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    33875 Van Dyke Ave Sterling Heights, MI 48312

    Sponsored
    For Sale
    $990,000

    Vacant IHOP, 4,997 SF, High Visibility

    Property size:
    4,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,997-square-foot vacant restaurant space, formerly an IHOP, presents a unique opportunity for a savvy investor or restaurateur. Located at 33875 Van Dyke Ave in Sterling Heights, Michigan (48312), this single-story building sits on a 1.4-acre lot within the Sterling Ponds Shopping Center, anchored by a Walmart. Its prime location on the west side of Van Dyke Avenue, north of 14 Mile Road, ensures high visibility and accessibility. Built in 2000, the property boasts 60 parking spaces and is zoned for retail use. While the dining area has been gutted, providing a blank canvas for customization, the building retains existing kitchen infrastructure, including hoods and coolers, significantly reducing renovation costs. The property is offered at $990,000 and is ready for immediate occupancy. Surrounded by thriving commercial businesses, this location offers unparalleled potential for a successful venture. The property's size and location make it ideal for a variety of restaurant concepts or other retail uses. This is a rare opportunity to acquire a well-situated, ready-to-occupy commercial space in a high-traffic area.

    Property Features for 33875 Van Dyke Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,997 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    2000
    Stories
    1

    HighLights

    • 4,997 SF vacant restaurant space, formerly an IHOP, in Sterling Heights, MI.
    • Located at 33875 Van Dyke Ave, Sterling Heights, MI 48312, within Sterling Ponds Shopping Center, anchored by Walmart.
    • High‑visibility location on Van Dyke Ave, north of 14 Mile Rd, with 60 parking spaces.
    • Single‑story building on a 1.4‑acre lot, built in 2000, zoned for retail use.
    • Gutted dining area, existing kitchen infrastructure (hoods & coolers), $990,000, immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.028929517463
    Latitude
    42.542569029273

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    FAQs

    What type of property is this?
    Restaurant - Vacant IHOP, 4,997 SF, High Visibility
    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 $990,000.
    What are key features of this property?
    This property features: 4,997 SF vacant restaurant space, formerly an IHOP, in Sterling Heights, MI.; Located at 33875 Van Dyke Ave, Sterling Heights, MI 48312, within Sterling Ponds Shopping Center, anchored by Walmart.; High-visibility location on Van Dyke Ave, north of 14 Mile Rd, with 60 parking spaces.
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    33875 Van Dyke Ave Sterling Heights, MI 48312
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    Sterling Heights, MI 48312
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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
    33875 Van Dyke Ave Sterling Heights, MI 48312
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