28851 Van Dyke AveWarren, MI 48093
- Commercial real estate
- 5,084 SF
Property Details for 28851 Van Dyke Ave
- Year built
- 1949
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 5,084 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 12-13-16-227-047
- APU
- 121316227047
Description
This exceptional commercial property at 28851 Van Dyke Ave, Warren, MI 48093, offers 5,500 square feet of versatile retail and office space. The property is ideally suited for multiple tenants, with a minimum leasable area of 2,750 square feet and a maximum contiguous space of 5,500 square feet. The flexible layout allows for customization to meet diverse business needs. The building's strategic location in Warren, Michigan provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. The property is categorized as both retail and office space, offering a unique opportunity for businesses seeking a combined storefront and office presence. This presents a rare chance to secure a substantial space in a thriving commercial area. The property is ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire about lease terms and availability. This is an excellent opportunity for businesses seeking a prominent location in a bustling commercial district. The property's size and layout offer significant potential for growth and expansion. Don't miss this chance to secure a prime commercial space in Warren, Michigan.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,198,380
- 6.5%
- $1,106,200
- 7%
- $1,027,190
-
Comparable approach
- Method
- Valuation
- Relative Method
- $475,557
- Geo Method
- $475,557
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,085,140
- Retail / Commercial
- $1,087,400
- Mixed-Use / Specialty
- $1,097,830
- Hospitality / Lodging
- $824,061
- Office
- $1,106,200
- Institutional / Educational
- $1,146,410
- Residential Income
- $1,341,300
- Multifamily
- $1,529,390
- Automotive / Energy
- $982,636
- Parking / Income-Based Land
- $324,966
- Restaurant / Food Service
- $601,511
- Healthcare / Senior Housing
- $1,111,130
Location Insight
- City
- Warren
- County
- Macomb
- State
- Michigan
- Latitude
- 42.5056
- Longitude
- -83.0287
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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