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… Read More 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! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Brookstone, Realtors LLC Tariq Herish (248) 963-0505.
Listing Snapshot
Days Online
172
Last Updated
Property Type
Commercial
Square Ft.
7,335
Lot Size
1 Acres
Year Built
1953
MLS Number
58050187495
30 Days Snapshot Of 48093
$154k
-19%
(avg) sold price
20
+33%
homes sold
54
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1953, 7,335 total square feet, Unit count: 0, Brick, Shingle Siding
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.