28710 VAN DYKE Avenue, Warren City, MI 48093
Macomb County
Key Facts
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!
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Structure Type
House
Year Built
1953
Living Area
7,335 sq ft
Lot Size
1.00 acres
Lot Dimensions
.088
Days on Market
3
MLS® Listing#
58050187495
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Fencing
Construction
Foundation
Roof
Other Structures
Community
Utilities
Sewer
Water Source
Financial Details
Parcel Number
1315103001
Affordability Calculator
$440,000
Estimated monthly payment
$11,709/mo
Principal $1,760,000 · Est. interest $2,455,357 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Warren City, MI
- $236,194
- Median Listing Price
- 59
- Median Days on Market
- 1,500
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,284
- Active Listings
- This home’s price is 831% above the area median.
- Its price per sq ft is 122% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Warren City, MI.
Location
Points of Interest in Warren City, MI
Showing the Warren City area map.
Nearby Schools
Mmsa Lorraine
School · 0.4 mi away
Crothers Elementary School
Elementary · 0.9 mi away
Cromie Elementary School
Elementary · 0.9 mi away
Peace Lutheran School
School · 1.1 mi away
Wolfe Middle School
Secondary · 1.2 mi away
Muneer Academy
School · 1.2 mi away
Cousino High School
Secondary · 1.2 mi away
Center Line High School
Secondary · 1.3 mi away
Frontier International-Warren
School · 1.3 mi away
Westwood Elementary School
Elementary · 1.3 mi away
Warren Consolidated Schools
School · 1.5 mi away
Grind Time Wrestli
School · 1.5 mi away
Macomb Math Science Technology Center
Secondary · 1.7 mi away
Warren Consolidated Schools
Secondary · 1.7 mi away
Center Line Preparatory Academy
School · 1.7 mi away
CLPS
School · 1.9 mi away
Peck Elementary School
Elementary · 1.9 mi away
Enterprise High School
Secondary · 1.9 mi away
Warren Woods Middle School
Secondary · 1.9 mi away
Wilkerson Elementary School
Elementary · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11711 S West Bay Shore Drive, Traverse City, MI | $1,549,000 | 3 | 3 | 2,314 |
| 768 Shrewsbury Drive, Clarkston City, MI | $1,550,000 | 4 | 6 | 5,146 |
| 142 Pit Lane, Pontiac City, MI | $1,550,000 | — | — | 1,500 |
| 5701-5707 Woodward Street, Wayne City, MI | $1,556,700 | 24 | — | 11,218 |
| 22200 Grand River Avenue, Detroit City, MI | $1,565,000 | — | — | 9,476 |
| 523 Lathrop Avenue, Algonac City, MI | $1,574,999 | 3 | 4 | 3,623 |
Moving Cost Estimate
EXIT Agents in Warren City
Listing Courtesy: Brookstone, Realtors LLC - 2489630505
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