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    Property profile & analytics
    OFF-MARKET Estimated value $6,590,000
    Outlet malls

    40700 Van Dyke Ave, Sterling Heights, MI 48313-3741

    59,920 SF 5.49 ac lot Built 1971
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-1092437
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1971
    Total area 59,920 SF
    Lot 5.49 ac (239,101 SF)
    Zoning code C-3
    APN 10-10-15-101-020
    UPID US43-1092437
    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
    $6.59M
    Blend (final) Blend
    $6.59M
    Owner & transaction history
    18 Mile Van Dyke LLC · 4 yrs held
    18 Mile Van Dyke LLC
    since 2022
    7 recorded transactions
    2022
    2022
    2018
    2008
    2007
    2006
    2005
    Zoning & alternative use
    C-3 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $8.5M +35.9%
    Medical building $7.4M +17.7%
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