33879 Van Dyke AveSterling Heights, MI 48312

Property Details for 33879 Van Dyke Ave

Year built

1997

Lot size

2.29 AC

Property size (Sq ft)

7,794 SF

Zone code

PCD

Property type

Turn key restaurants

APN

10-10-33-426-005

APU

101033426005

Description

This exceptional 3.85-acre commercial land parcel, located at 33879 Van Dyke Ave in Sterling Heights, Michigan (48312), presents a unique investment opportunity. The property boasts 10,000 square feet of vacant land, previously occupied by a building that has since been demolished. This offers a clean slate for development, with permitted zoning for retail use. The asking price is $1,900,000, translating to $190 per square foot. The site benefits from excellent visibility and accessibility, featuring over 400 feet of frontage on Van Dyke Avenue, a high-traffic thoroughfare. Its strategic location in a Walmart outlot ensures significant exposure and convenient access to 14 Mile Road. Ample parking is available with 160 spaces provided. The property is currently vacant and available for immediate development. This owner/user investment opportunity is further enhanced by an existing ground lease. The property is zoned for retail use and presents a compelling opportunity for businesses seeking high visibility and convenient access in a thriving Sterling Heights location. This is a rare chance to acquire a well-positioned commercial lot in a desirable area of Macomb County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,382,926

  6.5%

  $2,199,624

  7%

  $2,042,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,837,208

  Geo Method

  $1,837,208

• Alternative Use

  Use

  Valuation

  Residential

  $1,855,465

  Hospitality

  $1,699,596

  Educational

  $1,414,044

  Medical

  $1,462,675

  Retail

  $2,199,624

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.5417

Longitude

-83.03

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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