Off market oct 2014 for $750K

—

•

12,000

sq ft

8555 Canal, Sterling Heights, MI 48314

About this home

Do not disturb 20 tenants! Inspection and viewing shall be after accepted Purchase Agreement. 20 Units fully occupied. 20 stoves, fridges, 3 coined operating washer & dryer machines. Ample parking and full masonry in the HEART of Macomb County! New roof on most westerly building. Neat and clean and well maintained and family operated since 1964! This is a money maker with 20% money down and will have a return of $5,000 a month. 3 buildings total. 8505 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-015, 8555 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-029, 8481 Canal Utica 48317, Parcel ID Number 10-03-101-057 All information deemed reliable but not guaranteed, Buyers agent and buyer most confirm

Multi-familyProperty Type

1962Year Built

1.2 acresLot Size

$63Price/Sq.Ft.

1 garage spacesParking

Listed by Matthew Vale • RE/MAX Eclipse

Bought with Matthew Vale • RE/MAX Eclipse

Redfin checked: 2 minutes ago

•Source:REALCOMP #214042838

Listing provided courtesy of Realcomp MLS

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 48314, MI

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.9%

0.4% MoM

Median sale price

$333K

$3K MoM

Avg. days on market

14d

2 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW 13 HRS AGO
$975,000
4 beds3.5 baths5,490 sq ft
3941 Corkwood Dr, Sterling Heights, MI 48314
(586) 598-1400
COMING SOON
$388,900
3 beds3 baths2,542 sq ft
41222 Bermuda Dr, Sterling Heights, MI 48314 2073
(734) 469-2469
$229,000
3 beds1.5 baths1,058 sq ft
43117 Penny Dr, Sterling Heights, MI 48314 3542
(586) 726-4600
$649,900
4 beds2.5 baths3,499 sq ft
8750 Clinton River Rd, Sterling Heights, MI 48314 2402
(313) 228-2221
VIDEO TOUR
$225,000
2 beds2 baths1,316 sq ft
44835 Marigold Dr, Sterling Heights, MI 48314
VIDEO TOUR
$225,000
2 beds2 baths1,316 sq ft
44835 Marigold Dr #245, Sterling Heights, MI 48314
(586) 580-8092
$549,900
3 beds2.5 baths2,422 sq ft
41419 Cilantro Dr, Sterling Heights, MI 48314 4036
(248) 973-4133
$540,000
3 beds3 baths4,702 sq ft
3494 Corkwood Dr, Sterling Heights, MI 48314 4411
(248) 609-8000
$135,000
1 bed1 bath707 sq ft
43298 #40 Mound Rd, Sterling Heights, MI 48314
$135,000
1 bed1 bath707 sq ft
43298 #40 Mound Rd #40, Sterling Heights, MI 48314
(586) 799-8000
See all

Provided by Redfin

Sale history for 8555 Canal

Date

Event

Price

MiRealSource-MiMLS #20594458

Oct 10, 2014

Sold

$750,000

$63/sq ft

May 23, 2014

Listing Removed

—

May 9, 2014

Listed

$800,000

$67/sq ft

REALCOMP #214042838

Oct 10, 2014

Sold

$750,000

$63/sq ft

May 9, 2014

Listed

$800,000

$67/sq ft

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Macomb County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 26, 2022.

R-60

One Family Residential District

The one family districts are established to provide an environment suitable for families who typically have children. The districts are principally for one family dwellings at varying densities. The specific intent of these districts is to encourage the construction and continued use of one family dwellings and to prohibit the use of the land which would substantially interfere with the development of one family dwellings. The city also discourages any land use which, because of its character and size, would create requirements and costs for public services substantially in excess of those needed for the one family densities of that zoning district. The city also discourages any land use which would be incompatible or generate excessive traffic on local streets.

Permitted uses

Include but are not limited to:

Agriculture
Livestock production
Housing-Single unit
Office
Fire house
Library
Museum / gallery
Police station
Recreation
Park & open space

Property details

Parking

Parking Information
Paved
# of Parking Spaces (Total): 60

Garage Information
Has Garage

Interior

Bathroom Information
# of Baths (Full): 20

Interior Features
Cable Available

Room Information
Has Basement
Basement Type: Common, Interior Access, Private Storage Locker
Basement Sq. Ft. (Total): 4,000
Sq. Ft. Combined: 12,000

Multi-Unit Information
# of Units (Total): 20
# of Units (Leased): 20
# of 1 Bedroom Units: 10
# of 2 Bedroom Units: 10

Exterior

Building Information
2 Story
Construction Materials: Aluminum, Brick
Foundation Details: Basement, Crawl
Foundation Materials: Block
Roof Material: Asphalt
Year Built: 1962

Exterior Features
Outside Lighting, Private Entry

Lot Information
Lot Size Area: 1.2
Lot Size Dimensions: 375 x 222 x 365 x 117

Land Information
Zoning: Multi-Family
Road Frontage Type: Paved
Frontage Feet: 375

Property Information
Title: Private - Owned
Private Owned

Financial

Tax Information
Winter Tax Amount: $6,000
Summer Tax Amount: $8,000
Total Tax: $14,000

Financing Information
Down Payment Resource: No

Utilities

Utility Information
Baseboard
Gas
Window Unit
Municipal Water
Sewer (Sanitary)

Location

School Information
Utica

Location Information
Directions: East of business Van Dyke on the north side of Canal
Directions From North South: N
Directions From North South Detail: Canal
Directions From East West: E
Directions From East West Detail: Van Dyke
Settlement: City
County Or Parish: Macomb

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Macomb County
APN: —

Home facts updated by county records on Jul 25, 2022

Other

Listing Data Information
Close Date: 2014-10-10
DOM: 14
CDOM: 14

Listing Information
Originating MLS: RealComp
Close Price: $750,000

Around this home

Schools

Dresden Elementary School

Public PreK-6 • Assigned • 0.8mi

6/10

Bemis Junior High School

Public 7-8 • Assigned • 1.5mi

7/10

Henry Ford II High School

Public 9-12 • Assigned • 1.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Sterling Heights, MI • 48314

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 2.5 hours in December, placing it below the U.S. average for solar exposure.

9.3 hrs

2.5 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 48314

NEW 13 HRS AGO

$975,000

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3941 Corkwood Dr, Sterling Heights, MI 48314

(586) 598-1400

COMING SOON

$388,900

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41222 Bermuda Dr, Sterling Heights, MI 48314 2073

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8750 Clinton River Rd, Sterling Heights, MI 48314 2402

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VIDEO TOUR

$225,000

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44835 Marigold Dr, Sterling Heights, MI 48314

VIDEO TOUR

$225,000

2 beds2 baths1,316 sq ft

44835 Marigold Dr #245, Sterling Heights, MI 48314

(586) 580-8092

$549,900

3 beds2.5 baths2,422 sq ft

41419 Cilantro Dr, Sterling Heights, MI 48314 4036

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3494 Corkwood Dr, Sterling Heights, MI 48314 4411

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$135,000

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Home values near 8555 Canal

Data from public records.

Address	Redfin Estimate
8550 Canal Rd, Sterling Heights, MI 4 Beds \| 2 Baths \| 1640 Sq. Ft.	$335,015
8560 Canal Rd, Sterling Heights, MI - Beds \| 3 Baths \| 2344 Sq. Ft.	$395,040

Address	Redfin Estimate
8725 Canal Rd, Sterling Heights, MI 4 Beds \| 1.5 Baths \| 1870 Sq. Ft.	$321,422
8625 Canal Rd, Sterling Heights, MI - Beds \| 1 Baths \| 1169 Sq. Ft.	$221,867

Address	Redfin Estimate
8530 Canal Rd, Sterling Heights, MI 3 Beds \| 1 Baths \| 1278 Sq. Ft.	$319,602
8411 Canal Rd, Utica, MI 4 Beds \| 2 Baths \| 1743 Sq. Ft.	$273,799

Property information provided by REALCOMP when last listed in 2014. This data may not match . Learn more.

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