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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$2,200,000

Est. payment - /mo

7,335 SqFt

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UPDATED:

Key Details

Property Type CommercialSale

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 7,335 sqft

Price per Sqft $299

MLS Listing ID 58050187495

Year Built 1953

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type BusinessandRealEstate

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 Area03131Warren

Interior

Heating Natural Gas

Cooling Window Unit(s)

Flooring Carpet, CeramicTile

Fireplace No

Exterior

Parking Features Other

Fence Fenced

Utilities Available CableAvailable, NaturalGasAvailable, NaturalGasConnected

View Y/N No

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Warren Con

Others

Acceptable Financing Cash, Contract, Other

Listing Terms Cash, Contract, Other

Special Listing Condition CorporateRelocation, ShortSaleNo

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Listed by Tariq Herish of Brookstone, Realtors LLC

Nearby School & Business

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Jason Miller

+1(248) 444-8774

Broker Brerms:277398

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28710 VAN DYKE AVE Warren, MI 48093

Jason Miller

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information