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Sterling Place Plaza Retail Space
For Lease
$14 SF/Yr

37600 Van Dyke Ave, Sterling Heights, MI 48312

Retail and restaurant spaces available in Sterling Heights.

Space SizeContact for details
Days on Market115

Property Features for 37600 Van Dyke Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1987
Units 29
Listing Agency: Gallo Companies LLC
Listed By: Tony Gallo · License #6504261359
Source: Elliman
Added: Apr 24 Changed: Aug 12 Last Checked: Aug 16 at 5:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gallo Companies LLC

Investment Insights

Based on property information with market context.

Located in Sterling Heights, the Sterling Place Plaza Shopping Center offers retail and restaurant spaces for lease. The property benefits from a large parking lot and high exposure on the heavily trafficked 16 Mile and Van Dyke Roads. The location is across from the Chrysler Stellantis Sterling Heights Auto Plant. The area is densely populated. The lease term is 5 years. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 44, indicating car-dependent.

Key Highlights

  • Excellent exposure on Van Dyke Road near 16 Mile Road.
  • Located in the densely populated area of Sterling Heights.
  • Large parking lot available.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby
114k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 35% Dining 32% Shops & Services 28% Apparel 5%
The Home Depot Home Improvements & Furnishings
39,580 visits/mo 0.2 miles
Dollar Tree Shops & Services
11,371 visits/mo 0.1 miles
SONIC Drive In Dining
9,805 visits/mo 0.4 miles
Panda Express Dining
9,752 visits/mo 0.4 miles
Applebee's Dining
8,478 visits/mo 0.2 miles

Demographics for 48312, MI

34,854
Population
14,282
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
11.1 sq mi
ZIP Area
3,140
Density / Sq Mi
$71,266
Median Household Income
$40,488
Median Earnings
$1,176
Median Rent
$253,700
Median Home Value

Market

Lease Benchmarks for Sterling Heights, MI

$14.25 /SF/Yr
Avg Asking Price
$14–$15 /SF/Yr
Price Range
86,569 SF
Avg Space Size

This space is priced 2% below the average of $14.25 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Sterling Place Plaza 37856 Van Dyke Ave, Sterling Heights, MI 48312
  • crossroads plaza 37000 Van Dyke Ave, Sterling Heights, MI 48312
  • Michigan Secretary of State Self-service Station 36600 Van Dyke Ave, Sterling Heights, MI 48312

Frequently Asked Questions

What type of property is this?
Shopping center - Retail and restaurant spaces available in Sterling Heights.
Where is this shopping center located?
The property is located at 37600 Van Dyke Ave Sterling Heights, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Excellent exposure on Van Dyke Road near 16 Mile Road.; Located in the densely populated area of Sterling Heights.; Large parking lot available.
More about this property
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