5600 15 Mile RdSterling Heights, MI 48310

  • Commercial real estate
  • 2,694 SF
For Sale
$449,900 View listing

Property Details for 5600 15 Mile Rd

Year built
1940
Lot size
0.94 AC
Property size (Sq ft)
2,694 SF
Zone code
O-1
Property type
Commercial real estate
APN
10-10-32-226-030
APU
101032226030

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $641,342
    Hospitality
    $587,466
    Educational
    $488,765
    Medical
    $505,574
    Retail
    $760,301

Location Insight

City
Sterling Heights
County
Macomb
State
Michigan
Latitude
42.5501
Longitude
-83.0516
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,117
-
-
$103,600
-
-
-
$207,200

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