Property profile

33700 Van Dyke Ave Sterling Heights, MI 48312

OFF-MARKET
Auto shops
Property ID
US43-1061524
1,881 SF 0.52 ac lot Built 1966
Individually Owned 4-yr Hold Free & Clear
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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

Location

33700 Van Dyke Ave Sterling Heights, MI 48312-5933
Sterling Heights metro Census 232200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$350k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

C-3 · Sterling Heights, MI
Zoning description

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

General category COMMERCIAL

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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