Property profile

55133 Van Dyke Ave Shelby Twp, MI 48316

FOR LEASE
Commercial land
Property ID
US43-1789694
850 SF 5.16 ac lot Built 1947
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A commercial property, "Shops At River's Edge," offers a diverse range of spaces ideal for retail, restaurant, and office uses. The 37,204 square foot complex sits on a 4.1-acre lot in Macomb County and boasts three buildings, each with unique offerings. Building #1 (North) features 1,940 square feet and 8,070 square feet of available retail space. Building #2 (South) provides 10,133 square feet of retail space and a 1,973 square foot drive-thru opportunity. Building #3 offers a 5,990 square foot restaurant space complete with an outdoor patio, plus 10,322 square feet of office space. The property features a total of 14 suites, with a minimum divisible space of 1,870 square feet and a maximum contiguous space of 19,290 square feet. Ample parking is available with 255 spaces. The property is conveniently located just north of 25 Mile Road, west of Van Dyke Avenue, offering excellent visibility and convenient access along a high-traffic corridor. Its proximity to M-53 further enhances its accessibility. The property is zoned C-2 and was newly constructed in 2024. The single-story buildings offer a modern and efficient layout. This is a rare opportunity to secure space in a brand-new, high-visibility location. The APN is 23-07-04-476-005.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1947
Total area 850 SF
Lot 5.16 ac (224,595 SF)
Zoning code R-12
APN 23-07-04-476-005
UPID US43-1789694

Cap rate & NOI

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

Location

55133 Van Dyke Ave Shelby Twp, MI 48316
Shelby Twp metro Census 225200 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
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Blend (final) Blend
$190k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2004
Price N/A

Zoning & alternative use

R-12 · Shelby Township, MI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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