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    20495 Van Dyke St Detroit, MI 48234

    Sponsored
    For Sale
    $120,000

    Turnkey Industrial Building, Ample Parking Potential

    Property size:
    1,348 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This 1,348 square foot industrial building in Detroit, Michigan, presents a fantastic opportunity for a variety of businesses. Located at 20495 Van Dyke, this end unit boasts high visibility due to its alley access and location. The property includes a 0.04-acre lot, ideal for parking expansion. The building itself is turnkey, featuring a recently updated furnace, central air conditioning, and water heater, ensuring efficient and comfortable operation. The property also includes two and a half bathrooms and a new steel rear door, enhancing security and functionality. Recent interior painting provides a fresh, modern aesthetic. An adjacent vacant lot (parcel ID 1510057745, located at 20516 Stotter) is also included in the sale, further expanding parking possibilities. Note that additional adjacent properties (20477-20481 and an adjacent lot with MLS #20250005257) are available for purchase separately for $185,000. Serious inquiries only

    Property Features for 20495 Van Dyke St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,348 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.02506
    Latitude
    42.44752

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    FAQs

    What type of property is this?
    Industrial property - Turnkey Industrial Building, Ample Parking Potential
    Where is this industrial property located?
    The property is located at 20495 Van Dyke St Detroit, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    (248) 548-4400
    Request Owner's contact information
    20495 Van Dyke St Detroit, MI 48234
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    Detroit, MI 48234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20495 Van Dyke St Detroit, MI 48234
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