42140 Van Dyke AveSterling Heights, MI 48314

Property Details for 42140 Van Dyke Ave

Year built

1977

Lot size

1.93 AC

Property size (Sq ft)

22,000 SF

Zone code

C-2

Property type

Office buildings

APN

10-10-10-152-026

APU

101010152026

Description

This exceptional Sterling Heights office property, located at 42144 Van Dyke Ave (cross streets: Van Dyke Ave | 18 1/2 Mile), offers a variety of flexible workspace options. The building, constructed in 1985 and extensively renovated in 2021, boasts a total of 22,000 square feet across two stories. The property is zoned C-2 and sits on a generous 2.5-acre lot, providing ample parking with 100 spaces available. Currently, there are 3,000 square feet of vacant space available, divisible into units as small as 3,000 square feet. The building is well-suited for a variety of office uses, including traditional office, creative office, executive office, and coworking spaces. Modern amenities include elevators for convenient access to all floors. This prime location in the Detroit submarket offers easy access to major thoroughfares and provides a professional image for any business. The property's versatile layout and recent renovations make it an ideal choice for businesses seeking a modern and efficient workspace in a thriving area. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional Sterling Heights location. The zip code is 48314.

• CAP approach

  CAP return

  Valuation

  6%

  $4,575,679

  6.5%

  $4,223,704

  7%

  $3,922,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,057,880

  Geo Method

  $2,057,880

• Alternative Use

  Use

  Valuation

  Residential

  $5,237,392

  Hospitality

  $4,797,423

  Educational

  $3,991,400

  Medical

  $4,128,670

  Retail

  $6,208,844

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.6034

Longitude

-83.0303

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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