Sterling Heights, MI 48313,43243 SCHOENHERR Road
$482,000
$490,000
1.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,694 SqFt

43243 SCHOENHERR Road Sterling Heights, MI 48313

Est. payment /mo
SOLD DATE : 02/23/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $482,000

Property Type Commercial

Sub Type Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 2,694 sqft

Price per Sqft $178

Subdivision Brookshire Office Plaza Condo #1000

MLS Listing ID 20240006280

Sold Date 02/23/24

Originating Board Realcomp II Ltd

Year Built 2006

Annual Tax Amount $7,059

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 420x412x245x105x176x516

Property Description

Welcome to an exceptional commercial unit strategically positioned for astute investors seeking a lucrative addition to their portfolio. This turnkey property boasts a remarkable combination of high rental yield, stability, and low-maintenance features that make it a standout opportunity in the real estate market.

Key Features:

Profitable Lease Structure: The unit is currently under a lease agreement that yields a solid 8%+ capitalization rate.

Generous Size and Configuration: With 10 spacious exam rooms, this commercial unit is thoughtfully designed to accommodate a range of businesses, making it versatile for a variety of tenants.

Lucrative Rental Rates: The property collects approximately $20 per square foot for lease, reflecting the high desirability and value of the space.

Low-Maintenance Lifestyle: The property benefits from an association that handles exterior maintenance responsibilities. This includes snow removal, grass maintenance, roof repairs, and other external upkeep tasks. This feature not only saves the owner time and effort but also ensures that the property maintains its curb appeal and value.

This commercial unit presents a rare opportunity for investors looking for a hassle-free income-generating property. The combination of a strong lease, competitive rental rates, low-maintenance features, and strategic location make this unit a sound choice for those seeking both short-term gains and long-term stability in their real estate investments. Don't miss out on the chance to add this gem to your portfolio. Contact us today to schedule a viewing and explore the potential returns this investment property offers.

Location

State MI

County Macomb

Area Sterling Heights

Zoning Commercial

Direction N of 19 Mile & W of Schoenherr

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 1 Story

Structure Type Brick

Schools

School District Utica

Others

Tax ID 1002499007

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Read Less


Realcomp MLS
Listed by Top Agent Realty
Bought with Keller Williams Realty-Great Lakes

GET MORE INFORMATION

Barrett Real Estate

+1(480) 864-2100

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.