Macomb County Restaurant
For Sale
Contact for pricing
42140 Van Dyke Avenue, Sterling Heights, MI 48314
Restaurant for sale in a prime Macomb County location.
Property Size22,000 SF
Days on Market214
Property Features for 42140 Van Dyke Avenue
General Information
Standard status
Active
Size
22,000 SF
Class
C
Property subtype
Office
Lease Term
Full Service Gross
Building Details
Building Size
22,000 SF
Year Built
1985
Properties For Sale
at 42140 Van Dyke Avenue
Suite 206
Size
2,700 SF
Term
Negotiable
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Robert Gojcaj · License #6501377415
(586) 907-7155
Source:
Corfac
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 24 at 2:00PM
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 L. Mason Capitani, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A restaurant is available for sale in Macomb County. The asking price is $850,000 for the business only. The location is considered prime. To disclose the address, a non-disclosure agreement must be signed by the buyer or broker.
Key Highlights
- PRIME Location
- Prestigious Restaurant
- Restaurant for Sale in Macomb County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,665,380
$5.7M
Cap Rate 7%
$4,046,700
$4.0M
Cap Rate 9%
$3,147,433
$3.1M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$409.2K $18.60/SF
− Vacancy
−$31.5K −$1.43/SF
EGI
$377.7K $17.17/SF
− OpEx
−$94.4K −$4.29/SF
NOI
$283.3K $12.88/SF
Area
Sterling Heights, MI
Vacancy
7.70%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,665,380
Cap Rate 7%
$4,046,700
Cap Rate 9%
$3,147,433
Alternative Uses
Best Use
Specialty Retail
$4.05M
$3.54M – $4.72M
NOI $283,269 @ 7.0% cap · market cap 1,770,431.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.25M – $5.66M
NOI $339,730 @ 7.0% cap · market cap 2,123,312.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Home Improvements & Furnishings 13%
Mobil
Shops & Services
7,397 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,316 visits/mo
0.5 miles
AutoZone
Shops & Services
3,429 visits/mo
0.4 miles
Wild Bill's Tobacco
Shops & Services
3,126 visits/mo
0.4 miles
The Tile Shop
Home Improvements & Furnishings
2,306 visits/mo
0.3 miles
Demographics for 48314, MI
21,614
Population
9,286
Households
2.3
Avg Household Size
44
Median Age
36%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,771
Density / Sq Mi
$80,383
Median Household Income
$46,481
Median Earnings
$1,397
Median Rent
$309,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant for sale in a prime Macomb County location.
Where is this restaurant located?
The property is located at 42140 Van Dyke Avenue Sterling Heights, MI.
What are key features of this property?
This property features: PRIME Location; Prestigious Restaurant; Restaurant for Sale in Macomb County
