Restaurants for sale in Sterling Heights offer a unique investment opportunity in a city with a strong economy and diverse population. With a population of around 130,000, Sterling Heights is an attractive location for businesses, including restaurants, due to its proximity to Detroit and its major highways, such as M-53 and M-59. Restaurants in Sterling Heights can cater to a wide range of customers, from families to professionals, and can offer a variety of cuisines to suit different tastes. The city's infrastructure, including Lakeside Mall and major roads like Utica Road and Dequindre Road, makes it an ideal location for restaurants. Additionally, Sterling Heights is home to major corporations like General Dynamics Land Systems and FCA US LLC, providing a steady customer base for restaurants. The city's amenities, such as the Henry Ford Macomb Hospital and Dodge Park, also make it an attractive location for residents and visitors alike.
With 3 restaurants for sale in Sterling Heights, investors have a range of options to choose from. In addition to restaurants, Sterling Heights also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Sterling Heights can provide a steady stream of income, while shopping centers can offer a diverse range of retail and commercial opportunities. Specialty properties, such as office buildings and warehouses, can cater to the city's growing business community, and hotels can serve the needs of visitors and travelers. Overall, Sterling Heights offers a unique blend of economic opportunities, cultural diversity, and amenities, making it an attractive location for investors and businesses alike.
What is the average cost per square foot for a restaurant in Sterling Heights?
The average cost per square foot for a restaurant in Sterling Heights is $123 USD per square foot, with an average size of 8,344 square feet and a largest size of 10,000 square feet among the 3 available listings.
What factors determine the value of a restaurant for sale in Sterling Heights?
When evaluating the value of a restaurant for sale in Sterling Heights, several key factors come into play, including:
- Location, with proximity to major highways like M-53 and M-59, as well as retail and commercial development areas like Lakeside Mall, being highly desirable;
- The size and layout of the restaurant, with an average size of 8,344 square feet and a largest size of 10,000 square feet, affecting its capacity and functionality;
- The financial performance of the business, including the average cap rate of and the average price per square foot of $123 USD, which can impact its overall value and attractiveness to potential buyers.
