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    OFF-MARKET
    Auto shops

    33700 Van Dyke Ave, Sterling Heights, MI 48312-5933

    1,881 SF 0.52 ac lot Built 1966
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US43-1061524
    Property summary
    AI-generated overview

    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
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1966
    Total area 1,881 SF
    Lot 0.52 ac (22,564 SF)
    Zoning code C-3
    APN 10-10-34-302-004
    UPID US43-1061524
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Eugene A Zaniewski · 4 yrs held
    Eugene A Zaniewski
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    C-3 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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