13500 19 Mile RdSterling Heights, MI 48313

Property Details for 13500 19 Mile Rd

Year built

1998

Lot size

1.56 AC

Property size (Sq ft)

10,686 SF

Zone code

C-1

Property type

Drug stores

APN

10-10-11-226-022

APU

101011226022

Description

This 10,686 square foot former Rite Aid building, situated on a 1.56-acre lot in Macomb County, Michigan, presents a unique opportunity for retail businesses. The property boasts ample parking, easily accommodating the high volume of traffic at the intersection of 19 Mile and Schoenherr Roads, which sees over 55,000 vehicles daily. The building is currently entirely vacant, offering a blank canvas for a new tenant. Its convenient location, just 1.6 miles west of the 361-bed Henry Ford Macomb Hospital and south of Hall Road's vibrant shopping and entertainment district, ensures high visibility and accessibility. Nearby national retailers include Kroger, Kohl's, Hobby Lobby, Total Wine & More, Target, Shake Shack, and Portillo's, creating a strong retail environment. The property features a drive-thru, adding further convenience and appeal. The traffic-controlled intersection provides easy ingress and egress to both 19 Mile and Schoenherr Roads. This prime retail location offers significant potential for a variety of businesses seeking high visibility and a strong customer base. The entire 10,686 square feet is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,476,060

  6.5%

  $2,285,600

  7%

  $2,122,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,039,550

  Geo Method

  $1,039,550

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,382,740

  Mixed-Use / Specialty

  $2,307,510

  Hospitality / Lodging

  $1,732,080

  Office

  $2,325,110

  Institutional / Educational

  $2,409,620

  Residential Income

  $2,819,260

  Multifamily

  $3,214,610

  Automotive / Energy

  $2,065,390

  Parking / Income-Based Land

  $683,041

  Restaurant / Food Service

  $1,264,310

  Healthcare / Senior Housing

  $2,335,480

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.6098

Longitude

-82.9928

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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