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    56074 Van Dyke Ave Shelby Township, MI 48316

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    For Sale
    $3,496,000

    New 10-year NNN lease with corporate guaranty.

    Property size:
    4,370 SF
    Lot size:
    1.02 Acres

    Property Features for 56074 Van Dyke Ave

    General Information

    Size
    4,370 SF
    Lot size
    1.02 Acres

    Source: Marcus & Millichap | Phoenix Agent Zack House

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Heartland Dental NNN Lease

    This property features a brand new 10-year absolute NNN lease with a corporate guaranty by Heartland Dental. It is situated in a dense retail corridor, surrounded by national tenants such as Target, The Home Depot, Kroger, Meijer, and McDonald’s. The location benefits from frontage along Van Dyke Avenue, which sees more than 23,050 cars per day. The surrounding area has a population of 127,856 residents within a five-mile radius in the Detroit MSA. Population and households are projected to increase 2-3% in the surrounding area over the next five years. The average household income exceeds $136,000 within a three-mile radius. The property is within an hour's drive of downtown Detroit and Detroit Metropolitan Wayne County Airport. Rental increases of 10 percent are scheduled every five years. The property size is 4,370 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bassam Hanna, DMD Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Shelby Veterinary Hospital, Petco Vaccination Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.034169
    Latitude
    42.707211

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    FAQs

    What type of property is this?
    Medical office - New 10-year NNN lease with corporate guaranty.
    Where is this medical office located?
    The property is located at 56074 Van Dyke Ave Shelby Township, MI.
    What is the asking price?
    The asking price for this property is $3,496,000.
    What are key features of this property?
    This property features: - Brand new 10-year absolute NNN lease with corporate guaranty by Heartland Dental; - 10 percent rental increases every five years; - Average household income exceeds $136,000 within a three-mile radius
    (916) 532-6544
    Request Owner's contact information
    56074 Van Dyke Ave Shelby Township, MI 48316
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    Realmo Value Estimation

    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.

    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.

    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
    56074 Van Dyke Ave Shelby Township, MI 48316
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