Property profile

38300 Van Dyke Ave Sterling Heights, MI 48312

OFF-MARKET
Medical Office Space
Property ID
US43-0307901
12,072 SF 1.68 ac lot Built 1987
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The Omni Medical Center, located at 38300 Van Dyke Ave in Sterling Heights, MI 48312, offers exceptional medical office space for lease. This Class C building, constructed in 1987, boasts a total of 12,072 square feet and comprises four suites. Currently, 4,714 square feet are available, divisible into spaces ranging from a minimum of 900 square feet to a maximum contiguous space of 2,338 square feet. Three individual suites are currently available for lease, making this an ideal opportunity for medical practices seeking expansion or relocation. While medical tenants are preferred, the space is suitable for a variety of office uses. The building's convenient location in Sterling Heights provides easy access to major thoroughfares and a robust local clientele. The property presents a unique chance to secure well-priced, functional office space in a thriving Michigan community. Interested parties should inquire about lease terms and availability for these versatile and adaptable suites. The building's address is easily accessible and well-suited for patient and client traffic. This is a rare opportunity to secure office space in a well-established building with immediate availability.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 12,072 SF
Lot 1.68 ac (72,963 SF)
Zoning code C-3
APN 10-10-22-151-014
UPID US43-0307901

Cap rate & NOI

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

Location

38300 Van Dyke Ave Sterling Heights, MI 48312-1123
Sterling Heights metro Census 231200 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
$1.37M
Blend (final) Blend
$445k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2011
$575,000
2011
Price N/A
2005
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
Top alternative use upside
Restaurant $1.7M +15.4%

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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