28710 VAN DYKE Avenue new Save Request In-Person Tour Request Virtual Tour
Warren,MI 48093
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 7,335 sqft
Price per Sqft $299
MLS Listing ID 58050187495
Year Built 1953
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions .088
Property Sub-Type Business And Real Estate
Source MiRealSource
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
Zoning Commercial,Multi-Family
Interior
Hot Water Natural Gas
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Roof Type Shingle
Accessibility Disabled Access
Building
Foundation Slab
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Additional Building Other
Structure Type Brick,Shingle Siding
Schools
School District Warren Con
Others
Tax ID 121315103001
Ownership Corporate/Relocation,Short Sale - No
Acceptable Financing Cash,Contract,Other
Listing Terms Cash,Contract,Other
Financing Cash,Contract,Other
Special Listing Condition Full Service