Remodeled Retail
For Sale
Contact for pricing
50320 Van Dyke, Shelby Twp, MI 48317
C-1 zoning supports a range of local retail and service uses, subject to municipal approval.
Property Size1,345 SF
Price / SF$1.49
Days on Market31
Property Features for 50320 Van Dyke
General Information
Standard status
Active
Size
1,345 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
new lighting
fresh paint
pylon signage
one restroom
Listing Agency:
Community Choice Realty Inc
(248) 729-0011
Listed By:
Rana Yalda · License #6501444994
(586) 258-9984
Source:
Goodhomemi
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 2:56PM
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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Investment Insights
Based on property information with market context.
This 1,345-square-foot retail space has been remodeled with updated lighting and fresh paint. The layout measures approximately 19.5 feet by 69 feet and includes one restroom. A front parking lot accommodates 12 vehicles, and pylon signage is available.
The space is on Van Dyke Road in Shelby Township, south of 23 Mile Road, within the Van Dyke/Macomb retail corridor. The road carries approximately 25,000 vehicles per day, with access to M-59 and M-53. Zoned C-1 Local Retail Business, the property is suited to a variety of retail and service uses, subject to verification with the municipality.
The space is on Van Dyke Road in Shelby Township, south of 23 Mile Road, within the Van Dyke/Macomb retail corridor. The road carries approximately 25,000 vehicles per day, with access to M-59 and M-53. Zoned C-1 Local Retail Business, the property is suited to a variety of retail and service uses, subject to verification with the municipality.
Key Highlights
- 1,345 square feet; approximately 19.5 feet by 69 feet
- Remodeled with updated lighting and fresh paint
- One restroom and front parking for 12 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,942
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,840
$198.8K
Cap Rate 7%
$142,029
$142.0K
Cap Rate 9%
$110,467
$110.5K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$16.1K $12.00/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$14.2K $10.56/SF
− OpEx
−$4.3K −$3.17/SF
NOI
$9.9K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,840
Cap Rate 7%
$142,029
Cap Rate 9%
$110,467
Alternative Uses
Best Use
Retail
$142.0K
$124.3K – $165.7K
NOI $9,942 @ 7.0% cap · market cap 497.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap · market cap 881.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
McDonald's
Dining
24,073 visits/mo
0.4 miles
Burger King
Dining
16,512 visits/mo
0.3 miles
Tim Hortons
Dining
11,148 visits/mo
0.5 miles
Genisys Credit Union
Shops & Services
5,841 visits/mo
0.3 miles
Taco Bell
Dining
5,771 visits/mo
0.3 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?
Retail space - C-1 zoning supports a range of local retail and service uses, subject to municipal approval.
Where is this retail space located?
The property is located at 50320 Van Dyke Shelby Twp, MI.
What are key features of this property?
This property features: 1,345 square feet; approximately 19.5 feet by 69 feet; Remodeled with updated lighting and fresh paint; One restroom and front parking for 12 vehicles
