Basics
| Status Active | Category CommercialSale | Type BusinessandRealEstate | Year built 1953 |
| MLS ID 58050187495 | Date added Added 10 hours ago | Lot Size Acres 1 acres | Address 28710 VAN DYKE AVE, WarrenCity_Macomb, Michigan, 48093 |
| Business Type HotelMotel, Restaurant | Cooling WindowUnits |
Description
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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!
Building Details
- Roof: Shingle
- Construction Materials: Brick, ShingleSiding
- Basement YN: No
- Sewer: PublicSewer
- Heating: NaturalGas
- Garage YN: No
- Building Features: DisabledAccess, Fixtures, Furniture, CeilingHeightLessthan16ft, CableInternetInstalled, LivingQuarters, LivingQuartersAttached, LivingQuartersDetached, PoleSign, Restrooms, Sprinklers, Sidewalks
Location
- City / Department: WarrenCity_Macomb
- State: Michigan
- Zip / Postal Code: 1235
- County Or Parish: Macomb
Amenities & Features
- Waterfront YN: No
- Flooring: Carpet, CeramicTile
- Fireplace YN: No
- Utilities: CableAvailable, NaturalGasAvailable, NaturalGasConnected
- Pool YN: No
- Fencing: Fenced
- Parking Features: Other
- WaterSource: Public
Financial
- Homestead YN: No
School Information
- High School District: WarrenCon
Miscellaneous
- Listing Terms: Cash, Contract, Other
Courtesy of
- List Office Name: Brookstone, Realtors LLC