30100 Van Dyke AveWarren, MI 48093

Property Details for 30100 Van Dyke Ave

Year built

1968

Lot size

3.18 AC

Property size (Sq ft)

41,055 SF

Zone code

UN

Property type

Office buildings

APN

12-13-10-152-016

APU

121310152016

Description

This exceptional 41,055-square-foot executive office building, located at 30100 Van Dyke Avenue in Warren, Michigan, presents a rare investment opportunity. Situated on a 3.18-acre lot directly across from the GM Tech Center, this three-story Class C building offers significant potential for redevelopment under its Urban Neighborhood zoning. Built in 1968, the property boasts 200+ surface parking spaces, a significant advantage in this location. The building features a 12-foot ceiling height and is currently listed at $2,650,000, translating to $70.64 per square foot. The property's prime location, ample parking, and redevelopment potential make it an attractive proposition for investors seeking a high-impact project in a thriving area. The property's APN is 13-10-152-016. This is a unique chance to acquire a substantial commercial property in Warren's city center, offering both immediate income potential and long-term redevelopment possibilities. The property is zoned for Urban Neighborhood use. The building consists of one structure.

• CAP approach

  CAP return

  Valuation

  6%

  $9,677,350

  6.5%

  $8,932,940

  7%

  $8,294,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,840,280

  Geo Method

  $3,840,280

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,838,200

  Retail / Commercial

  $8,781,130

  Mixed-Use / Specialty

  $8,865,320

  Hospitality / Lodging

  $6,654,570

  Institutional / Educational

  $9,257,630

  Residential Income

  $10,831,400

  Multifamily

  $12,350,400

  Automotive / Energy

  $7,935,110

  Parking / Income-Based Land

  $2,624,210

  Restaurant / Food Service

  $4,857,400

  Healthcare / Senior Housing

  $8,972,780

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.5139

Longitude

-83.0275

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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