27332 Van Dyke AveWarren, MI 48093

  • Retail properties
  • 8,322 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,544,356
    6.5%
    $2,348,636
    7%
    $2,180,877
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,961,668
    Geo Method
    $1,961,668
  • Alternative Use

    Use
    Valuation
    Residential
    $1,981,163
    Hospitality
    $1,814,734
    Educational
    $1,509,838
    Medical
    $1,561,763
    Retail
    $2,348,636
27332 Van Dyke Ave, Warren, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,217
-
-
$252,110
-
-
-
$504,220

FAQs

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