Property profile

33201 Van Dyke Ave Sterling Heights, MI 48312

OFF-MARKET
Grocery and convenience stores
Property ID
US43-5128918
219,437 SF 18.8 ac lot Built 2007
Trust Owned 18-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Law Firm Security Service
  • Electrical Service General Contractor
  • Hardware & Home Improvement
  • Bank Credit Union
  • Pharmacy

Location

33201 Van Dyke Ave Sterling Heights, MI 48312-5924
Sterling Heights metro Census 982002 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2007
5 recorded transactions
2007
Price N/A
2006
Price N/A
2005
Price N/A
2004
Price N/A
2004
Price N/A

Zoning & alternative use

PCD · Sterling Heights, MI
Zoning description

The Planned Center District is intended to provide, through comprehensive planning, zoning and project review for the development of high intensity, multipurpose centers in planned locations which will serve as focal poi…

General category UNKNOWN
Top alternative use upside
Restaurant $31.1M +35.9%
Medical building $27.0M +17.7%
Office building $25.9M +13.3%

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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