14490 Lakeside CirSterling Heights, MI 48313

Property Details for 14490 Lakeside Cir

Lot size

2.09 AC

Property size (Sq ft)

30,576 SF

Zone code

O-2

Property type

Land

Property subtype

Commercial land

APN

10-10-01-106-020

APU

101001106020

Description

This exceptional redevelopment opportunity presents a shovel-ready, Class A senior independent living facility in Sterling Heights, Michigan. Situated on a 3-acre lot (APN 10-10-01-106-022), this 108,060 square foot, four-story building boasts 88 units, including 56 one-bedroom units averaging 860 square feet and 32 two-bedroom units averaging 1,299 square feet. The property features two full-service elevators and is zoned RM3, allowing for high-density development. All utilities are in place, and the project has received complete approvals, including finalized architectural and engineering plans. Construction is slated for completion in 2024, offering immediate potential for a strong return on investment. This prime location in Macomb County, at 14490 Lakeside Cir, Sterling Heights, MI 48313, provides convenient access to local amenities and services, making it an ideal setting for senior independent living. The property's modern design and comprehensive amenities are poised to attract a high demand within the thriving senior housing market. This is a turnkey opportunity for an investor seeking a high-quality, fully approved senior living development.

• Alternative Use

  Use

  Valuation

  Residential

  $7,279,023

  Hospitality

  $6,667,546

  Educational

  $5,547,320

  Medical

  $5,738,101

  Retail

  $8,629,164

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.6251

Longitude

-82.9823

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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