Map of Property

Former Wendy's

For Sale

40950 Ryan Rd, Sterling Heights, MI 48310

This Sterling Heights property for sale is located at 40950 Ryan Rd. The current listed sale price for Former Wendy's is $2,500,000. Former Wendy's is situated on a lot that is 0.92 acre in size.

Contacts

Ayson Shammami

APEX Commercial Real Estate Advisors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 3,120 SF
  • Lot Size 0.92 Acre
  • Year Built 2000
  • Date Updated Jun 23, 2026
Strategically located in the highly active retail hub of Sterling Heights, MI, this property is surrounded by a strong mix of national retailers, established local businesses, popular restaurants, entertainment venues, and consistent consumer traffic, creating an ideal setting for long-term retail investment success. The area continues to benefit from ongoing economic growth, commercial redevelopment, and increasing consumer demand, making Sterling Heights one of the most desirable retail markets within the Metro Detroit region. Positioned just minutes from the prominent Lakeside Mall redevelopment district, the property enjoys exceptional visibility, strong daily traffic counts, and convenient access to major roadways, enhancing its appeal for both retailers and investors alike. Nearby community destinations such as Dodge Park further contribute to the area’s vibrant atmosphere by hosting year-round events, outdoor recreation, and family-friendly activities that attract steady visitor traffic. Supported by dense residential neighborhoods, strong household demographics, and a continuously expanding commercial presence, this location offers investors an outstanding opportunity to capitalize on a well-established retail corridor with excellent accessibility, long-term growth potential, and strong future upside in one of Metro Detroit’s most active commercial markets..
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Highlights

  • Affluent and Dense Trade Area – More than 97,000 residents reside within a 3-mile radius with average household incomes exceeding $108,000, supporting a wide range of retail and service-oriented uses.
  • Excellent Accessibility – Full access from major thoroughfares with convenient customer parking and strong connectivity to surrounding residential neighborhoods and commercial districts.
  • High-Barriers-to-Entry Location – Established Sterling Heights corridor with limited availability of freestanding retail pads and drive-thru opportunities, enhancing long-term value and tenant demand.
  • Rare Freestanding Corner Opportunity – Positioned on a signalized hard corner at Ryan Road and 18 Mile Road, providing exceptional visibility, multiple points of ingress/egress, and strong daily traffic exposure.
  • Redevelopment & Repositioning Potential – Situated on approximately 0.92 acres, the site offers flexibility for adaptive reuse, redevelopment, or conversion to a variety of retail, service, medical, or automotive concepts
  • Strong Surrounding Retail Synergy – Located among national and regional retailers including CVS, Dollar Tree, Planet Fitness, Kroger, Chase Bank, McDonald's, Panera Bread, Meijer, and Walmart, creating consistent consumer traffic and cross-shopping opportunities.
  • Turnkey Second-Generation Restaurant – Existing 3,120 SF building includes drive-thru infrastructure, reducing redevelopment costs and accelerating occupancy timelines for restaurant, coffee, medical, or retail users.

Getting around

  • 56/100

    Walk Score ®

  • 43/100

    Bike Score ®

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Location

  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48310
  • Market Detroit

Points of Interest

  • Troy

    7.08 miles

  • Royal Oak

    8.20 miles

  • Kroger

    0.80 miles

  • Mobil

    0.98 miles

  • BP

    1.03 miles

  • Shell

    1.04 miles

  • Marathon

    1.38 miles

  • Sunoco

    1.45 miles

  • Speedway

    2.02 miles

  • eVgo

    2.14 miles

  • EV Charging LLC

    4.38 miles

  • ChargePoint

    4.43 miles

  • QPark

    2.00 miles

  • Parking Garage

    5.23 miles

  • Cole North Parking Deck

    5.72 miles

  • Parking Lot 11

    5.91 miles

  • Parking Lot 10

    5.93 miles

  • Parking Lot 5C

    5.96 miles

  • Parking Lot 6a

    6.01 miles

  • Staff Parking Lot 10a

    6.02 miles

  • Parking Lot 5B

    6.03 miles

  • Staff Parking Lot 5a

    6.05 miles

  • Wendy's

    0.00 miles

  • McDonald's

    0.95 miles

  • Jay Jay's Bistro

    1.05 miles

  • Taco Bell

    1.05 miles

  • Arby's

    1.10 miles

  • Jonny Cakes Cafe

    1.97 miles

  • Grand Azteca

    2.05 miles

  • Phoenix Coney Island

    2.06 miles

  • Burger King

    2.07 miles

  • Subway

    2.07 miles

  • Kroger Marketplace

    0.95 miles

  • Walmart

    2.10 miles

  • ALDI

    2.16 miles

  • H Mart

    2.17 miles

  • Burlington

    2.20 miles

  • Target

    2.30 miles

  • Kroger

    2.80 miles

  • Dream Market

    2.82 miles

  • Meat World Market

    2.92 miles

  • Max International

    3.03 miles

Contact Listing Broker
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