Property profile

36600 Van Dyke Ave Sterling Heights, MI 48312

FOR LEASE
Grocery and convenience stores
Property ID
US43-1935878
216,565 SF 25.84 ac lot Built 1986
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located inside a high-traffic Meijer store in Sterling Heights, Michigan. The 675 square foot space offers a prime, front-of-store location providing unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept boasts a strategic placement for maximum customer interaction, leveraging Meijer's consistent shopper flow to drive business growth. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM charges, and utilities, simplifying operational costs. Branding opportunities are available, including both interior and exterior signage. The property is situated in a thriving trade area with a desirable customer base, making it an ideal location for a variety of businesses. The space is located at 36600 Van Dyke Ave, Sterling Heights, MI 48312, within Macomb County. This turnkey solution offers significant advantages for businesses seeking high foot traffic and exposure in a well-established retail environment. The property is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1986
Total area 216,565 SF
Lot 25.84 ac (1,125,590 SF)
Zoning code C-3
APN 10-10-27-101-034
UPID US43-1935878

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy
  • Financial Advisor
  • Bank Credit Union
  • Physician
  • Specialty Food Shop Supermarket

Location

36600 Van Dyke Ave Sterling Heights, MI 48312
Sterling Heights metro Census 231800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.59M
Blend (final) Blend
$435k

Owner & transaction history

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
Top alternative use upside
Restaurant $30.7M +35.9%
Medical building $26.6M +17.7%
Office building $25.6M +13.3%

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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