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42400 Merrill Road

Off-Market

42400 Merrill Road, Sterling Heights, MI 48314

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  • Property Type Industrial - Manufacturing
  • Property Size 554,374 SF
  • Lot Size 22.15 Acre
  • Parking Spaces Avail. 332
  • Parking Ratio 0.60/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1979

Location

  • Walk Score ® Car-Dependent (8)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48314
  • Market Detroit

Points of Interest

Troy

8.63 miles

Royal Oak

9.56 miles

Sunoco

0.45 miles

Mobil

0.68 miles

BP

0.74 miles

BP

0.76 miles

Mobil

0.80 miles

Speedway

0.90 miles

Speedway

1.12 miles

Marathon

1.39 miles

7-Eleven

1.47 miles

Shell

1.51 miles

QPark

2.63 miles

Parking Lot 11

4.41 miles

Parking Lot 10

4.42 miles

Parking Lot 5C

4.48 miles

Parking Lot 6a

4.49 miles

Staff Parking Lot 10a

4.50 miles

Parking Lot 5B

4.55 miles

Parking Lot 6

4.55 miles

Staff Parking Lot 5a

4.56 miles

Staff Parking Lot 9

4.58 miles

Dunkin'

0.66 miles

KFC

0.85 miles

Dunkin' Donuts

1.27 miles

Burger King

1.35 miles

Uno Pizzeria & Grill

1.38 miles

Arby's

1.46 miles

Buffalo Wild Wings

1.47 miles

Art & Jake's Sports Bar Sterling Heights

1.48 miles

Texas Roadhouse

1.53 miles

Wendy's

1.54 miles

Walmart

1.28 miles

Kroger Marketplace

2.37 miles

Gordon Food Service

2.42 miles

Kroger

2.67 miles

Aldi

2.75 miles

Kohl's

2.86 miles

Target

2.90 miles

Meijer

3.01 miles

Macy's

3.16 miles

Macy's

3.25 miles

Walgreens

0.82 miles

CVS Pharmacy

1.50 miles

Sterling Heights Fire Department

1.51 miles

Utica Police Department

1.53 miles

Utica Fire Station

1.60 miles

m2 certifications

1.68 miles

Rite Aid

1.76 miles

Sterling heights Fire station 1

1.81 miles

Rite Aid

2.35 miles

Beaumont Medical Center, Sterling Heights

2.50 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 03 Jul, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Sterling Heights

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Sterling Heights Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $19.48
  • 2020 Office Vacancy Rate 5.71%
  • 2020 Office Completions (SF)
View more Sterling Heights market trends

Tax

  • Property Tax in 2022 $351,932
  • Market Value* $12,889,657
  • Assessed Value $12,889,657

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 42400 Merrill Road?

42400 Merrill Road totals 554,374 square feet.

When was this property built?

42400 Merrill Road was built in 1979.

When was 42400 Merrill Road last sold?

42400 Merrill Road was last sold on 03 Jul, 2014.

What is the property tax for 42400 Merrill Road?

The property tax for 42400 Merrill Road in 2022 was $351,932.

What is the market value for 42400 Merrill Road?

The market value* for 42400 Merrill Road in 2022 was $12,889,657.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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