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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 Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,335 sqft
Price per Sqft $299
Municipality Warren
Subdivision Warren
MLS Listing ID 50187495
Year Built 1953
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Industrial
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 Macomb County - 50
Zoning 3+ Multi,Commercial
Interior
Cooling Window Unit(s)
Exterior
View Y/N No
Building
Sewer Public
Listed by Brookstone, Realtors LLC
Nearby Locations
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