Market Place Shopping Center | 35630 Van Dyke Ave
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Market Place Shopping Center 35630 Van Dyke Ave
37,000 SF Retail Building Sterling Heights, MI 48312 $1,950,000 ($53/SF)
Executive Summary
This spacious, vacant, freestanding 37,000+/- building with 19-foot clear span ceilings in desirable Sterling Heights along the C-3 Van Dyke Mixed Use District is perfect for a variety of uses (ex.) indoor sports facilities, pickleball, tennis courts, basketball courts, baseball training, trampoline parks, laser tag, a paintball arena, restaurant, and retail uses. No pylon signage rights are being assigned or sold with this property. Seller is not conveying any ECR Declarant Rights or voting rights as part of the sale. Existing truck well to be removed and blocked in as well as the existing eastern doors and masonry facing the eastern vacant land. The use restrictions are attached as an additional document. Excess land with this parcel will be retained by seller. When a final buyers’ use is known, a parking calculation will be determined, and the appropriate number of parking spaces will be assigned to the building and the balance of the excess land will be retained by seller.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Taxes | $38,057 | $1.03 |
Operating Expenses | - | - |
Total Expenses | $38,057 | $1.03 |
Financial Summary (Actual - 2023)
Taxes | |
---|---|
Annual | $38,057 |
Annual Per SF | $1.03 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $38,057 |
Annual Per SF | $1.03 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
37,000 SF
Building Class
C
Year Built
1991
Price
$1,950,000
Price Per SF
$53
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Land Acres
2.17 AC
Zoning
C-3/VDMUD - Please see attached zoning ordinances.
Parking
80 Spaces (2.16 Spaces per 1,000 SF Leased)
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 10-10-27-300-048 | Total Assessment | $855,600 (2024) |
Land Assessment | $0 (2024) | Annual Taxes | $38,057 ($1.03/SF) |
Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
10-10-27-300-048
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$855,600 (2024)
Annual Taxes
$38,057 ($1.03/SF)
Tax Year
2023
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Market Place Shopping Center | 35630 Van Dyke Ave
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