22005 Van Dyke AveWarren, MI 48089

Property Details for 22005 Van Dyke Ave

Year built

1965

Lot size

0.56 AC

Property size (Sq ft)

6,082 SF

Zone code

MZ

Property type

Office buildings

APN

12-13-33-278-026

APU

121333278026

Description

This exceptional 6,082-square-foot mixed-use property, situated at 22005 Van Dyke Ave, Warren, MI 48089, presents a unique investment opportunity. Built in 1965 and extensively renovated in 2024, this single-tenant building boasts a prime location at the intersection of Van Dyke and 9 Mile Roads, offering unparalleled visibility and accessibility. The property features a convenient loading bay and a roll-top garage door, complemented by ample parking for 30 vehicles securely enclosed within a cement wall. Inside, you'll find a spacious layout ideal for a variety of uses, including retail or office space. The property includes two private bathrooms, a large conference room, and two interconnected offices. Recent upgrades include a complete modernization of the plumbing system, an upgraded electrical panel, energy-efficient new lighting fixtures, and high-efficiency furnaces, ensuring both comfort and cost-effectiveness. The property is zoned MZ and sits on a parcel with APN 12-13-33-278-026. Its location within a thriving business district in the Warren submarket of Metro Detroit, coupled with a convenient bus stop directly in front, guarantees strong retail appeal and easy access for employees and customers alike. This is a rare opportunity to acquire a fully updated, well-located commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,264,967

  6.5%

  $1,167,662

  7%

  $1,084,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $568,910

  Geo Method

  $568,910

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,901

  Hospitality

  $1,326,270

  Educational

  $1,103,441

  Medical

  $1,141,390

  Retail

  $1,716,463

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4574

Longitude

-83.0271

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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