27332 Van Dyke AveWarren, MI 48093

Property Details for 27332 Van Dyke Ave

Year built

1949

Lot size

0.77 AC

Property size (Sq ft)

8,322 SF

Zone code

MZ

Property type

Retail space

APN

12-13-15-351-046

APU

121315351046

Description

This exceptional Macomb County property, located at 27332 Van Dyke Avenue, offers a unique investment opportunity. Boasting a prime location with high visibility on Van Dyke Avenue (50,000 vehicles daily) and convenient access to I-696, this multi-use property presents significant potential. The property comprises two buildings totaling 9,085 square feet, offering flexibility for various uses. The north building, a 2,742 square foot industrial space, is ideal for storage. The south building, encompassing 6,343 square feet, features 4,503 square feet of office space and a 1,840 square foot shop area. The property benefits from abundant parking, perfect for employees and customers. Its strategic placement between a Circle K and an Arby's provides excellent signage opportunities. The property is zoned MZ and offers the possibility of an "as is" purchase or redevelopment, potentially accommodating a national chain with a drive-thru. Built in 1949, the property features a 125-foot frontage. The buildings are currently divided into two suites. This versatile property is perfect for a variety of businesses seeking a high-traffic location with ample space and parking. The minimum divisible space is 2,742 square feet. There are no elevators on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,928,300

  6.5%

  $1,779,970

  7%

  $1,652,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $809,578

  Geo Method

  $809,578

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,413,170

  Mixed-Use / Specialty

  $1,797,030

  Hospitality / Lodging

  $1,348,900

  Office

  $1,810,740

  Institutional / Educational

  $1,876,560

  Residential Income

  $2,195,570

  Multifamily

  $2,503,460

  Automotive / Energy

  $1,608,480

  Parking / Income-Based Land

  $531,936

  Restaurant / Food Service

  $984,613

  Healthcare / Senior Housing

  $1,818,820

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4945

Longitude

-83.0272

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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