Mixed-Use Property with Attached
New
For Sale
$800,000
47801 Van Dyke Ave, Utica, MI 48317
The property includes a four-bedroom home, on-site parking, and city water and sewer connections.
Property Size2,841 SF
Lot Size0.68 Acres
Days on Market2
Property Features for 47801 Van Dyke Ave
General Information
Standard status
Active
Size
2,841 SF
Lot size
0.68 Acres
Property subtype
Commercial
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$6,683
Building Details
Building Size
2,841 SF
Year Built
2004
Listing Agency:
Paradise Realty II LLC
Listed By:
Aggie R Fisk
(248) 568-4521
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:33PM
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 Paradise Realty II LLC
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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.
This mixed-use property combines commercial space with an attached residence built in 2004. The home has four bedrooms and two full bathrooms. The commercial area was previously used as a florist and gift shop, and the site includes parking. City water and sewer are connected and paid for.
The property occupies 0.68 acres and has 100 feet of frontage on Van Dyke Ave. Walk Score is 44 and Bike Score is 35.
The property occupies 0.68 acres and has 100 feet of frontage on Van Dyke Ave. Walk Score is 44 and Bike Score is 35.
Key Highlights
- Attached home with 4 bedrooms and 2 full baths
- Commercial space previously used as a florist and gift shop
- 0.68 acres with 100 foot of road frontage on Van Dyke Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,751
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,020
$675.0K
Cap Rate 7%
$482,157
$482.2K
Cap Rate 9%
$375,011
$375.0K
Market Conditions
NOI Build-Up for 2,841 SF
Gross rent
$61.4K $21.60/SF
− Vacancy
−$7.4K −$2.59/SF
EGI
$54.0K $19.01/SF
− OpEx
−$20.3K −$7.13/SF
NOI
$33.8K $11.88/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,020
Cap Rate 7%
$482,157
Cap Rate 9%
$375,011
Alternative Uses
Best Use
Mixed Use
$482.2K
$421.9K – $562.5K
NOI $33,751 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$300.0K
$262.5K – $350.0K
NOI $21,001 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$531.9K
$465.4K – $620.5K
NOI $37,232 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Groceries 30%
Shops & Services 6%
Beauty & Spa 5%
Aldi
Groceries
26,791 visits/mo
0.3 miles
McDonald's
Dining
20,956 visits/mo
0.2 miles
Taco Bell
Dining
10,163 visits/mo
0.4 miles
Tim Hortons
Dining
9,964 visits/mo
0.4 miles
Arby's
Dining
5,712 visits/mo
0.2 miles
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes a four-bedroom home, on-site parking, and city water and sewer connections.
Where is this mixed-use property located?
The property is located at 47801 Van Dyke Ave Utica, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Attached home with 4 bedrooms and 2 full baths; Commercial space previously used as a florist and gift shop; 0.68 acres with 100 foot of road frontage on Van Dyke Ave
