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    FOR SALE
    Turn key restaurants

    33785 Van Dyke Ave, Sterling Heights, MI 48312

    4,990 SF 1.56 ac lot Built 1998
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-1518066
    Property summary
    AI-generated overview

    This exceptional 4,997 square foot single-tenant retail space, built in 2000, is ideally situated within the Sterling Ponds Shopping Center in Sterling Heights, Michigan. Located on the west side of Van Dyke Avenue, north of 14 Mile Road, this property benefits from high visibility and convenient access. The shopping center is anchored by a Walmart, ensuring significant foot traffic and brand recognition. The building is a single-story structure with ample parking, accommodating 60 vehicles. Its prime location offers unparalleled access to a thriving commercial area, placing it in close proximity to major employers and institutions. These include the GM Tech Center, Chrysler, Beaumont Hospital, and Macomb Community College, guaranteeing a substantial pool of potential customers. The entire 4,997 square feet is currently vacant, presenting a unique opportunity for a restaurant or other retail business to establish a strong presence in a high-demand area of Macomb County, Michigan. The property's address is 33785 Van Dyke Ave, Sterling Heights, MI 48312. This is a rare chance to secure a well-positioned retail space in a bustling commercial hub.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1998
    Total area 4,990 SF
    Lot 1.56 ac (68,171 SF)
    Zoning code PCD
    APN 10-10-33-426-004
    UPID US43-1518066
    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
    $1.02M
    Blend (final) Blend
    $1.02M
    Owner & transaction history
    Akaashaman LLC · 10 yrs held
    Akaashaman LLC
    since 2015
    6 recorded transactions
    2015
    $3.1M
    2011
    2010
    2010
    2006
    2004
    Zoning & alternative use
    PCD · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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