Property profile

50646-50670 Van Dyke Ave Utica, MI 48317

OFF-MARKET
Neighborhood centers
18,712 SF 3.54 ac lot Built 1991
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Property summary

AI-generated overview

This exceptional 18,712 square foot retail strip center, located at 50646-50670 Van Dyke Ave in Utica, Michigan, presents a unique investment opportunity. Built in 1991, this single-story Class C property sits on a generous 3.54-acre lot, offering ample space and visibility. The property features 75+ parking spaces, ensuring convenient access for customers. Currently, there is 2,000 square feet of vacant space available, representing the last remaining unit in this busy plaza. The existing tenants contribute to a thriving commercial environment. The property is zoned C-2, allowing for a variety of retail uses. Its prime location at the intersection of Van Dyke and 23 Mile Roads guarantees high traffic counts and excellent exposure. The property's well-maintained condition and strong tenant occupancy make it an attractive investment. The parcel number is 10-10-22-301-012 in Macomb County. This is a rare chance to acquire the final available space in a thriving retail center. Don't miss this opportunity to secure a valuable asset in a high-demand location. The property boasts a total of 18,712 square feet, with the vacant space offering significant potential for immediate income generation. The property's single-story design and ample parking further enhance its appeal.

Property profile

Verified
Property type Neighborhood centers
Year built 1991
Total area 18,712 SF
Lot 3.54 ac (154,202 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50646-50670 Van Dyke Ave Utica, MI 48317
Utica metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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