30800 Van Dyke AveWarren, MI 48093

Property Details for 30800 Van Dyke Ave

Year built

1986

Lot size

2.16 AC

Property size (Sq ft)

44,500 SF

Zone code

UN

Property type

Office buildings

APN

12-13-10-101-006

APU

121310101006

Description

Galaxy Plaza, located at 30800 Van Dyke Ave in Warren, Michigan, presents a unique opportunity for businesses seeking versatile office space. This Class B building, totaling 44,000 square feet, underwent a complete renovation in 2020, boasting modern amenities and a prime location within the Metro-Detroit submarket. The property features six suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 16,200 square feet, currently offering 9,445 square feet of vacant space. Suitable for executive, creative, or medical office uses, as well as retail and restaurant tenants, Galaxy Plaza offers flexibility for various business needs. The building sits on 2.16 acres of land and includes 170 on-site parking spaces, ensuring ample parking for employees and clients. Four stories high, with elevators for convenient access, the building benefits from excellent visibility on Van Dyke Avenue, enhanced by monument signage. The Urban Neighborhood zoning allows for a diverse range of uses, making this a highly desirable location in Macomb County. Built in 1986 and extensively renovated, Galaxy Plaza combines classic structure with modern functionality, offering a first-generation office space in a thriving area. The property's location within the City of Warren, in the Metro-Detroit submarket, provides easy access to major transportation routes and a robust local economy.

• CAP approach

  CAP return

  Valuation

  6%

  $10,489,400

  6.5%

  $9,682,520

  7%

  $8,990,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,162,530

  Geo Method

  $4,162,530

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,251,200

  Retail / Commercial

  $9,517,970

  Mixed-Use / Specialty

  $9,609,220

  Hospitality / Lodging

  $7,212,960

  Institutional / Educational

  $10,034,500

  Residential Income

  $11,740,300

  Multifamily

  $13,386,700

  Automotive / Energy

  $8,600,960

  Parking / Income-Based Land

  $2,844,410

  Restaurant / Food Service

  $5,265,000

  Healthcare / Senior Housing

  $9,725,700

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.5196

Longitude

-83.0277

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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