Property profile

56120 Van Dyke Ave Shelby Township, MI 48316

FOR LEASE
Commercial land
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Property ID
US43-1586123
7,163 SF 1 ac Built 1952
Last sale Mar 2023·$800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a vacant one-acre corner parcel located near the intersection of 26 Mile and Van Dyke. It sits on a block with surrounding retail development and is positioned for access from both street frontages associated with a corner lot. The site is zoned C-2, which supports a range of commercial uses consistent with that zoning classification, and it is a retail-focused corner location. Based on the stated concept for project design, a drive-through configuration may be possible subject to applicable site planning and approvals.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value · 2023$148k
Effective rate4.80%

Value estimate

· Nov 2026
$770k
$693k – $847k
Submarket $/SF estimate$706k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$7k
Operating expenses−$14k
NOI · 84,270.00% cap applied$34k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$138/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$99 – $226
Qualifying comparables17

Cap rate analysis

How does the asset earn?
84,270.00%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm23.3
Building Supply22.3
Wholesale Shop21.6

Location

56120 Van Dyke Ave Shelby Township, MI 48316
County assessor Recorded deeds · 5 transfers 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Van Dyke, Shelby Township, MI 48316 $390,000 Mar 2025 No data
51100 Napi, Shelby Township, MI 48316 $375,000 Aug 2024 No data
7760 24th Mile, Shelby Township, MI 48316-2506 $1,482,000 Aug 2020 1,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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