43224 Dequindre Rd - Apartments FOR SALE


Sterling Heights, MI 48314
$650,000 USD
43224 Dequindre Rd, Sterling Heights, MI for Sale
$650,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

43224 Dequindre Rd
Sterling Heights, MI 48314


HIGHLIGHTS

  • Proposed Luxury Townhomes
  • Vacant Land - 2 Acres
  • 1/4 mile from Troy Beaumont/Corewell Hospital
  • Survey and Preliminary Site Plans on File
  • Medical Office Redevelopment
  • Residential Lots Splits Possible 6-7 Home Sites

OVERVIEW

Redevelopment Opportunity with Versatile Potential Uses. This property offers several redevelopment options, including multi-family housing with 20 units, residential lots for 6-7 homes, or a medical/office facility. Previously proposed to the city as a luxury townhome development, the project included 22 high-end, 3-story townhome units, each with 3 bedrooms, 2.5 bathrooms, and a one-car attached garage. The initial design had Building A with 9 units, Building B with 9 units, and Building C with 4 units. However, the City Planner recommended adjusting the design to 20 units, 2stories high, with Building A and Building B each containing 10 units. Additionally, Building C would be replaced by a cul-de-sac and retention area to improve feasibility. Located within the award-winning Utica School District, this lot is just a quarter mile from Troy Beaumont/Corewell Hospital and is conveniently close to the M59 Expressway. The property spans 132.5 feet by 700 feet, with approximately 2 acres of cleared land and is zoned R-100.Survey and preliminary site plans are available. The property is near expressways, restaurants, schools, and places of worship. Buyer to verify all details.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$37 USD /SF

# OF UNITS

22

PRICE/UNIT

$29,545

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sterling Commons Luxury Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,307 SF

ZONING

R1

APN/PARCEL ID

10-10-06-300-007

ASK ABOUT THIS PROPERTY

Claudia ShamoClaudia ShamoMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Claudia ShamoClaudia ShamoMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.