42400 Merrill Road

Off-Market

42400 Merrill Road, Sterling Heights, MI 48314

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • 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

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.

  • 2022 Avg. Asking Rent $17.93
  • 2022 Office Vacancy Rate 26.30%
  • 2022 Office Completions (SF)
View more Sterling Heights market trends

Location

Getting Around

  • Walk Score ®

    8/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
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

  • Macy's

    3.16 miles

  • JCPenney

    3.31 miles

  • Marshalls

    3.43 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

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 2023 was $290,253.

What is the market value for 42400 Merrill Road?

The market value* for 42400 Merrill Road in 2023 was $14,365,312.
*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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