About 28710 Van Dyke Avenue
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!
Features of 28710 Van Dyke Avenue
| MLS® # | 50187495 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 7,335 |
| Acres | 1.00 |
| Year Built | 1953 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
| Source MLS | MiRealSource |
| Originating MLS | MiRealSource |
Community Information
| Address | 28710 Van Dyke Avenue |
|---|---|
| Area | Warren |
| City | Warren |
| County | Macomb |
| State | Michigan |
| Zip Code | 48093 |
Amenities
| Features | ADA Accessible, Cable Internet Installed, Cable TV Available, Carpet, Ceramic Floor, Fence, Fixtures, Furniture, Gas Available, Lawn Sprinkler, Living Quarters, Living Quarters Attached, Living Quarters Detached, Pole Sign, Restroom(s), Sidewalks |
|---|---|
| Parking | 21+ Spaces |
| Is Waterfront | No |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Exterior Features | Fenced Yard, Security Lighting, Fence Owned |
|---|---|
| Roof | Shingles |
| Construction | Full Masonry, Shingle |
| Foundation | Slab |
Additional Information
| Zoning | 3+ Multi, Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Brookstone, Realtors LLC |
|---|