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Investment Highlights

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

Executive Summary

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.

Property Facts

Price $888,615 CAD
Price Per Unit $40,392 CAD
Sale Type Investment
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 2.00 AC
Construction Status Proposed
Building Size 17,360 SF
No. Stories 3
Year Built 2028
Zoning R1 - Proposed Luxury Townhomes / Vacant Land Only
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
10-10-06-300-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$96,244 CAD
  • Listing ID: 30675315

  • Date on Market: 2024-01-16

  • Last Updated:

  • Address: 43224 Dequindre Rd, Sterling Heights, MI 48314

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