4296 Van Dyke RdAlmont, MI 48003

Property Details for 4296 Van Dyke Rd

Year built

2000

Lot size

6.94 AC

Property size (Sq ft)

24,067 SF

Zone code

AR

Property type

Warehouses

Property subtype

Self storage facilities

APN

001-016-015-05

APU

101601505

Description

This exceptional 24,067 square foot industrial property in Almont, MI, presents a lucrative investment opportunity. Boasting 6.94 acres of land and 282 feet of high-exposure Van Dyke frontage, this property sees approximately 20,000 vehicles daily. Its strategic location just north of downtown Almont and south of I-69 provides easy access to major freeways including I-94 (Port Huron), I-75 (Flint), and routes north to Port Austin or south to Detroit. The property comprises two approximately 12,000 square foot buildings, constructed in 2000 and in excellent condition. The buildings feature free-span construction for versatile use, 18-foot ceilings, a truck well, three-phase 880-volt power, central air, gas forced air heat, and a metal roof. Utilities include a septic system and well. A significant 5,000 square feet is dedicated to office space. Building One is currently under a three-year lease with a six-year renewal option. Building Two has six rented units with one vacancy. The property benefits from a C-3 zoning designation, permitting commercial, industrial, retail, self-storage, and RV/truck storage uses. The current net operating income is $203,194.00, resulting in an attractive 11.28% cap rate. This property offers a compelling blend of location, functionality, and strong financial performance.

• Alternative Use

  Use

  Valuation

  Residential

  $5,729,469

  Hospitality

  $5,248,163

  Educational

  $4,366,410

  Medical

  $4,516,578

  Retail

  $6,792,194

Location Insight

City

Almont

County

Lapeer

State

Michigan

Latitude

42.9404

Longitude

-83.0583

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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