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Henry Ford OptimEyes 44987 Schoenherr Rd 17,330 SF Retail Building Sterling Heights, MI 48313 $8,088,128 ($466.71/SF) 6.25% Cap Rate
Executive Summary
Mid-America Real Estate-Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 1.86 acres of land with a 13,330 sqaure foot building in Sterling Heights, Michigan that is fully occupied by Henry Ford OptimEyes. The property is positioned along Metro DEtroit's busiest retail corridor, at the southwest corner of Hall Road (M-59) and Schoenherr Road featuring over 125,000 vpd at the intersection. This rare opportunity to own one of the most prominent corners in all of Michigan.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,330 SF
Building Class
C
Year Built
1979
Price
$8,088,128
Price Per SF
$466.71
Cap Rate
6.25%
NOI
$505,508
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.21
Lot Size
1.86 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-10-02-226-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,760,900 |
Property Taxes
Parcel Number
10-10-02-226-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,760,900
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