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Property profile & analytics

40700 Van Dyke Ave Sterling Heights, MI 48313-3741

  • Outlet malls
  • 59,920 SF
  • 5.49 lot acres
OFF-MARKET
Last Sale
Jan 31, 2022
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1092437
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Outlet malls

Property Details for 40700 Van Dyke Ave

Year built
1971
Lot size
5.49 lot acres
Property size
59,920 SF
Zone code
C-3
Property type
Outlet malls
APN
10-10-15-101-020
APU
101015101020

Description

Van Dyke 18 Commons presents a compelling retail leasing opportunity in the thriving Sterling Heights submarket. This single-story, 59,920 square foot building, constructed in 1971, offers a flexible layout ideal for multiple tenants. Currently, 5,466 square feet of contiguous space is available, representing a significant portion of the total vacant space. The minimum divisible space is 2,606 square feet, providing options for businesses of varying sizes. The property is zoned C-3 General Business, allowing for a wide range of retail and restaurant uses. With ample parking (305 spaces) and a prime location on Van Dyke Road, this property ensures high visibility and accessibility for customers. The 5.49 acres of land provide ample room for expansion or outdoor amenities. This mid-box retail center offers a unique chance to establish a presence in a busy and established commercial area of Sterling Heights, Michigan. The property's size and location make it an attractive option for businesses seeking a strong foothold in a dynamic market. The existing infrastructure and ample parking further enhance the property's appeal to potential tenants. This is an exceptional opportunity to secure a prominent retail space in a high-traffic location.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Sterling Heights
County
Macomb
State
Michigan
Longitude
-83.029
Latitude
42.5939
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$61,138
$0.00
$0.00
$2,313,100
-
$0.00
$0.00
$4,626,200
More about this property
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