Property summary
This exceptional retail investment opportunity presents a 1,881 square foot convenience store and gas station situated on a prominent 0.52-acre corner lot in Sterling Heights, Michigan. Built in 1966, the single-story building is zoned for commercial use and boasts a highly visible location on Van Dyke Avenue, a major thoroughfare, at the intersection with Denwood Drive, complete with a traffic signal. The asking price is $1,800,000, translating to $957 per square foot. The property is privately owned and is being offered as-is, including all existing equipment. This presents a unique chance for an investor or owner-occupant to capitalize on the property's prime location and high traffic volume. Numerous redevelopment possibilities exist, including expanding the existing convenience store and gas station operations or converting the space into a full-service oil change facility. The property's potential is limited only by the buyer's imagination. The parcel number is 1034302004. This is a turnkey opportunity in the fourth largest city in Michigan, offering significant upside potential for the right buyer. The property's strategic location and existing infrastructure make it an ideal investment for those seeking a high-return opportunity in a thriving market. Don't miss this chance to acquire a well-positioned commercial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Sterling Heights, MIThe C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Sterling Heights, MI.
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Find the owner behind the property.
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