53700 Van Dyke AveShelby Township, MI 48316

Property Details for 53700 Van Dyke Ave

Year built

1968

Lot size

0.56 AC

Property size (Sq ft)

2,629 SF

Zone code

CK MAP

Property type

Office buildings

APN

23-07-10-302-005

APU

230710302005

Description

This exceptional 428-square-foot office space is ideally situated in Shelby Township, Michigan, at 53700 Van Dyke Ave, zip code 48316. The property is a single-tenant occupancy, offering a high degree of privacy and control. Categorized as both traditional and executive office space, it's perfect for a small business or professional needing a well-maintained and functional workspace. The suite boasts a private entry, ensuring client confidentiality and a professional image. Inside, you'll find a dedicated office area, a generously sized conference or common area, ideal for meetings or collaborative work, and a private bathroom for added convenience. The property is classified as retail and office, reflecting its versatile nature and potential for various business uses. Its location in Shelby Township provides easy access to major roadways and amenities, making it a highly desirable location for businesses seeking a blend of convenience and professionalism. This is a rare opportunity to secure a well-appointed, private office space in a prime Shelby Township location. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $619,699

  6.5%

  $572,030

  7%

  $531,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,917

  Geo Method

  $245,917

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,078,250

  Retail / Commercial

  $562,309

  Mixed-Use / Specialty

  $567,700

  Hospitality / Lodging

  $426,132

  Institutional / Educational

  $592,822

  Residential Income

  $693,602

  Multifamily

  $790,868

  Automotive / Energy

  $508,133

  Parking / Income-Based Land

  $168,044

  Restaurant / Food Service

  $311,049

  Healthcare / Senior Housing

  $574,581

Location Insight

City

Shelby Township

County

Macomb

State

Michigan

Latitude

42.6893

Longitude

-83.034

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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