M-59 - 8.87 Acres | Prime M-59 Frontage
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M-59 - 8.87 Acres | Prime M-59 Frontage
8.87 Acres of Commercial Land Offered at $4,999,999 in Sterling Heights, MI 48314
Investment Highlights
- Prime Land on M-59 (Hall Road) | Nearly 900 Feet of Frontage | M-59 & M-53
- Land / Development Site | Zoned C-1 Commercial and Residential
- 241,000 People in 5-Mile Radius | $90,000 Income in 5-Mile Radius
- Nearly 9 Acres on 6 Contiguous Parcels | Fit for a Variety of Uses Including Retail, Hospitality, Medical, Storage, Etc.
- One of Last Parcels on Busy M-59 Corridor | Over 87,000 Vehicles Traveling Per Day
- Detroit MSA | 4.3 Million People | 14th Largest MSA in United States
Executive Summary
The Jonna Group of Colliers International has been selected to exclusively represent the sale of the prime M-59 and M-53 land opportunity in Sterling Heights. The subject site is situated on 6 contiguous parcels totaling nearly 9 acres.
The site is strategically situated with high visibility and exposure off eastbound M-59, one of the busiest highways in the state that consists of over 87,000 vehicles traveling per day. The site is just minutes from Lakeside Mall, a Taubman-built super regional shopping mall that totals over 1.5 million-square feet and 90 stores, and The Mall at Partridge Creek, an open-air shopping mall with over 90 distinctive stores and restaurants.
The rare land piece benefits from being well-positioned in a dense retail corridor and surrounded by other notable national retailers in the immediate vicinity that include Costco, Sam’s Club, Kroger, Meijer, CVS, Walgreens, Best Buy, At Home, Target, Home Depot, Lowe’s, Kohl’s, Hobby Lobby, Dick’s Sporting Goods and more.
The site is strategically situated with high visibility and exposure off eastbound M-59, one of the busiest highways in the state that consists of over 87,000 vehicles traveling per day. The site is just minutes from Lakeside Mall, a Taubman-built super regional shopping mall that totals over 1.5 million-square feet and 90 stores, and The Mall at Partridge Creek, an open-air shopping mall with over 90 distinctive stores and restaurants.
The rare land piece benefits from being well-positioned in a dense retail corridor and surrounded by other notable national retailers in the immediate vicinity that include Costco, Sam’s Club, Kroger, Meijer, CVS, Walgreens, Best Buy, At Home, Target, Home Depot, Lowe’s, Kohl’s, Hobby Lobby, Dick’s Sporting Goods and more.
Property Facts
1 Lot Available
Lot 1
| Price | $4,999,999 | Lot Size | 8.87 AC |
| Price Per AC | $563,698 |
| Price | $4,999,999 |
| Price Per AC | $563,698 |
| Lot Size | 8.87 AC |
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PROPERTY TAXES
| Parcel Number | 10-10-03-202-016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $144,700 |
PROPERTY TAXES
Parcel Number
10-10-03-202-016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$144,700
zoning
| Zoning Code | C-1, Sterling Height |
| C-1, Sterling Height |
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M-59 - 8.87 Acres | Prime M-59 Frontage
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