Property profile

42430 Van Dyke Ave Sterling Heights, MI 48314

OFF-MARKET
Commercial real estate
Property ID
US43-0343640
6,580 SF 0.92 ac lot Built 1981
Individually Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This Sterling Heights, MI property at 42430 Van Dyke Ave offers a 940 square foot end-cap retail/office suite, ideal for medical or professional use. Located in a plaza with high foot traffic due to an anchor tenant (Holiday Pizza), this single-story building boasts updated features including a marquee sign, ceiling LED lighting, new road signage, and floodlights. The suite includes six private rooms and a reception area. The building, constructed in 1981, totals 6,580 square feet across six suites, situated on a 0.91-acre lot. Ample parking is provided with 36 spaces, offering six spaces per tenant. The property benefits from its high-visibility location on heavily trafficked Van Dyke Ave (46,000 vehicles per day) and proximity to M-53 (61,000 vehicles per day) and M-59 (Hall Road), less than one mile away. The building features a newer furnace (installed in 2019) and new signage (installed in 2024). The property is zoned C-1 and is surrounded by retail, industrial, and national tenants, making it an excellent location with strong demographics. The asking rate is $17.00 per square foot, triple net, resulting in a monthly rent of $1,628. The minimum divisible space is 940 square feet, with a maximum contiguous space of 940 square feet. The property's APN is 10-10-10-151-017. This is the last available space in the building.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Total area 6,580 SF
Lot 0.92 ac (39,988 SF)
Zoning code C-1
APN 10-10-10-151-017
UPID US43-0343640

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42430 Van Dyke Ave Sterling Heights, MI 48314-3322
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
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$1.67M

Owner & transaction history

since 2004
2 recorded transactions
2004
$525,000
2004
Price N/A

Zoning & alternative use

C-1 · Sterling Heights, MI
Zoning description

The C-1 Local Convenience Business District is designated to meet the day-to-day convenience shopping and service needs of persons residing in adjacent residential areas

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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