Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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