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Property profile & analytics
OFF-MARKET Estimated value $770,000
Commercial land

56120 Van Dyke Ave Shelby Township, MI 48316-5015

7,163 SF 1 ac lot Built 1952
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-1586123
Property summary
AI-generated overview

This exceptional 4,560 square foot retail property, situated on a one-acre corner lot in Macomb County, presents a remarkable investment opportunity. Located on Van Dyke Avenue, between 25 Mile and 26 Mile Roads, this property boasts unparalleled visibility and accessibility. The C-1 zoning allows for a wide range of commercial uses, making it ideal for a variety of businesses. The site offers ample parking and the added benefit of drive-thru capability, enhancing convenience for customers. The building itself is a newer construction, ensuring modern amenities and efficient operation. This single-tenant property provides a blank canvas for a discerning entrepreneur or investor seeking a high-traffic location with excellent potential for growth. The expansive 4,560 square foot building sits on a generous 4,560 square foot lot, providing ample space for development and expansion. Its strategic location on a major thoroughfare guarantees high visibility and significant foot traffic, making it an attractive proposition for businesses seeking maximum exposure. This is a rare opportunity to acquire a prime retail space in a thriving commercial area. Don't miss out on this chance to establish your business in a highly desirable location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1952
Total area 7,163 SF
Lot 1 ac (43,560 SF)
Zoning code C-1
APN 23-07-03-151-017
UPID US43-1586123
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
  • Proforma Construction Services Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$706k
Blend (final) Blend
$770k
Owner & transaction history
R & R True Investments LLC · 3 yrs held
R & R True Investments LLC
since 2023
Last sale
$800,000
5 recorded transactions
2023
Price N/A
2023
$800,000
2020
$450,000
2013
Price N/A
2013
$52,500
Zoning & alternative use
C-1 · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.0M +2.4%
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