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41122 Ryan Rd 4,149 SF Retail Building Sterling Heights, MI 48314 $1,575,000 ($379.61/SF)
Investment Highlights
- Located at a signalized intersection of Ryan Road and 18 Mile Road with traffic counts exceeding 45,000 VPD combined.
- Zoning allows for flexible redevelopment or conversion to alternate retail or service uses.
- Positioned within a dense residential and employment hub, ensuring consistent consumer traffic.
- Freestanding building with multiple points of ingress and egress, enhancing accessibility.
- Surrounding area includes major retailers, restaurants, and financial institutions, creating a robust co-tenancy environment.
- On-site parking ratio of 9.4 per 1,000 SF providing ample customer convenience.
Executive Summary
Offered at $1,575,000, this former bank branch presents a compelling acquisition opportunity in the high-demand Sterling Heights corridor. Built in 2004, the property encompasses 4,149 square feet on a 0.916-acre lot and delivers excellent street presence at a signalized intersection. Positioned at the northeast corner of Ryan Road and 18 Mile Road, the site provides direct access to two high-traffic thoroughfares with daily vehicle counts of 27,922 VPD on Ryan Road and 17,468 VPD on 18 Mile Road.
The building benefits from multiple shared access curb cuts, 39 on-site parking spaces, and a strong 9.4/1,000 parking ratio. Zoned C-1 Local Convenience Business District, this asset supports a variety of adaptive reuses or redevelopment options. Located in Sterling Heights’ major employment cluster and surrounded by established national retailers, healthcare facilities, and large residential neighborhoods, the trade area provides strong fundamentals for retail or service-based uses. Demographics within a 3-mile radius include over 96,000 residents and an average household income exceeding $114,000, supporting steady demand. With limited comparable standalone buildings on the market, this offering provides speed-to-market potential in one of Macomb County’s most sought-after locations.
The building benefits from multiple shared access curb cuts, 39 on-site parking spaces, and a strong 9.4/1,000 parking ratio. Zoned C-1 Local Convenience Business District, this asset supports a variety of adaptive reuses or redevelopment options. Located in Sterling Heights’ major employment cluster and surrounded by established national retailers, healthcare facilities, and large residential neighborhoods, the trade area provides strong fundamentals for retail or service-based uses. Demographics within a 3-mile radius include over 96,000 residents and an average household income exceeding $114,000, supporting steady demand. With limited comparable standalone buildings on the market, this offering provides speed-to-market potential in one of Macomb County’s most sought-after locations.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
4,149 SF
Building Class
C
Year Built
2004
Price
$1,575,000
Price Per SF
$379.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Zoning
C-1 - Local Convenience Business District
Parking
39 Spaces (9.4 Spaces per 1,000 SF Leased)
Frontage
159’ on Ryan Rd
Amenities
- Energy Star Labeled
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-10-08-300-080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $453,500 |
Property Taxes
Parcel Number
10-10-08-300-080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$453,500
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41122 Ryan Rd