Warren, MI 48093,28710 VAN DYKE Avenue
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Warren, MI 48093,28710 VAN DYKE Avenue
Warren, MI 48093,28710 VAN DYKE Avenue
Warren, MI 48093,28710 VAN DYKE Avenue
Warren, MI 48093,28710 VAN DYKE Avenue

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$ 2,200,000
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28710 VAN DYKE Avenue Warren, MI 48093

7,335 SqFt


UPDATED:

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


Realcomp MLS
Listed by Tariq Herish of Brookstone, Realtors LLC
Realtyflo Inc

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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