28710 VAN DYKE Avenue new Save Request In-Person Tour Request Virtual Tour
Warren,MI 48093
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,335 sqft
Price per Sqft $299
Subdivision Mi
MLS Listing ID 50187495
Year Built 1953
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions .088
Property Sub-Type Commercial/Industrial
Property Description
RARE INVESTMENT OPPORTUNITY: Located at 28710 Van Dyke Ave, Warren, MI 48093, this exceptional property is a true gem in the heart of Warren, Michigan. Featuring a 20-Unit Extended Stay Motel, House, Restaurant, and Apartment, this recession-proof and pandemic-proof investment offers a lucrative endeavor for savvy investors. Situated on 0.88 acres with 246' of frontage on Van Dyke Avenue, this property boasts a prime location in a retail corridor surrounded by national tenants and close to Warren's prominent manufacturing and automotive facilities. With a daily vehicle count of 75,000, multiple points of ingress/egress, and 30,000 employees within a one-mile radius, this property presents an incredible opportunity for growth and profit. Highlights include a cap rate of 10.79%, recent renovations in 2022, including parking lot resurfacing and restaurant updates with a new 3-year lease, on-site manager 24/7, ample parking with 40 spaces, and excellent demographics. Don't miss out on this turnkey investment!
Location
State MI
County Macomb
Area Warren (50023)
Zoning 3+ Multi,Commercial
Interior
Cooling Window Unit(s)
Exterior
Parking Features 21+ Spaces
Roof Type Shingles
Building
Foundation Slab
Water Public Water
Structure Type Full Masonry,Shingle
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Commercial Loan,Land Contract