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    OFF-MARKET
    Retail properties & Spaces

    33875 Van Dyke Ave, Sterling Heights, MI 48312

    4,997 SF 1.4 ac lot Built 2000
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Year built 2000
    Total area 4,997 SF
    Lot 1.4 ac (60,984 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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