43761 Schoenherr RdSterling Heights, MI 48313

Property Details for 43761 Schoenherr Rd

Year built

2004

Lot size

1.01 AC

Property size (Sq ft)

6,122 SF

Zone code

C-2

Property type

Drive through restaurants

APN

10-10-02-431-002

APU

101002431002

Description

This exceptional retail or restaurant opportunity is located at 43761 Schoenherr Road in Sterling Heights, Michigan, within a thriving Kroger-anchored shopping center. The property offers a total of 6,375 square feet of space, currently entirely vacant and available for lease. Two spaces are available, each ranging from 3,125 to 3,250 contiguous square feet, providing flexibility for various business needs. The maximum contiguous space available is 3,250 square feet. The property is ideally situated in a high-traffic area surrounded by established national retailers and restaurants, ensuring excellent visibility and customer access. Ample parking is provided with 21 spaces available for patrons and employees. The property's location in Macomb County, Michigan, zip code 48313, offers easy access to major roadways and a dense residential population. This is a rare opportunity to establish a business in a prime retail location with a drive-thru option, perfect for restaurants or businesses requiring convenient customer access. The property is part of a two-tenant retail strip, offering a strong co-tenancy advantage. Interested parties should inquire for lease terms and conditions. The property is classified as commercial and restaurant space, suitable for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,871,731

  6.5%

  $1,727,752

  7%

  $1,604,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,443,083

  Geo Method

  $1,443,083

• Alternative Use

  Use

  Valuation

  Residential

  $1,457,424

  Hospitality

  $1,334,992

  Educational

  $1,110,698

  Medical

  $1,148,896

  Retail

  $1,727,752

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.6167

Longitude

-82.9933

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].