Property profile

42140 Van Dyke Ave Sterling Heights, MI 48314

FOR LEASE
Office buildings
Property ID
US43-1317222
22,000 SF 1.93 ac lot Built 1977
Entity Owned 6-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Business Service Center Corporate Office
  • Home Health Care Service Assisted Living Facility
  • Loan Service Bank

Location

42140 Van Dyke Ave Sterling Heights, MI 48314
Sterling Heights metro Census 230501 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
$1.25M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.33M

Owner & transaction history

since 2020
Last sale
$1.2M
3 recorded transactions
2020
$1.2M
2017
Price N/A
2004
Price N/A

Zoning & alternative use

C-2 · Sterling Heights, MI
Zoning description

This district is intended to provide a combination of convenience and comparison retail goods and services serving the needs of a broader market area than several neighborhood areas, as is the case with the C-1 district

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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