For Sale
$150,000

3775 15 Mile Rd Sterling Heights, MI 48310

Prime Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 950-square-foot storefront, located at 3775 15 Mile Rd in Sterling Heights, Michigan (zip code 48310), presents a lucrative investment opportunity. Currently operating at 100% occupancy under a net lease with five years remaining, this property boasts a strong 7.00% cap rate and a price per square foot of $157.89. The asking price is $150,000. Built in 1978, the building is zoned for commercial use and features attractive ceramic tile floors and custom-designed interiors. Situated in a high-traffic area at a busy intersection, this single-tenancy retail space benefits from ample parking, making it highly accessible to customers. All systems are in place for immediate business operation, offering a turnkey solution for a discerning buyer. The property's location within Macomb County, Michigan, provides excellent visibility and access to a thriving consumer base. This is a rare opportunity to acquire a well-established, profitable retail space in a desirable location. The property is ready for immediate occupancy and offers a seamless transition for a new business owner.

Highlights

  • 950 SF retail storefront at 3775 15 Mile Rd, Sterling Heights, MI 48310.
  • Net-leased, 100% occupancy, five years remaining.
  • 7.00% cap rate, $150,000 asking price, $157.89/SF.
  • High-traffic location with ample parking.
  • Turnkey operation, ceramic tile floors, custom interiors.

Property Details for 3775 15 Mile Rd

Property type
Retail properties, Retail space
Square Feet
950 SF
Year Built
1978

Location Insight

City
Sterling Heights
County
Macomb
State
Michigan
Latitude
42.5508646
Longitude
-83.0698807

FAQs

What type of property is this?
Retail property - Prime Retail Space, High Traffic Area
Where is the retail property located?
The property is located at 3775 15 Mile Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 950 SF retail storefront at 3775 15 Mile Rd, Sterling Heights, MI 48310.; Net-leased, 100% occupancy, five years remaining.; 7.00% cap rate, $150,000 asking price, $157.89/SF.
How can I contact the broker?
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3775 15 Mile Rd
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