Breakfast and Diner Space with
New
For Sale
Contact for pricing
42922 Van Dyke Avenue, Sterling Heights, MI 48314
Set up for dine-in and carryout service, the restaurant includes seating, food-preparation areas, and a service counter.
Property Size2,873 SF
Price / SF$3.48
Days on Market2
Property Features for 42922 Van Dyke Avenue
General Information
Standard status
Active
Size
2,873 SF
Total Parking Spaces
38
Property subtype
Commercial
Zoning
Commercial
Additional Details
Seating Capacity
72
Taxes and HOA fees
Annual Taxes
$13,693
Building Details
Building Size
2,873 SF
Year Built
2003
Listing Agency:
Community Choice Realty Inc
Listed By:
Tony Shkreli · License #6501244700
(586) 801-9500
Source:
Alleyrealestatesales
Added: Nov 2
Last Checked: Nov 2 at 1:58PM
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 Community Choice Realty 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.
The restaurant space is configured for dine-in and carryout, with 72 seats, a kitchen and prep area, and a service counter. The building dates to 2003 and is zoned Commercial.
The property includes 38 parking spaces. Its restaurant layout supports a range of dining configurations.
The property includes 38 parking spaces. Its restaurant layout supports a range of dining configurations.
Key Highlights
- 72 seats for dine‑in service
- Kitchen, prep area, and service counter
- 38 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,992
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,840
$739.8K
Cap Rate 7%
$528,457
$528.5K
Cap Rate 9%
$411,022
$411.0K
Market Conditions
NOI Build-Up for 2,873 SF
Gross rent
$53.4K $18.60/SF
− Vacancy
−$4.1K −$1.43/SF
EGI
$49.3K $17.17/SF
− OpEx
−$12.3K −$4.29/SF
NOI
$37.0K $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%
$739,840
Cap Rate 7%
$528,457
Cap Rate 9%
$411,022
Alternative Uses
Best Use
Specialty Retail
$528.5K
$462.4K – $616.5K
NOI $36,992 @ 7.0% cap · market cap 369.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.8K
$554.6K – $739.4K
NOI $44,366 @ 7.0% cap · market cap 443.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 15%
Home Improvements & Furnishings 6%
Apparel 3%
Speedway
Shops & Services
18,113 visits/mo
0.3 miles
Mobil
Shops & Services
7,397 visits/mo
0.0 miles
KFC
Dining
5,583 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,316 visits/mo
0.2 miles
AutoZone
Shops & Services
3,429 visits/mo
0.1 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
Similar Off Market Nearby
- Atlantic Coney Island — 42922 Van Dyke Ave, Sterling Heights, MI 48314
- Sterling American Grill — 43727 Van Dyke Ave, Sterling Heights, MI 48314
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Set up for dine-in and carryout service, the restaurant includes seating, food-preparation areas, and a service counter.
Where is this breakfast & diner located?
The property is located at 42922 Van Dyke Avenue Sterling Heights, MI.
What are key features of this property?
This property features: 72 seats for dine‑in service; Kitchen, prep area, and service counter; 38 parking spaces
