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Property profile & analytics
FOR SALE
Turn key restaurants

33879 Van Dyke Ave Sterling Heights, MI 48312

7,794 SF 2.29 ac lot Built 1997
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US43-1092828
Property summary
AI-generated overview

This exceptional 3.85-acre commercial land parcel, located at 33879 Van Dyke Ave in Sterling Heights, Michigan (48312), presents a unique investment opportunity. The property boasts 10,000 square feet of vacant land, previously occupied by a building that has since been demolished. This offers a clean slate for development, with permitted zoning for retail use. The asking price is $1,900,000, translating to $190 per square foot. The site benefits from excellent visibility and accessibility, featuring over 400 feet of frontage on Van Dyke Avenue, a high-traffic thoroughfare. Its strategic location in a Walmart outlot ensures significant exposure and convenient access to 14 Mile Road. Ample parking is available with 160 spaces provided. The property is currently vacant and available for immediate development. This owner/user investment opportunity is further enhanced by an existing ground lease. The property is zoned for retail use and presents a compelling opportunity for businesses seeking high visibility and convenient access in a thriving Sterling Heights location. This is a rare chance to acquire a well-positioned commercial lot in a desirable area of Macomb County.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Total area 7,794 SF
Lot 2.29 ac (99,665 SF)
Zoning code PCD
APN 10-10-33-426-005
UPID US43-1092828
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
$677k
Blend (final) Blend
$675k
Owner & transaction history
Akaashaman LLC · 10 yrs held
Akaashaman LLC
since 2015
6 recorded transactions
2015
$3.1M
2011
Price N/A
2010
Price N/A
2010
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
PCD · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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