26610-26662 Van Dyke Ave
Center Line, MI 48015
Detroit Van Dyke Avenue Retail Portfolio · Retail Property For Sale

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to market for sale The Van Dyke Portfolio in Center Line, Michigan. The portfolio consists of 19,700 square feet including a retail strip center and two single-tenant buildings that are in total 91 percent occupied by a diverse roster of local tenants. The Van Dyke Portfolio is located along Van Dyke Avenue which sees 37,944 vehicles per day. It is just south of Interstate 696, which sees 134,575 vehicles per day. The immediate surrounding area is a dense infill suburb of metro Detroit. There is a population of 359,235 residents within 5 miles, and the local economy is diversifying into the healthcare & technology sectors. Household income levels are right in line with middle-income figures, ranging from $50,000 - $57,000. Prominent national retailers in the immediate vicinity include Rite Aid, Discount Tire, CVS Pharmacy, O’Reilly Auto Parts, AT&T, Mobil & Bank of America. The MSA has seen a number of new businesses pop up, from breweries to video production outfits. Center Line is located four miles outside of Downtown Detroit. Van Dyke Strip Center is 88.4% occupied with leasing upside. Strong demand for space has been shown from tenants such as Learning & Day Care Center, occupying 3,600 square feet since 2016. Locally owned Luca’s Coney Island Restaurant occupies 3,400 square feet and is leased through 2023. Nice Appliance is occupying 1,600 square feet of space and has been a successful tenant since 2005.