Entity Owned Property summary
This exceptional 5,202 square foot executive office space, located at 47127 Van Dyke Ave in Shelby Township, Michigan, presents a unique investment opportunity. Formerly a bank branch, this single-story, Class B building boasts two drive-thru windows, a highly desirable feature for various businesses. Situated on a 1.09-acre lot with prominent frontage on Van Dyke Avenue, the property benefits from high visibility and significant traffic volume exceeding 35,000 vehicles per day. The building, constructed in 1985 and renovated in 2012, is currently vacant and ready for immediate occupancy. Its convenient location near downtown Utica and M-59 provides easy access to major roadways and a thriving community. The property is zoned C-2, offering flexibility for a range of commercial uses. With its impressive size, prime location, and recent renovations, this property is an ideal choice for businesses seeking a high-impact presence in a bustling area. The property includes one unit and has a Macomb County APN of 23-07-28-478-028. The asking price is $879,000.
Property profile
VerifiedCap rate & NOI
Current use
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Atm Investment Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Shelby Township, MIThe C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Shelby Township, MI.
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