious lot, allows for potential expansion or customization to suit specific business needs. This property is offered at $449,900 and represents a strong investment opportunity in a desirable Sterling Heights location. The property is currently vacant, allowing for immediate occupancy and customization. Buyers are encouraged to conduct their own due diligence.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The O-1 Business and Professional Office District is designed to provide a suitable environment for various types of office uses performing administrative, professional and related service occupations
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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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
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
O-1 · Sterling Heights, MIThe O-1 Business and Professional Office District is designed to provide a suitable environment for various types of office uses performing administrative, professional and related service occupations
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 O-1 in Sterling Heights, MI.
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