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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Sterling Heights, MIThe C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Sterling Heights, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
