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    33785 Van Dyke Fwy Sterling Heights, MI 48314

    For Sale
    $990,000

    Vacant IHOP, 4,997 SF, High Traffic

    Property size:
    4,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,997 square foot restaurant space, formerly an IHOP, presents a unique investment opportunity in the thriving Sterling Heights, Michigan market. Located at 33785 Van Dyke Fwy, 48314, this vacant retail property boasts a prime location with high visibility and significant daily traffic—an estimated 50,000 cars per day. The building is categorized as an institutional investment type and is currently vacant, allowing for complete customization to suit a wide range of restaurant concepts. The interior seating area has been gutted, providing a blank canvas for a complete renovation and modern design. The property's size offers ample space for a kitchen, dining area, and additional amenities. The asking price for this turnkey opportunity is $990,000. This property is situated in Macomb County, Michigan, offering easy access to major roadways and a dense population base. The address is precisely 33785 Van Dyke Fwy, Sterling Heights, MI 48314. This is an ideal location for an established restaurant chain or an ambitious entrepreneur looking to establish a new brand in a high-traffic area. The property's existing infrastructure provides a solid foundation for a quick and efficient build-out. Don't miss this chance to acquire a highly visible and well-positioned restaurant space in a bustling commercial area.

    Property Features for 33785 Van Dyke Fwy

    General Information

    Property type
    Restaurants
    Square Feet
    4,997 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.028698487903
    Latitude
    42.542614756894

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    FAQs

    What type of property is this?
    Restaurant - Vacant IHOP, 4,997 SF, High Traffic
    Where is this restaurant located?
    The property is located at 33785 Van Dyke Fwy Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $990,000.
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    33785 Van Dyke Fwy Sterling Heights, MI 48314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33785 Van Dyke Fwy Sterling Heights, MI 48314
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