You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Drug stores

51037 Van Dyke Ave Shelby Township, MI 48316-4438

11,093 SF 1.91 ac lot Built 1999
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US43-0741674
Property summary
AI-generated overview

This exceptional 11,180-square-foot freestanding retail building presents a unique investment opportunity in the thriving Shelby Township market. Located at 51037 Van Dyke Ave, Shelby Township, MI 48316, this single-tenant property sits on a generous 1.91-acre lot, offering ample space and visibility. The building is currently vacant, providing a blank canvas for a wide range of retail uses. Its C-3 zoning allows for diverse commercial applications, catering to various business needs. The property boasts a significant footprint, making it ideal for businesses requiring substantial space. With its prominent location on Van Dyke Avenue, this property benefits from high traffic volume and excellent exposure to potential customers. The property's size and location make it an attractive option for a variety of retail businesses seeking a high-profile presence in a busy commercial area. The parcel number is 07-16-476-024, and the property is situated in Macomb County, Michigan. This is a rare opportunity to acquire a substantial retail space in a desirable location with significant potential for growth and profitability. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. This location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking to establish a strong presence in the Shelby Township market. The ample parking available further enhances the property's appeal to both businesses and customers.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1999
Total area 11,093 SF
Lot 1.91 ac (82,982 SF)
Zoning code C-3
APN 23-07-16-476-024
UPID US43-0741674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • higi Physician
  • Jennifer Patros Pharmacy
  • Coinhub Bitcoin ATM Teller Atm
  • CDReload - Online Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.51M
Owner & transaction history
Mi 2012 LLC · 10 yrs held
Mi 2012 LLC
since 2016
4 recorded transactions
2017
Price N/A
2016
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C-3 · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +15.0%
Commercial (general) $1.5M +12.3%
Office building $1.5M +12.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51037 Van Dyke Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message