40700 Van Dyke Ave, Sterling Heights, MI 48313-3741
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Sterling Heights, MISterling Heights. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.