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
Courtesy of Brookstone, Realtors LLC.
Listing Snapshot
Days Online
264
Last Updated
Property Type
Commercial/Industrial
Square Ft.
7,335
Lot Size
1 Acres
Year Built
1953
MLS Number
50187495
30 Days Snapshot Of 48093
$130k
+6%
(avg) sold price
15
+36%
homes sold
21
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
City/County
Amenities
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
Building
7,335 square feet, Built in 1953, Guest House, 5 or More Units, House, Investment
Cooling
Window Unit(s)
Exterior Features
Full Masonry, Shingle, Fenced Yard, Security Lighting, Fence Owned
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