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Property profile & analytics
OFF-MARKET Estimated value $675,000
Government properties

5775 14th Mile Rd Sterling Heights, MI 48310-6538

3,173 SF 1.19 ac lot Built 2004
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US43-5178562
Property summary
AI-generated overview

This exceptional freestanding commercial property, located at 5775 E 14 Mile Rd in Sterling Heights, Michigan, presents a unique investment opportunity. The building, formerly a bank branch, offers 3,173 square feet of vacant space, ideal for a variety of retail uses. Situated on a generous 2.81-acre lot, the property provides ample space for parking and potential expansion. The zoning designation is O-1, within Macomb County. The single-tenant occupancy allows for complete control and customization of the space. The building's previous use as a bank branch suggests a robust structure and potentially desirable features. This property is perfect for businesses seeking high visibility and accessibility in a thriving Sterling Heights location. The 48310 zip code offers a strong demographic profile. The property's size and location make it an attractive option for a wide range of retail businesses. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property is currently available for lease.

Property profile
Verified
Property type Government properties
Use group CENTRALLY ASSESSED
Year built 2004
Total area 3,173 SF
Lot 1.19 ac (51,619 SF)
Zoning code O-1
APN 10-10-32-480-009
UPID US43-5178562
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
$677k
Blend (final) Blend
$675k
Owner & transaction history
Jv Mixed Fifteen Br Hol Cre · 19 yrs held
Jv Mixed Fifteen Br Hol Cre
since 2006
3 recorded transactions
2006
$1.6M
2006
Price N/A
2004
Price N/A
Zoning & alternative use
O-1 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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

Zone name Business And Professional Office
General category COMMERCIAL
Zone area 309.71 ac
Source Realmo
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