Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Medical Units in Utica, MI Title is generated by Realmo AI

    51921 Van Dyke, Utica, MI 48316

    View on Map
    Claim this Listing
    For Lease
    $3,726/Mo $27 SF/Yr (calc)

    Office - Utica, MI

    Type:Office
    Property size:
    1,600 SF
    Lot size:
    2.82 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    165
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 51921 Van Dyke

    General Information

    Property type
    Residential Lease
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    23-07-16-426-016
    Size
    1,600 SF
    Lot size
    2.82 Acres

    Building Details

    Year built
    2025
    Architectural style
    Other

    We can help!

    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft

    Listing agent Boyd C. Kraft License #6506047213

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Dec 4, 2025

    MLS# 50195583 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Site plan approved for new build
    • Up to 5 retail units
    • Up to 5 medical units
    • Drive thru available
    • Parking lot
    • Year Built: 2025

    Overview

    The property is located in Utica, MI. The site plan is approved for a new build with up to 5 retail units and 5 medical units. A drive-thru is available. The lot size is 2.82 acres. The property offers 1600 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.035351
    Latitude
    42.675967

    Nearby Similar for Lease

    • $750/Mo
      438 SF

      Well-Maintained Office in Utica

      Office space with private offices and break room available for rent.
      8344 HALL, Utica, MI 48317
      View Details
    • $1,200/Mo
      752 SF

      Well-Maintained Office Space Available

      Office space with private offices and break room available for rent.
      8344 HALL, Utica, MI 48317
      View Details
    • $600/Mo
      150 SF

      Office Space Sub-Lease Available

      Sub-lease office space with included amenities and secured access.
      51543 Van Dyke Ave, ShelbyCharterTownship_Macomb, MI 48316
      View Details
    • $2,500/Mo
      2,500 SF

      Retail Space For Lease

      2500 sqft retail space with high visibility.
      4011 AUBURN Rd, ShelbyCharterTownship_Macomb, MI 48317
      View Details
    • $1,600/Mo
      1,600 SF

      Retail Space on Van Dyke

      Retail space available for lease in Shelby Charter Township.
      46735 Van Dyke Ave, ShelbyCharterTownship_Macomb, MI 48317
      View Details
    • $5,500/Mo
      2,400 SF

      Retail Space with Drive-Thru

      Retail space with approved plans for drive-thru and seating.
      48081 Van Dyke Ave, ShelbyCharterTownship_Macomb, MI 48317
      View Details
    • $1,200/Mo

      Move-in Ready Office Suite

      Contemporary office suite with modern infrastructure in high-traffic location.
      4741 24 Mile Rd, ShelbyCharterTownship_Macomb, MI 48316
      View Details
    • $18 SF/Yr
      16,500 SF

      Retail Space in Shelby Township

      Retail space for lease in a multi-tenant property.
      50940-50980 Shelby Rd, Utica, MI
      View Details
    • $4,427/Mo

      Professional Office Space For Rent

      Professional office space available in ShelbyCharterTownship_Macomb, MI.
      6300 22 Mile Rd, ShelbyCharterTownship_Macomb, MI 48317
      View Details
    • $295 SF/Yr
      64 SF

      Professional Office Space For Lease

      Professional office space available for lease in Utica, Michigan.
      11255 HALL, Utica, MI 48317
      View Details
    • Contact for pricing
      7,000 SF

      High-Visibility Corner Retail Space

      Prime corner location with high traffic in a top retail corridor.
      45001 Schoenherr Rd, Utica, MI
      View Details

    FAQs

    What type of property is this?
    Strip mall - Approved site for retail and medical units with drive-thru.
    Where is this strip mall located?
    The property is located at 51921 Van Dyke Utica, MI.
    What is the lease rate?
    The lease rate is $3,726 /Mo.
    What are key features of this property?
    This property features: Site plan approved for new build; Up to 5 retail units; Up to 5 medical units
    (586) 243-3488
    We can help!
    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft
    Real Estate License ID: 6506047213
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51921 Van Dyke, Utica, MI 48316
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!