Former Restaurant in Sterling
33875 Van Dyke Ave Sterling Heights, MI 48312
33875 Van Dyke Ave, Sterling Heights, MI, 48312
Contact for pricing
For Sale
Contact for pricing
Former restaurant located in Sterling Ponds Shopping Center.
Property Size4,997 SF
Price / SF$190.11
Days on Market2420
Property Features for 33875 Van Dyke Ave
General Information
- Standard status
- Active
- Size
- 4,997 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
Transwestern Detroit
(248) 440-1447
Listed by
Charles Howard · License #MI 6506044836
Source
Crexi
Added: Dec 5, 2019 Updated: Jul 10 at 3:44PM Checked: Jul 17 at 9:14AM
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 Transwestern Detroit
Investment Insights
Based on property information with market context.
Located on the west side of Van Dyke Avenue, north of 14 Mile Road, this 4,997-square-foot former restaurant is situated in the Sterling Ponds Shopping Center, anchored by Walmart. The site is surrounded by numerous commercial businesses. The building retains existing hoods and coolers. The dining area has been gutted and is ready for design. Ownership is seeking the building's next tenant.
Key Highlights
- Located in Sterling Ponds Shopping Center anchored by Walmart.
- High‑traffic location on Van Dyke Avenue, north of 14 Mile Road.
- Surrounded by many commercial businesses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $18.60 |
| − Vacancy | −$7.2k | −$1.43 |
| EGI | $85.8k | $17.17 |
| − OpEx | −$21.4k | −$4.29 |
| NOI | $64.3k | $12.88 |
4,997 SF · lease $18.60/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$919.2K
$804.3K – $1.07M
NOI $64,341 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.6K – $1.29M
NOI $77,165 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
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FAQs
What type of property is this?
Restaurant - Former restaurant located in Sterling Ponds Shopping Center.
Where is this restaurant located?
The property is located at 33875 Van Dyke Ave Sterling Heights, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Located in Sterling Ponds Shopping Center anchored by Walmart.; High‑traffic location on Van Dyke Avenue, north of 14 Mile Road.; Surrounded by many commercial businesses.
