21209 Van Dyke AveWarren, MI 48089

Property Details for 21209 Van Dyke Ave

Year built

1943

Lot size

0.07 AC

Property size (Sq ft)

2,205 SF

Zone code

C-2

Property type

Grocery and convenience stores

APN

12-13-33-430-048

APU

121333430048

Description

This exceptional 2,205 square foot convenience store and storefront, located at 21209 Van Dyke Avenue in Warren, Michigan, presents a unique owner-user investment opportunity. Built in 1944 and extensively renovated in 2021, the property sits on a 0.07-acre lot and boasts ample parking. The single-story building is zoned for commercial use and offers significant potential for expansion within its bustling, high-visibility location. The asking price is $275,000, translating to $124.72 per square foot. This turnkey operation includes existing inventory and is situated in the heart of Warren, MI, a prime commercial district known for its high traffic volume. The property's features include one building, one unit, and is privately owned (APN: 1333430048). All measurements are approximate

• CAP approach

  CAP return

  Valuation

  6%

  $510,922

  6.5%

  $471,621

  7%

  $437,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,506

  Geo Method

  $214,506

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $904,356

  Mixed-Use / Specialty

  $476,142

  Hospitality / Lodging

  $357,406

  Office

  $479,774

  Institutional / Educational

  $497,213

  Residential Income

  $581,739

  Multifamily

  $663,318

  Automotive / Energy

  $426,183

  Parking / Income-Based Land

  $140,942

  Restaurant / Food Service

  $260,884

  Healthcare / Senior Housing

  $481,914

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4518

Longitude

-83.0259

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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