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$ 2,200,000
Est. payment | /mo
7,335 SqFt
$ 2,200,000
Est. payment | /mo
7,335 SqFt
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
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