Homes for sale - 28710 VAN DYKE Avenue, Warren, MI 48093

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Chris Lynn

chris@sellsmihomes.com +1(248) 914-7228

$2,200,000

Est. payment - /mo

7,335 SqFt

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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

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Listed by Tariq Herish of Brookstone, Realtors LLC

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Chris Lynn

+1(248) 914-7228

Agent | License ID: 6501380823

Agent License ID: 6501380823

28710 VAN DYKE Avenue Warren, MI 48093

Chris Lynn

Key Details

Location

Interior

Exterior

Building

Schools

Others

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28710 VAN DYKE Avenue

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