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    FOR SALE
    Commercial land

    7700 15 Mile Rd, Sterling Heights, MI 48312

    1.31 ac lot
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-1133658
    Property summary
    AI-generated overview

    This exceptional 1.31-acre commercial land parcel presents a unique investment opportunity in the thriving Sterling Heights, Michigan market. Located at 7700 15 Mile Rd, 48312, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide range of commercial ventures. The lot features impressive dimensions, measuring 260 feet of frontage along 15 Mile Road and a depth of 220 feet, providing ample space for development. Its strategic location offers unparalleled visibility and accessibility, situated near major retail anchors including a Walmart Supercenter, Target, and Meijer, ensuring high traffic volume and customer exposure. The area's robust automotive sector, with new and used car sales, service, and parts exceeding $1 billion annually on Van Dyke Road between 14 and 19 Mile Roads, further underscores the property's potential. Daily traffic counts reinforce this prime location: 30,341 vehicles pass along West 15 Mile Road, and 64,200 vehicles travel on Van Dyke (M-53) daily. This property is priced at $495,000 and represents a compelling investment for developers seeking a high-traffic, strategically located site in a dynamic commercial corridor. Don't miss this chance to acquire a piece of Sterling Heights' vibrant commercial landscape.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.31 ac (57,194 SF)
    Zoning code C-3
    APN 10-10-33-226-025
    UPID US43-1133658
    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
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    Comparable Approach Comparable
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    Owner & transaction history
    7700 15 Mile Road LLC · 5 yrs held
    7700 15 Mile Road LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    C-3 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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