Property profile

35500 Van Dyke Ave Sterling Heights, MI 48312

OFF-MARKET
Commercial land
Property ID
US43-4197211
1.95 ac lot Built 1994
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding restaurant building, located at 35500 Van Dyke Ave in Sterling Heights, Michigan, presents a unique opportunity for a discerning restaurateur or retail business. The property boasts a substantial 5,743 square feet of space, all currently vacant and ready for immediate occupancy. Situated on a generous 1.95-acre lot, the building offers ample room for outdoor seating, parking, or expansion. The property's address is 35500 Van Dyke Ave, Sterling Heights, MI 48312, and its location within Macomb County provides excellent visibility and accessibility. The property is classified as retail and restaurant space, making it suitable for a wide range of culinary or retail concepts. The single-tenant occupancy ensures complete control and customization of the space. The building's size and layout provide flexibility for various business needs. The property's parcel number (APN) is 10-27-300-057. This is a rare opportunity to acquire a substantial, well-located property in a thriving Michigan community. The property is available for lease and is ready for a new tenant to create a successful business. The expansive lot size offers significant potential for future development or expansion. This property is ideal for a business seeking high visibility and a large footprint in a busy commercial area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1994
Lot 1.95 ac (84,811 SF)
Zoning code C-3
APN 10-10-27-300-057
UPID US43-4197211

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35500 Van Dyke Ave Sterling Heights, MI 48312-3561
Sterling Heights metro Census 231800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2020
1 recorded transaction
2020
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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