31920 Van Dyke AveWarren, MI 48093

Property Details for 31920 Van Dyke Ave

Year built

1971

Lot size

2.23 AC

Property size (Sq ft)

16,426 SF

Zone code

MZ

Property type

Turn key restaurants

APN

12-13-03-151-045

APU

121303151045

Description

This exceptional 16,426 square foot restaurant and banquet hall is available for purchase at $3,200,000. Located at 31920 Van Dyke Ave in Warren, Michigan (zip code 48093), this vacant property sits on a 2.23-acre lot and is zoned MZ-C-2. The property is fully furnished, including all fixtures, furniture, and equipment (FF&E), representing a turnkey opportunity for a new owner. A valuable liquor license is also included in the sale, streamlining the transition for a prospective buyer. The spacious layout includes a mezzanine level offering ample storage. The current zoning permits automotive-related uses, opening up possibilities beyond traditional restaurant operations. This prime location in Macomb County, Michigan presents a significant investment opportunity in a well-established commercial area. The property's size and features make it ideal for a variety of uses, from a large-scale restaurant to a multi-functional event space. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,806,080

  6.5%

  $3,513,310

  7%

  $3,262,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,597,950

  Geo Method

  $1,597,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,736,940

  Mixed-Use / Specialty

  $3,546,990

  Hospitality / Lodging

  $2,662,470

  Office

  $3,574,050

  Institutional / Educational

  $3,703,950

  Residential Income

  $4,333,630

  Multifamily

  $4,941,350

  Automotive / Energy

  $3,174,820

  Parking / Income-Based Land

  $1,049,940

  Restaurant / Food Service

  $1,943,430

  Healthcare / Senior Housing

  $3,589,990

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.5286

Longitude

-83.0281

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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