Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Sterling Heights, MIThe 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
Zoning
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Zoning designation
Official district profile
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
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The district profile from the municipal source: what is on file for C-1 in Sterling Heights, MI.
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