Property profile

44725 Van Dyke Ave Utica, MI 48317

OFF-MARKET
Retail space
Property ID
US43-1026374
898 SF 0.13 ac lot Built 1952
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 898 square foot industrial property, situated on a 0.13-acre lot at 44725 Van Dyke Avenue in Utica, Michigan, presents a compelling investment opportunity. Boasting 141 feet of frontage on Van Dyke Avenue and convenient access to Hall Road (M-59), this location ensures high visibility and accessibility for any business. Currently configured as an auto dealership, the property's C-2 (General Commercial) zoning allows for a wide range of potential uses, including retail establishments, office spaces, or continued use as an automotive service center. The strategic location within Utica places the property in a thriving area, surrounded by a diverse mix of industrial, residential, and commercial developments, fostering a dynamic and supportive business environment. This property's prime location and flexible zoning make it an ideal choice for entrepreneurs and investors seeking a high-traffic, highly visible location to establish or expand their business. The substantial frontage on Van Dyke Avenue provides excellent exposure to a large volume of daily traffic, maximizing the potential for customer engagement and brand recognition. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area. The asking price is $695,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Total area 898 SF
Lot 0.13 ac (5,445 SF)
Zoning code C-2
APN 11-10-04-232-011
UPID US43-1026374

Cap rate & NOI

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

Location

44725 Van Dyke Ave Utica, MI 48317-5483
Utica metro Census 228100 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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2016
Price N/A

Zoning & alternative use

C-2 · Utica, MI
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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