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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$348,618
Retail / Commercial
$181,804
Mixed-Use / Specialty
$183,547
Hospitality / Lodging
$137,776
Office
$184,947
Institutional / Educational
$191,669
Residential Income
$224,253
Multifamily
$255,701
Automotive / Energy
$164,288
Parking / Income-Based Land
$54,331.40
Restaurant / Food Service
$100,567
Healthcare / Senior Housing
$185,772
Location Insight
City
Shelby Township
County
Macomb
State
Michigan
Latitude
42.6999
Longitude
-83.0362
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Van Dyke Ave Shelby Township, MI 48316
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Van Dyke Ave Shelby Township, MI 48316
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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