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    Property profile & analytics
    OFF-MARKET Estimated value $22,690,000
    Grocery and convenience stores

    33201 Van Dyke Ave, Sterling Heights, MI 48312-5924

    219,437 SF 18.8 ac lot Built 2007
    Trust Owned 18-yr Hold Free & Clear
    Property ID
    US43-5128918
    Property summary
    AI-generated overview

    This exceptional 9.03-acre commercial land parcel presents a prime retail investment opportunity in Sterling Heights, Michigan. Strategically located on Van Dyke Avenue, just north of East 14 Mile Road, this property enjoys unparalleled visibility and accessibility within a thriving retail corridor boasting an average daily traffic count of 60,000 vehicles. Its adjacency to a high-volume Walmart Supercenter ensures consistent foot traffic and brand recognition. The surrounding area is densely populated, with over 292,000 people residing within a 5-mile radius, exhibiting an average household income exceeding $67,000. This demographic profile underscores the significant consumer base available to businesses operating on this site. The property's location benefits from proximity to other major retail anchors, including Menards, Meijer, Aldi, and Lowe's, further enhancing its appeal and potential for success. The site's size and location make it suitable for a variety of commercial developments, including big-box retail establishments or a self-storage facility. The presence of additional traffic generators such as Art Van, Grace Christian Church (a 100,000+ square foot facility), Bae Systems, and several large automotive plants employing thousands of people, solidifies this location as a premier retail trade area in Macomb County. This property offers a rare chance to capitalize on a high-traffic location with strong demographics and established commercial presence. The property is located at 33201 Van Dyke Ave, Sterling Heights, MI 48312.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2007
    Total area 219,437 SF
    Lot 18.8 ac (818,928 SF)
    Zoning code PCD
    APN 10-10-33-400-016
    UPID US43-5128918
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $22.69M
    Blend (final) Blend
    $22.69M
    Owner & transaction history
    Wal-mart R/e Busn Trust · 18 yrs held
    Wal-mart R/e Busn Trust
    since 2007
    5 recorded transactions
    2007
    2006
    2005
    2004
    2004
    Zoning & alternative use
    PCD · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $31.1M +35.9%
    Medical building $27.0M +17.7%
    Office building $25.9M +13.3%
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