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Property profile & analytics
FOR LEASE
Grocery and convenience stores
36600 Van Dyke Ave, Sterling Heights, MI 48312
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1935878
For Lease
1 / 2
$22,590,000
36600 Van Dyke Ave, Sterling Heights, MI 48312
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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
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
$22.59M
Blend (final)
Blend
$22.59M
Owner & transaction history
MEIJER
MEIJER
Zoning & alternative use
C-3 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.7M
+35.9%
Medical building
$26.6M
+17.7%
Office building
$25.6M
+13.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sterling Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$22,590,000
Current use
RESTAURANT
$30,700,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$26,600,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$25,595,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$18,625,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$22.59M
Range $20.33M – $24.85M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1986
Heating
FORCED AIR
Stories
1
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
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Sterling Heights, MI
Zoning C-3 · permitted uses
C-3 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$22.6M
RESTAURANT
Est. value
$30.7M
MEDICAL BUILDING
Est. value
$26.6M
OFFICE BUILDING
Est. value
$25.6M
AUTO REPAIR, GARAGE
Est. value
$18.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Stories
1
Lot
25.84 ac
Current owner
From public records · entity-resolved
MEIJER
Individual
Free & Clear · 0 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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