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    FOR SALE
    Office buildings

    42140 Van Dyke Ave, Sterling Heights, MI 48314

    22,000 SF 1.93 ac lot Built 1977
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-1317222
    42140 Van Dyke Ave, Sterling Heights, MI 48314 For Sale
    $850,000 22,000 SF
    42140 Van Dyke Ave, Sterling Heights, MI 48314
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    Property summary
    AI-generated overview

    This exceptional Sterling Heights office property, located at 42144 Van Dyke Ave (cross streets: Van Dyke Ave | 18 1/2 Mile), offers a variety of flexible workspace options. The building, constructed in 1985 and extensively renovated in 2021, boasts a total of 22,000 square feet across two stories. The property is zoned C-2 and sits on a generous 2.5-acre lot, providing ample parking with 100 spaces available. Currently, there are 3,000 square feet of vacant space available, divisible into units as small as 3,000 square feet. The building is well-suited for a variety of office uses, including traditional office, creative office, executive office, and coworking spaces. Modern amenities include elevators for convenient access to all floors. This prime location in the Detroit submarket offers easy access to major thoroughfares and provides a professional image for any business. The property's versatile layout and recent renovations make it an ideal choice for businesses seeking a modern and efficient workspace in a thriving area. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional Sterling Heights location. The zip code is 48314.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1977
    Total area 22,000 SF
    Lot 1.93 ac (83,984 SF)
    Zoning code C-2
    APN 10-10-10-152-026
    UPID US43-1317222
    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
    $1.25M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    K S S Properties LLC · 5 yrs held
    K S S Properties LLC
    since 2020
    Last sale
    $1.2M
    3 recorded transactions
    2020
    $1.2M
    2017
    2004
    Zoning & alternative use
    C-2 · Sterling Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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